The Power of Community - · PDF filebest–selling books addresses mothballing chemical...

2012 Annual Report

The Power of Community

Introduction . . . . . . . . . . . . . . 01

Annual Highlights . . . . . . . . . . . 02

MTI’s Vision . . . . . . . . . . . . . . 06

MTI’s Mission . . . . . . . . . . . . . 06

Benefits of Membership . . . . . . . . 06

Report of the Chair –

Board of Directors . . . . . . . . . . 07

Report of the AmeriTAC Chair . . . . . 08

Report of the AsiaTAC Chair . . . . . . 09

Report of the EuroTAC Chair . . . . . 10

Executive Director’s Letter . . . . . . . 11

Member Companies &

Designated Representatives . . . . . 12

Board of Directors . . . . . . . . . . . 14

Directors & St . Louis Staff . . . . . . . 15

Technical Advisory Councils . . . . . . 16

Chinese Section

Mission Statement . . . . . . . . . . 18

Funded Projects . . . . . . . . . . . 19

Training Classes &

Educational Seminars . . . . . . . 20

Potential Projects . . . . . . . . . . 21

Financial Statements . . . . . . . . . 22

Membership Dues Information . . . . . 25

Our Global Community Connects MTI Members

MTI has always been a valuable resource to link those with questions to those with answers. Our online forums are an instant and enduring knowledge bank that members have come to count on. Our face-to-face meetings, including TACs, training sessions, and structured forums, foster personal networking, disseminate the latest knowledge and help guide our future projects.

Now, our specialized community, just like the wider world, has begun to leverage the capabilities of social media. We’re not referring to 140-character tweets, status updates about our kids or sharing cute cat videos, but the features of our new website, including circles, project team committees, and other informal communities. It will be fascinating to watch how our members make use of them.

The global economy still faces challenges, forcing our members to continue to do more with less. Together we will find new ways to accomplish this. Because that’s what a community does.

in Powerful New Ways

Accelerated Testing of FRPSwerea KIMAB completed a major undertaking for MTI to develop an accelerated test for FRP that will assist with life prediction for a given chemical and FRP system. The final report contains excellent visual and quantitative data of degradation and traces the damage to two primary mechanisms: uniform corrosion or diffusion. Six commercially available chemicals were studied with FRP at different concentrations and temperatures, and the evaluation techniques are described for implementing this approach. The deterioration was plotted using Arrhenius curves in three cases and diffusion/penetration versus time in three other cases, which then may be used to predict expected life for each chemical environment at that given temperature. This represents a step–change from the way FRP is currently tested using the ASTM C581 protocol. The value of this work will increase as MTI member companies shift to this approach and create more data. Finally, KIMAB wrote up the test procedure as an ASTM test format in anticipation of it being used as a standard in the future.

Advanced Metal Dusting Resistant MaterialsIndicative of its continuing commitment to the investigation of the metal dusting phenomenon, MTI completed its third metal dusting project at Argonne National Laboratories in June 2012. This recent project focused on evaluating coatings and new alloys that may provide superior resistance and/or more cost–effective service than currently available materials. Three coatings and three new alloys were tested along with iron–base and nickel–base control alloys at 600°C and 700°C in a gas environment known to cause metal dusting in industrial settings. The final report is available in the Projects section at http://mti.memberclicks.net.

AsiaTAC’s Changing HorizonsWhen AsiaTAC Chairman Henry Ye finalized the 2012 Annual Meeting agenda, the ambitious schedule included a one–day training lecture on RBI Technology, panel sessions, regular business and PDC meetings, all preceded by a half–day of MTI technical presentations at NACE’s Shanghai Section Meeting. AsiaTAC continues to broaden its horizons. In addition to the annual Shanghai, China session in October and bimonthly face–to–face meetings, the MTI Board of Directors has approved a second major meeting in Japan next April. MTI member companies, Asahi Kasei Corporation, Mitsui Chemicals, and Sumitomo Metal Industries, are actively planning the details. The second AsiaTAC date has been slated for April 11–12, 2013. The meeting theme will be on “The role of materials engineering in the global Chemical Processing Industries.”

Leadership is also changing in 2012. Albrecht Girgensohn of Bayer who served as AsiaTAC Vice Chair for the last two years has been repatriated to his home country Germany. He will be missed for his leadership, support and invaluable contributions to AsiaTAC.

Associate Directors Barry Greene and Tony Scribner Announce RetirementsAssociate Director Tony Scribner has announced that he will retire at the end of 2012. Scribner joined MTI as an Associate Director in 2005. He is a long–time industry expert, who has worked for member company Becht Engineering and formerly for Union Carbide. Scribner has handled a variety of project management responsibilities for MTI and has been instrumental in developing the EuroTAC Meeting.

Associate Director Barry Greene announced his plans to retire in March 2013. Greene was a TAC Representative for BASF beginning in 1988, then served on MTI’s Board of Directors from 1992–2002. Since joining the staff in 2004, Greene has led a number of projects and is well known for his member surveys.

Scribner and Greene will be missed in MTI’s online forum and at the head table during TAC Meetings worldwide.

Annual Highlights

2


Demolition Guide Provides Industry-Specific Project PrimerMTI published a new booklet, Guidance for Demolition of Obsolete Chemical Processing Facilities. One of MTI’s best–selling books addresses mothballing chemical equipment. The new companion booklet provides guidelines for removing equipment permanently.

Topics covered include: • Assemblingateamtopreparethefacilityfor

demolition • Demolitioncontractorselection • Pre–demolitionplanning • Assetrecovery • Managingthedemolitionprocess

MTI looked to outside expertise to develop the guide, a team that included co–authors Mark Shaurette, PhD, Assistant Professor/Graduate Chair at Purdue’s Department of Building Construction Management and Richard Diven, a former demolition company owner and current consultant to the industry. The guide was made available to members at http://mti.memberclicks.net.

Design of Laboratory Corrosion TestingMTI initiated a project to create a handbook for members to use in the design of laboratory corrosion experiments. The handbook will be a guide for best practices in designing laboratory corrosion studies that are frequently used to solve corrosion problems in on–going processes and in the selection of new materials of construction.

MTI Fellow Dr. Sheldon Dean is developing the handbook. Dr. Dean, a long–time member of MTI, is a nationally recognized expert in corrosion. The expected completion date for the book is the end of 2013, but MTI members will have access to review chapters from the book as they are created. Updates will be posted on the new MTI web site at http://mti.memberclicks.net.

FRP Inspection TrainingFollowing the popular MTI FRP inspector training courses held in China in the last few years, the first FRP Inspector Training for AmeriTAC was held in Houston, Texas on March 5 – 6, 2012. There were a total of 55 registered attendees. The Houston session was video recorded by Reel Impact and the DVD is now available to all interested members.

A second session was held at EuroTAC on March 26, 2012. Twenty–four people attended the informative presentation, which included discussions, a Q&A session, and a hands–on look at a wide variety of samples. Based on attendee feedback and member surveys, there is strong interest in having future MTI training courses for in–service FRP inspections.

Macki Named MTI FellowThe Materials Technology Institute recently named Jim Macki an MTI Fellow. Macki served on MTI’s Board of Directors in 1979 and, after a hiatus from the organization, became an Associate Director in 1995. Macki, who holds a PhD in Metallurgical Engineering from The Ohio State University, retired from The Dow Chemical Company in 1995 after 27 years’ service in a variety of materials engineering and management roles.

As Executive Director since 1998, he has helped guide MTI’s growth and other important goals set forth in its Strategic Plan. Macki’s many achievements include overseeing the organization’s successful expansion into Europe and Asia.

In 2000, MTI began recognizing individuals who have been instrumental in the development and progression of the organization over a period of at least 10 years. Macki was the 12th member to be elected to its prestigious roster of Fellows. “Being a Fellow is the highest honor MTI can bestow upon an individual, which is why there are so few despite all the talented and committed people that have touched the organization since its inception,” says Ed Naylor, MTI Chair.

Macki has announced that he plans to retire as MTI’s Executive Director at the end of 2013.

3

Materials Technology Institute • 2012 Annual Report

Mechanical Integrity of Flexible Hoses PresentationA case history and best practices presentation at AmeriTAC 107 in Hollywood, Florida addressed everything from the elements of a flexible hose to common hose failure modes. In addition to describing failure modes in detail, the slide show focused on the need for industry–accepted standards. Presenter Steve Springer of DuPont stated that a robust hose management program is essential for the mechanical integrity of operating facilities where hoses are used. He also addressed possible hazards and shared a number of best practices with the audience. Springer’s goal was to make fellow MTI members aware of the issues and pitfalls that surround flexible hose safety. The informative presentation led to a lively discussion and the formation of a potential project.

Nickel Alloy SeminarsEight speakers representing MTI member companies provided a train–the–trainer type seminar on Corrosion Resistant Nickel Alloys at AmeriTAC 107 in Hollywood, Florida. The 52 participants who attended amassed valuable information on a variety of alloys, including Ni–Cr, Ni–Cr–Mo, Ni–Cr–Fe–Mo, CP Nickel, Ni–Mo, and cast equivalents. MTI distributed a CD of the seminar presentations to all attendees as well as Designated Representatives of each MTI member company.

A second Nickel Alloy Training Seminar was held on May 10–11, 2012 in Shanghai China. In addition to content similar to the AmeriTAC version of the seminar, the AsiaTAC session included an overview by Mr. Zhu Xiaofeng of Jiuli Hi Tech Metals Company on Chinese Nickel Alloy Supply for the High End Fabrication Industry. Forty–three people attended the seminar. Feedback from the audience was very positive. According to seminar organizers, China’s chemical processing industry companies are using more and more nickel alloys as materials of construction, thus the seminar was very timely. Under the leadership of Henry Ye of DuPont, the AsiaTAC team continues to plan for more projects in this area of great interest.

New MTI Web Site Goes LiveAfter almost a year of planning, development and design, MTI’s new and much improved web site launched in June. The online portal includes many new features, including a built in search engine that delivers information quickly. During the surveying phase of the project, many members expressed frustration regarding the inability to quickly locate MTI–related technical information online. In addition to the search engine, which is linked only to information on the new site, menus have been simplified and organized for easier navigation. New directories make it easier than ever for members to find one another and connect with subject matter experts and colleagues.

Other features include Committee and Circle areas, which allow teams to collaborate online between live TAC meetings. Project teams are uploading and sharing files online as well as participating in discussions and providing feedback. This is already building an archive of useful technical information that only member companies are able to access. Social media–type features include the capability to post images and connect with like–minded colleagues around the world, all within a select MTI community of materials engineering professionals.

In addition to new features, the web site includes many of the same resources that members depended on for critical information in the past. The online, interactive technical forum, forum archives, Linda Hall and Granta library links, and project files are all readily available and easy to locate.

There are many other online resources in the works, including a subsection that the Knowledge Management PDC is populating with useful technical information and links. The web site will be constantly evolving, and there will be opportunities to improve it on an ongoing basis. This is just the beginning of a much better online resource for visitors, and most importantly, MTI member companies.

Annual Highlights

4


Presentations and Live Forum Highlights EuroTAC 2012More than 50 members, guests, and presenters attended the interactive event at DECHEMA in Frankfurt, Germany March 26–28. Seventeen member companies sent representatives to the meeting, which included opportunities for learning, interaction, and a members meeting.

The 2012 meeting launched with a one–day FRP Inspection Seminar, including a Q&A session that addressed questions about failures, fabrication and inspection. EuroTAC also featured presentations on Development of Iso–Corrosion Curves; Terahertz Imaging of In Service Defects in FRP Structures; Alloy Selection System for Elevated Temperatures; Cast Alloys for High Temperature Applications; The Mechanical Stability of Oxides; as well as alloying and coatings studies by DECHEMA students.

Breakout sessions on Metals and Polymers included reports on the progress of MTI’s Metal Dusting Project; Accelerated Testing of FRP Project; and the Polymer Permeability Project as well as presentations on Aggressivity of Metal Dusting Gasses; Development of Coatings for High Temperature Protection; and The Influence of Surface Conditions on Metal Dusting Behavior of Cast and Wrought Alloys.

Technical presentations concluded with a discussion of Unusual Corrosion Problems. Discussions covered a variety of topics, from failure of a Nimonic alloy to ultrasonic measurement of creep and high temperature hydrogen attack as well as other interesting challenges. The meeting was MTI Associate Director Tony Scribner’s last as MTI Staff leader for EuroTAC. Scribner, who is retiring at the end of 2012, was honored by MTI at a Wednesday evening reception.

Thermal Spray Seminar RecapThe Ceramics PDC hosted a Thermal Spray Seminar at AmeriTAC 106 in Nashville, Tennessee. Presentations covered state of the art thermal spray techniques, applications for thermal sprays with examples in jet engine components, and recommendations on specifying thermal spray coatings. Paul Eyre, of MTI Member Company DuPont, organized and led the one–day seminar.

Presentations included: • Industrialenginecomponentrepairusingthermal

sprays for dimensional and application–driven restorations, including discussion of thermal spray properties and selections as alternatives to plating.

• Overviewoftherangeofthermalspraytechniques(including Kinetic Spraying) and laser cladding technologies, as well as their critical application requirements and a discussion of materials that are applied and some examples of industrial applications and environments where these technologies are used in industry today.

• Influenceofnano–andnear–nanograinsonthemechanical properties of light alloys and carbides in powder metallurgical (PM) and thermal spray coating applications.

• Overviewofthefactorsaffectingcoatingperformance addressed in one company’s internal standard, including discussion of application techniques, specifications, and quality.

• Overviewofceramicthermalspraycoatings,including properties, applications, and related examples.

MTI produced a DVD of the seminar for all members who were not able to attend the live session. The DVD, which MTI shipped to each member company, includes all of the Thermal Spray presentation slides for review and continued training purposes.

2012 MTI Bert Krisher Memorial ScholarshipMTI awarded Cameron Curtis its 2012 Bert Krisher Memorial Scholarship. Twenty–two students applied for this year’s award, a significant increase in applicants from previous years. MTI Board of Directors Members Paul Manning/Haynes International and Dale Heffner/Electro Chemical presented Curtis with the scholarship at Corrosion 2012 (NACE) in Salt Lake City, Utah. As an added benefit, the top–notch student had the opportunity to attend MTI’s AmeriTAC 108 meeting in Seattle, Washington, where he was able to network with industry experts. Curtis is completing his degree in Materials Science and Engineering at Virginia Tech and planning on pursuing a career in the CPI.

5


MTI’s Vision:

MTI will be the process

industries’ first choice

for materials technology

networking and solutions.

MTI’s Mission:

MTI maximizes member asset

performance by providing global

leadership in materials technology

to improve safety, reliability,

sustainability and profitability.

6

Benefits of MembershipMTI’s role is increasingly important as materials options expand in number and complexity and as shortages of trained staff constrain operations.

Through membership, companies gain the knowledge they need to better develop, manage, and maintain green–field and retrofit construction projects, leading to greater efficiency, safety, reliability, sustainability and profitability.

Benefits: • Rapidandefficientsolutionstoproblems • Accesstoanexpertise–basednetworkthatincludes

some of the world’s foremost materials technologists for immediate and vetted consultation

• Apoolofcooperativeresearchfundingthatmultiplies the collected membership dues

• Anopportunitytoselect,scope,andlead projects conducted by others

• Privilegedaccesstointernallydeveloped information and project output

• Asearchabledatabaseofmorethan30years of Forum questions and discussion

In addition, MTI helps member companies achieve bottom–line savings by transferring existing knowledge into commonly used practices, conducting technology evaluation studies, and providing access to a network of materials experts to help with urgent problems.

The representatives of member companies who participate in MTI activities help to raise the knowledge base among diverse plant staff, and often become the in–house expert (i.e., the “go–to person”) for materials technology solutions. In addition, the interaction among materials specialists and the leadership opportunities within MTI enhance career development.


7

Maybe that ‘Famous Five’ in the Toronto bar back in 1977 made a mistake naming this organization. Institute — as in Materials Technology Institute. What a terrible word! So sterile, inanimate and devoid of personality. So unlike the embracing, dynamic, industrious technical community

that the organization has become today.

At the close of another successful year and thanks to its communities, I am pleased to report that MTI is as healthy as ever. In fact, we’ve been working out! Working out details of the new website launch. Working out agreements for new member companies. Working out a streamlined technology plan to replace the outdated Roadmap for project definition and development. Working out staff succession planning. Working out how social media interactions can further expand the value of MTI membership. Whew! Feeling a little perspiration on your brow?

None of these accomplishments and activities would be achieved without the hard work and efforts of communities. Board Vice–Chair Maria Oestergaard and my fellow Directors are a community that has been diligently pursuing the strategic initiatives outlined in my letter to you last year — namely: • Maintainandexpandmembershipandmember

services offered globally • DefineandpromotethevalueofMTI • Increasetheeffectivenessofknowledgetransfer • Improveprojectdefinition,selectionand

implementation • EnsureMTIstaffsuccession

The development that will garner the most attention this year is the launch of the new website. MTI Staff member Kirk Richardson deserves special thanks but so do the MTI Staff, the Board and the Website Committee, in particular. They all have my gratitude for the exciting and successful launch of a new website replete with social networking circles (read communities), project team committees, and expanded capability, capacity and value. Check it out!

The MTI Staff is another community handling everything from technical projects to member support in a dedicated,

responsive and organized fashion. In that spirit, we are saddened by the imminent departures from that community of Tony Scribner at the end of this year and Barry Greene in March of 2013. MTI and its member representatives will miss their gregarious yet astute contributions to the dissemination of expert knowledge and the guidance of technical projects. On behalf of the entire MTI community, I thank them for their years of devoted service and wish them both healthy and prosperous retirements.

Compounding these announcements is another that our Executive Director and MTI Fellow Jim Macki will also be retiring at the end of 2013. Jim has led MTI through an unprecedented global expansion and a multitude of turbulent economic times for industry associations. The Board and the Operations Committee have already begun the search process for the next Executive Director.

Then there are the Technical Advisory Councils across the globe that are themselves communities. The AmeriTAC community thrives under the leadership of Robert Sinko and David Barber. Mike Turner and Natalie Gelder continue to foster the EuroTAC community’s efforts to combine training with project development, technical knowledge sharing and problem solving activities. Henry Ye, Albrecht Girgensohn and the entire AsiaTAC continue to meet regularly, organize training seminars, develop projects and generally foster a community atmosphere. All this and I haven’t even mentioned the informal communities that exist for Metals, Polymers, Inspection, Ceramics, Welding and so on!

Maybe this community spirit is why I frequently hear someone say that they attended an industry conference “and before I knew it, a mini MTI meeting broke out!” I know that I have had several such experiences. Communities are prevalent throughout MTI and are indeed at the root of its success.

Come see for yourself what value you and your company can gain from the Materials Technology Community known as MTI.

Ed Naylor Chair, Board of Directors

Report of the Chair – Board of Directors


“To all who shall see these presents, Greetings! Know ye that reposing special trust and confidence in the fidelity and abilities of ….” When I was in the United States Marine Corps, hearing these words pronounced in squadron formation meant someone was going to be promoted or receive

special recognition for a job well done. If I may use the MTI AmeriTAC Annual Report as a substitute for the Squadron Formation, as TAC Chair, I have to say, “Well Done AmeriTAC!” and would like to offer special recognition of the events we accomplished this past year. Even in these difficult economic times, MTI continues true to its core of bringing value to its membership.

Over the past year, AmeriTAC hosted three training sessions: The Thermal Spray Seminar in Nashville, TN, and both The Nickel Alloy Seminar and the Asset Project Training class in Hollywood, Fl. All classes were well attended and should bring value to our companies with application of the knowledge gained. As a different means of training, MTI toured the Boeing aircraft assembly plants during the Seattle meeting.

Our Structured Forums for the AmeriTAC meetings brought valuable information to members on topics of Clad Metal Selection, the state of global PTFE supply, analysis of component stresses using specialty film, flex hose safety and the consequences of failure, learning how the aircraft industry approaches and deals with corrosion, and a session on Process Analysis and Controls in the Chemical Process Industry (CPI).

A total of 10 projects were approved by AmeriTAC over the year. A sampling of these projects cover topics such as stress corrosion cracking, tantalum weld evaluation, plastic repair welding, thermal properties of ceramic fiber insulation, global fiber reinforced plastic standards, and investigation of technologies that might be common outside of the CPI.

The forum and exchange, where members ask questions and the MTI membership responds with answers, remains strong. The AmeriTAC 106 had 58 questions, AmeriTAC 107 had 67 questions, and AmeriTAC 108 had 44 questions. As a regular user of the forum, I find this MTI medium to be one that helps bring value to my company by receiving fast, timely and useful answers for technical questions.

Other important milestones worth recognizing for AmeriTAC include: 1) The formation of the bylaws covering MTI Intellectual Property and patent rights, which will be voted on in the MTI October Members’ meeting, 2) guidelines to help mentor new project champions, and 3) the start of our journey to replace the old Roadmap with technical objectives for each of the Project Development Committees.

In closing, I would like to repeat, “Well done AmeriTAC.” It has been a pleasure being TAC Chair for the last two years. I would like to thank all of the MTI Members, excellent MTI Staff, and the Board for their help. If you have questions or suggestions that you would like to discuss please contact myself or the new incoming MTI AmeriTAC Chair, David Barber.

Robert J. Sinko AmeriTAC Chair

Report of the AmeriTAC Chair – Technical Advisory Council

8


After several years of fast growth and changes, MTI’s AsiaTAC organization has become relatively stable in 2011–12. During the annual conference in September 2011, 75 participants attended, representing 23 member companies, which is very similar to the number in previous conference (73 people,

representing 24 member companies).

Not only has the number become stable, but also the individuals are committing to MTI. Since the first AsiaTAC conference in 2007, there have been a lot of people–related changes. Some have resigned from their companies. Others found that their interests didn’t match with MTI’s mission; however, in the past two years, a lot of people have gradually recognized the real benefit of MTI and many have decided to continue to participate. This group of people has become the mainstream at MTI AsiaTAC and the basis of its stability. I cannot say the AsiaTAC is already a mature association now, but this kind of stability is a sign indicating that we are headed in the right direction.

Like last year, we organized two technical training classes this year for our members. Two–day sessions focusing on Fasteners (September 2011) and on Nickel–base Alloys (April 2012) were very successful, attracting more than 50 people for each class. So far, these training classes are bringing the biggest benefit for our members because most are still in the early stages of their careers and lack experience. The training classes, provided by industry experts, meet the needs of these members.

In addition to arranging training classes, we are also trying to bring benefits to our members in other ways. One important effort is the translation of MTI documents to Chinese / Japanese. Although many engineers in our member companies have basic English skills, they still find it inconvenient to read English technical documents on the MTI website. Therefore, we have established a project, which will provide solutions for these members.

We have also built connections with other major international associations, such as ASTM, NACE, and their local divisions in the Asia Pacific region. We have invited their representatives to attend our events and have arranged an MTI session at the regional NACE conference. We share/receive information and knowledge with / from these associations and make improvements all together.

Finally, we are planning to hold two annual meetings in 2013, one in Shanghai and a second in Japan. Two member companies, Asahi and Mitsui are providing strong support and leadership in arranging a new meeting in Japan. We expect this type of expansion will further strengthen our association and create more benefits for our members.

Henry Ye AsiaTAC Chair

Report of the AsiaTAC Chair – Technical Advisory Council

9


There are many times when analogies are made, and like many things in life, some of them work and some don’t, while some are more appropriate than others. While watching this year’s Olympic Games in London, I was struck by the similarities between MTI and the Olympics. Please don’t get me wrong, I

am not trying to suggest that MTI is a group of individuals that only meet once every 4 years to compete against each other — nothing could be farther from the truth.

The analogy that I wanted to make was that an Olympic athlete is a very talented individual, but when you put the right team around them, they can become world beaters! This is true for both team events and for individual athletes. In the case of the Olympics, the athletes’ “team” consists of the coach, the physiotherapist and any number of other roles that need to be dealt with so that the athlete can concentrate on the task in hand.

In the case of MTI, the individual members are also very talented individuals that can be helped by a “team” built up around them. The MTI team can be considered to be such things like (access to) a network, the communities, the technical documents, and the forum. Have a problem? No worries, the team will help. If it has not already solved the issue, then the team will actively go all out to find the solution.

A successful team can also adapt to changing situations. This year’s EuroTAC meeting for example, contained the usual mix of structured presentations and discussions, but with the addition of an open session. The floor was open to anyone who wanted to inform the team or just to ask questions. This session actually proved to be a breeding ground for discussions of a number of common issues, and these in turn, could eventually lead to potential projects that will benefit others. In other words, the team is suggesting how it can be improved. Now that is worth a Gold medal!

On behalf of everyone within EuroTAC, I would also like to take this opportunity to thank MTI Staff member Tony Scribner who will be retiring from the “team” at the end of the year. Over the past several years, Tony has tirelessly supported our activities in Europe and without him (as well as Emory Ford and the office staff in St. Louis), much less would have been achieved and the future of MTI in Europe would not have looked so promising. We will miss both his stories and his wealth of knowledge, but we also accept that a new phase is about to start and wish him well for the future. Like all successful teams, new talent is continually being recruited to replace those leaving, and Kirk Richardson is being eased into that role. Thanks Tony, and good luck Kirk!

Michael Turner EuroTAC Chair

Report of the EuroTAC Chair – Technical Advisory Council

10


This is a time of transitions for MTI. We will have three Directors retire by the end of 2013, we have started migrating to the new website with improved “social media” tools, and we have begun to further expand our presence globally. Staff changes are in the works — three directors are

retiring: Associate Director Tony Scribner will retire December 31, 2012, followed by Associate Director Barry Greene on March 31, 2013. I will retire on December 31, 2013.

MTI, under the direction of Kirk Richardson, is transitioning to our completely new website. One of the strengths of the website, as designed and hosted by MemberClicks, Inc., is improved social media tools. Social media is nothing new to MTI members. One of the main benefits of MTI membership has been, is, and will be the sharing of non–propriety technology among the members. We have used the TAC forum, audio and web meetings, and face–to–face meetings for years.

Early in our history, the members realized that one TAC meeting per year was not sufficient to identify and complete projects or to develop networks among their peers. We now have five TAC meetings per year: three in North America, one in Europe, and one in Asia. AsiaTAC has been active in China the last few years and is planning a second AsiaTAC 2013 meeting in Japan to better serve our members located in Japan.

Since our interactions are technical, short text messages are generally inadequate, but we are addressing communications between these live meetings with project team “committees” and “circles” (two social media features) as part of the new website. We are part of a small profession, and for a specialist to learn, he or she needs to interact with more experienced specialists even though there may not be any in their companies. MTI fills that void for member specialists who participate in project teams, forums, TAC meetings, and now with project teams moving onto new website.

All of these changes offer MTI growth opportunities. I’m excited about the new web site and its social communities, the second AsiaTAC Meeting, and all of the possibilities that we will have to add further value for our member companies in the year to come.

James M. Macki Executive Director

Executive Director’s Letter

11


ExxonMobil ChemicalBaytown, TexasB. J. Fitzgerald

Allegheny Technologies Incorporated

Pittsburgh, Pennsylvania J. F. Grubb

Ascend Performance Materials, LLCHouston, Texas

W. Paden

Air Products and Chemicals, Inc.

Allentown, PennsylvaniaJ. Hoffman

AkzoNobelAmsterdam, The Netherlands

E. R. Naylor

Albemarle CorporationBaton Rouge, Louisiana

H. T. Wells

Det Norske Veritas Dublin, OhioC. E. Jaske

ELLETT Industries Ltd.Port Coquitlam,

British Columbia, CanadaR. D. Gill

Engineers India LimitedNew Delhi, India

P. P. Lahiri

The Dow Chemical CompanyMidland, Michigan

E. L. Liening

DuPont CompanyWilmington, Delaware

S. P. Springer

Dow Corning CorporationMidland, Michigan

M. Cook

Eastman Chemical CompanyKingsport, Tennessee

G. S. Whittaker

BASF CorporationFlorham Park, New Jersey

B. McCurry

Electro Chemical Engineering and Manufacturing Co.

Emmaus, PennsylvaniaD. K. Heffner

Dynamic Materials CorporationBoulder, Colorado

J. Banker

Asahi Kasei CorporationToyko, JapanM. Nakahara

Air LiquideParis, France

J. Furtado

FMC CorporationPhiladelphia, Pennsylvania

S. Kesavan

Haldor Topsoe A / SLyngby, Denmark

M. J. L. Oestergaard

Haynes International, Inc.Kokomo, Indiana

P. E. Manning

Hellenic Petroleum S. A.Thessaloniki, Greece

I. A. Melas

Celanese CorporationDallas, TexasA. H. Rakhe

Bayer Technology Services GmbH

Leverkusen, GermanyK. Schweier

BPLondon, EnglandW. K. Blanchard

ConocoPhillips, Inc Houston, TexasD. R. McIntyre

Chevron Corporation Richmond, California

K. L. Ganschow

Becht Engineering Co., Inc.Liberty Corner, New Jersey

E. Chant

Corrosion MaterialsBaker, Louisiana

R. A. Muro

Member Companies & Designated Representatives

12


Lloyd’s Register Energy Americas, Inc.

Houston, TexasT. P. Munsterman

Nickel InstituteToronto, Ontario, Canada

G. Coates

Outokumpu, Inc.Itasca, IllinoisP-E. Arnvig

HoneywellMorristown, New Jersey

D. E. Kaye

Jiuli Hi-Tech MetalsHuzhou, Zhejiang, China

D. Lee

LyondellBasell IndustriesChannelview, Texas

K. Kirkham

Polycorp, Ltd.Elora, Ontario, Canada

D. Nolan

Suncor EnergyCalgary, Alberta, Canada

B. Tkachyk

Tricor Industrial, Inc.Wooster, OhioC. S. Young

P.A. Inc.Houston, Texas

O. Galloway

Praxair, Inc.Danbury, Connecticut

J. E. White

RathGibsonLincolnshire, Illinois

D. R. Moore

The Roberts CompanyWinterville, North Carolina

K. Bryan

RL IndustriesFairfield, Ohio

B. M. Linnemann

Roben Manufacturing, Inc.Lakewood, New Jersey

K. Wyrough

Mitsui Chemicals, Inc.Tokyo, JapanH. Matsuda

VictaulicEaston, Pennsylvania

M. J. Sewell

Webco Industries, Inc.Sand Springs, Oklahoma

W. G. Bieber

TOTAL SAParis, FranceF. Dupoiron

Syncrude Canada Ltd.Fort McMurray, Alberta, Canada

M. Anderson

Titanium Fabrication Corp.Fairfield, New Jersey

G. Dunn

Sandvik Materials TechnologySandviken, Sweden

M. Senatore

Rolled AlloysTemperance, Michigan

P. Whitcraft

SABICRiyadh, Saudi Arabia

H. Schrijen

Saudi International Petrochemical Company

Jubail Industrial City, Saudi ArabiaA. Biggs

Shell Global Solutions International B.V.

The Hague, The NetherlandsR. C. John

Sumitomo Metal Industries, Ltd.Tokyo, Japan

H. Anada

Schmidt+Clemens GmbH+Co KGLindlar, Germany

D. Jakobi

Quadrant Engineering Plastic Products

Reading, PennsylvaniaA. D. Rickert

13


Board of Directors

The Board of Directors, elected by the Member Representatives, manages the business of MTI. The four critical functions of the Board of Directors include planning, organization, leadership, and control.

Seated, Left to Right:

Robert Sinko, AmeriTAC Chair, Ex OfficioAssociate Materials EngineerEastman Chemical CompanyKingsport, Tennessee

Maria Jose Landeira Oestergaard, Vice-Chair BOD

Principal Engineer, Senior Materials SpecialistHaldor Topsoe A/SLyngby, Denmark

Edward R. Naylor, Chair BODSenior Materials Engineering Associate AkzoNobelAmsterdam, The Netherlands

Michael Turner, EuroTAC Chair, Ex OfficioSenior Consultant – Materials TechnologyAkzoNobelAmsterdam, The Netherlands

Standing, Left to Right:

Dale K. HeffnerVice PresidentElectro Chemical Engineering & Manufacturing Co. Emmaus, Pennsylvania

Steven P. SpringerSenior Consultant, Materials EngineeringDuPont CompanyWilmington, Delaware

Kelly E. WyroughTechnical Services/SalesRoben Manufacturing, Inc.Lakewood, New Jersey

Eugene L. LieningSenior Materials Engineering AssociateThe Dow Chemical CompanyMidland, Michigan

Eileen ChantManager of Technology Development & SupportBecht Engineering Co., Inc. Liberty Corner, New Jersey

David Barber, AmeriTAC Vice Chair, Ex Officio

Materials Engineering AssociateThe Dow Chemical CompanyMidland, Michigan

Not Pictured:

Paul E. ManningSenior Market Manager & MetallurgistHaynes International, Inc.Kokomo, Indiana

Srini Kesavan Principal EngineerFMC CorporationPhiladelphia, Pennsylvania

Paul K. WhitcraftDirector of Quality Safety & EngineeringRolled AlloysTemperance, Michigan

Henry Ye, AsiaTAC Chair, Ex OfficioMaterials Engineering ConsultantDuPont Engineering and Technology Wilmington, Delaware

14


Directors & St. Louis Staff

Seated Left to Right:

Barry GreeneAssociate Director

Tony ScribnerAssociate Director

Debby EhretOperations Director

James MackiExecutive Director

Emory FordAssociate Director

Bill WatkinsAssociate Director

Kirk RichardsonAssociate Director

Katherine ReineckeAdministrative Assistant

Standing Left to Right:

Heather StineAssociate Director

Jesse ChenAssociate Director

Lori ElginAdministrative Assistant

15


The Technical Advisory Councils, composed of one representative of each member company, solicit project ideas, define projects, and recommend projects for approval by the Board of Directors.

Robert J. Sinko, AmeriTAC Chair 1, 2, 3

Associate Materials EngineerEastman Chemical Company

David Barber, AmeriTAC Vice Chair 1

Materials Engineering AssociateThe Dow Chemical Company

Henry Ye, AsiaTAC Chair 2

Materials Engineering ConsultantDuPont Engineering and Technology

Albrecht Girgensohn, AsiaTAC Vice Chair 2

Head of Asset Life Cycle Management Asset Life Cycle Management GroupBayer Technology and Engineering (Shanghai) Co., Ltd.

Michael Turner, EuroTAC Chair 3

Senior Consultant –Materials TechnologyAkzoNobel

Natalie Gelder, EuroTAC Vice Chair 3

Materials Engineer Technical Inspection & Materials Engineering Engineering & Maintenance BASF Corporation

Hiro Anada 1

Manager of Technical ServiceSumitomo Metal Industries, Ltd.

Michael J. Anderson 1, 2, 3

Area Leader – Materials, Inspection & Engineering ServicesSyncrude Canada, Ltd.

Poul-Erik Arnvig 1, 3

Vice President Market DevelopmentOutokumpu Stainless – North America

William G. Bieber 2, 3

General ManagerWebco Industries, Inc.

Albert Biggs 1, 2, 3

General Manager Operational ExcellenceSaudi International Petrochemical Company

Michael Blakely 1, 3

Director of Market DeveopmentDynamic Materials Corporation

W. Keith Blanchard 1

Senior Corrosion/Materials AdvisorBP

Paul Bosanko 3

CPI Market Manager EuropeHaynes International, Inc.

Clive Breeden 3

Senior Corrosion / Materials AdvisorBP

Gregor Bueche 3

Europe Linings Sales ManagerQuadrant Engineering Plastic Products

Eileen Chant 1, 2, 3

Manager of Technology Development & SupportBecht Engineering Co., Inc.

Dior Chen 2

Sales EngineerHaynes International, Inc.

Daniel D. Christian 3

Director–Power Market SalesEurope–Middle East–IndiaVictaulic

Gary Coates 1

ConsultantNickel Institute

Marc Cook 1, 3

Reliability EngineerDow Corning Corporation

Peter Cutler 3

Director PromotionsNickel Institute

Vinay P. Deodeshmukh 1

Senior Staff EngineerHaynes International, Inc.

François Dupoiron 1, 2, 3

Materials and Corrosion ExpertTOTAL Petrochemicals

Hasse Eriksson 3

Global Product Certification ManagerDet Norske Veritas

Milton Eshelman 1, 2, 3

Senior Design EngineerThe Roberts Company

Brian J. Fitzgerald 1, 2, 3

Senior Engineering AssociateExxonMobil Chemical

Jader Furtado 1, 2, 3

Expert–R&D: Physical MetallurgyAir Liquide

Otis Galloway 1, 2, 3

PresidentP.A., Inc.

Kevin L. Ganschow 1, 2, 3

Materials EngineerChevron Corporation

Robert D. Gill 1, 2, 3

Vice President, SalesELLETT Industries Ltd.

John F. Grub 1, 2, 3

Manager Product Technology – DevelopmentAllegheny Technologies Incorporated

Rao Guangbin 2

Materials Engineering & Technical InspectionBASF Corporation

Dale K. Heffner 1, 2, 3

Vice PresidentElectro Chemical Engineering & Manufacturing Co.

Mark P. Hilton 1, 2, 3

Engineering Fellow Materials – CorrosionAscend Performance Materials, LLC

Dragon Ho 2

Technical MarketingSandvik Materials Technology

John J. Hoffman 1, 3

Materials Engineering Community LeadAir Products & Chemicals, Inc.

Dietlinde Jakobi 1, 2, 3

General Manager – Research & Development Services Centrifugal Casting DivisionSchmidt + Clemens GmbH + Co KG

Carl E. Jaske 1

Senior Principal EngineerDet Norske Veritas (USA), Inc.

Randy C. John 1

Principal Research Engineer Projects and Technology IR&DShell Global Solutions International B.V.

Dan E. Kaye 1, 2, 3

Staff Engineer – ReliabilityHoneywell

Srini Kesavan 1, 2, 3

Principal EngineerFMC Corporation

Yong Joo Kim 1

Vice President TechnologyWebco Industries, Inc.

Ken Kirkham 1, 2, 3

Senior AdvisorLyondellBasell Industries

Technical Advisory Councils

16


Rocky Kuykendall 1, 2, 3

Vice President of EngineeringTitanium Fabrication Corp.

P. P. Lahiri 1, 2, 3

General ManagerEngineers India Limited

Denny Lee 2 Deputy General ManagerJiuli Hi-Tech Metals

John Leonard 1 Sales DirectorJiuli USA Inc.

Zhou Ling 2

PCE Engineering SpecialistThe Dow Chemical Company

Jan Links 3

Senior Materials SpecialistThe Dow Chemical Company

Brian M. Linnemann 1, 2, 3

Engineering ManagerRL Industries, Inc.

Deepak C. Mahadeshwar 2

Mechanical EngineerShell Global Solutions International B.V.

Hiroyasu Matsuda 1, 2, 3

Director, Production & Technology CenterMitsui Chemicals, Inc.

Satoshi “Toshi” Matsumoto 2

Manager of Technical ServiceSumitomo Metal Industries, Ltd.

Ben McCurry 1

Materials & Inspection EngineerBASF Corporation

Dale R. McIntyre 1, 2, 3

Consultant MetallurgyConocoPhillips, Inc.

Ioannis Melas 1, 2, 3

Metallurgical Engineer, Inspection DepartmentHellenic Petroleum S. A.

Dallas R. Moore 1, 2, 3

Consultant & Management ResourceRathGibson

Tim Munsterman 1, 2, 3

Technology Director / EngineeringLloyd’s Register Energy Americas, Inc.

Masao Nakahara 1, 2, 3

General ManagerAsahi Kasei Corporation

Edward R. Naylor 1

Senior Materials Engineering Associate AkzoNobel

Pietro Netto 3

Business DevelopmentSandvik Materials Technology

Hidenori Ogawa 3

Technical ManagerSumitomo Metal Industries, Ltd.

Maria Jose Landeira Oestergaard 1, 2, 3

Principal Engineer, Senior Materials SpecialistHaldor Topsoe A/S

Ruben Parga 1, 2, 3

Technical Sales Engineer, MetallurgyCorrosion Materials

Stephane Pauly 2

Business Development ManagerDynamic Materials Corporation

Shuo Peng 2

Manager, Asia R&D CenterVictaulic

Ashok H. Rakhe 1, 2, 3

Fellow EngineerCelanese Corporation

Adam D. Rickert 1

Application Development ManagerQuadrant Engineering Plastic Products

Bernhard Rijpkema 2

Senior Consultant – Polymeric MaterialsAkzoNobel

Harry Schrijen 1, 2, 3

Advisor Material & Welding Manufacturing Competence CenterSABIC

Zach Schulz 1, 2, 3

Applications EngineerRolled Alloys

Knuth Schweier 1, 3

Head Corrosion & Inspection Management DepartmentBayer Technology Services GmbH

Marcelo Senatore 1

Technical Marketing ManagerSandvik Materials Technology

Mark J. Sewell 1

Manager of Engineering Materials TechnologyVictaulic

Steven P. Springer 1

Senior Consultant, Materials EngineeringDuPont Company

Chang-Ching Sun 2

Local Sector Head, End Users & ProjectsOutokumpu Asia Pacific Ltd.

Peiwu Sun 2

Mechanical Integrity Team LeaderDow Corning Corporation

Brian Tkachyk 1, 2, 3

Maintenance and Reliability ServicesSuncor Energy

Johan van Roij 3

Senior Materials and Corrosion EngineerShell Global Solutions International B.V.

Yunxiang (Winnie) Wang 2

Senior Materials / Corrosion EngineerBP

Hardin T. Wells 1, 2, 3

Sr. Advisor – Mechanical Tech ServiceAlbemarle Corporation

James E. White 1, 2, 3

Associate DirectorPraxair, Inc.

Kelly Wyrough 1, 2, 3

Technical Services/SalesRoben Manufacturing, Inc.

Zha Xiaochun 3

ManagerJiuli Europe Office

Ryan Yang 2

Materials Engineer, AsiaAir Products & Chemicals, Inc.

Daniel Yiptong 1, 2, 3

Materials and Process Engineering ManagerPolycorp Ltd.

Orson Yong 2

Application Development ManagerQuadrant Engineering Plastic Products

Chuck S. Young 1, 2, 3

Business Development ManagerTricor Industrial, Inc.

Li Zhang 2

Principal Engineer / Head of SectionDet Norske Veritas

Licheng Zhang 2

Managing Director ChinaNickel Institute

1 AmeriTAC 2 AsiaTAC 3 EuroTAC

17


MTI 使命宣言

材料技术协会致力于提供领导全球的材料技术,通过提高安全性,可靠性,可持续性,和经济性,使得各会员公司的资产效能得到最大化.

MTI Mission in Simplified Chinese

MTI 使命宣言

材料技術協會致力於提供領導全球的材料技術,通過提高安全性,可靠性,可持續性,和經濟性,使得各會員公司的資產效能得到最大化.

MTI Mission in Traditional Chinese

MTI（材料技術研究協会）のミッション

MTIは、企業の安全性、信頼性、持続性および利益性の改善を図るために、材料技術分野において世界的なリーダーシップを発揮し、会員企業の資産価値を最大化します.

MTI Mission in Japanese


18

Funded Projects in Chinese

正在进行及已完成的项目

RBI 培训以改善设备检验策略 (218-12) 这个项目的目的在于提高MTI成员公司对RBI 技术的认识并改进设备检验策略。这种培训将侧重于 RBI 技术概念和应用的概述,但亦会讨论一些理论和软件应用等其他主题。该项目的主题内容包含如下: • RBI 方法基本的技术及标准简介 • 一般性及最普遍的化工加工行业方面的应用 • 生产型企业使用RBI的实际收益 • BRI实施方案 • RBI的局限性这个培训项目将在2012 AsiaTAC 年会时举行。


19

培训班及教学讲座 (注: 下列为已经完成的AsiaTAC项目)

玻璃钢检验培训计划 (185-08)许多 MTI 成员公司意识到合格的玻璃钢设备检验员之必要性, 尤其在中国大陆特别需要。此外也需要专门检验在用玻璃钢设备的合格检验员。因此很有必要制订一个培训项目来加强 FRP 设备制造商和在用设备的检验员的技术能力。目前并没有已知的国际机构在中国提供这种培训。这一项目的主要目标是制定一个完整的培训计划，提供关于新的玻璃钢管道和设备的检验技术培训。次要目标为针对在用设备的检验员制定培训方案。2008 年首次培训班已在上海举行，第二次培训2011 年在香港举行。

搪玻璃培训课程(195-09) 中国生产的搪玻璃设备使用经验差异很大。一些设备质量可媲美世界任何地区的产品,而有些则只适用于非关键或短期应用。这种差异的原因并不明显。有可能与衬里钢材质量、使用的玻璃质量、生产这些设备人员的技巧或质量管理过程等有关。此一MTI项目的制定是为了确定这种差异的原因，并指导用户公司关于避免出现这些问题的最佳方案。如下所示此项目团队的三个目标是: • 收集设备失效数据 • 比较 ASME 和 GB 规格 • 制定为期两天的搪玻璃培训 2010 年 4 月MTI在上海举行了为期两天的培训课程

螺栓技术 (207-11) 这个项目的目的仍是为亚太地区 MTI 成员公司制定并提供紧固件质量控制培训课程。紧固件故障往往导致化学品外溢,意外停车,经济损失、环境污染、或甚至工伤。然而，会员公司已经认识到，在中国制造的紧固件的质量往往不能满足 MTI 会员公司的要求。其中一个原因是中国紧固件生产厂商并不完全了解 MTI 会员公司的要求。另一个原因可能是我们的会员并不十分了解这类产品，因此没有制订正确的采购要求。有些会员公司甚至可能缺乏对检查和维护这类产品的基本知识。因此,MTI AsiaTAC 相信，针对会员公司和紧固件生产厂商提供一个培训课程是很有必要的。这一项目的目标是: • 提供MTI 成员公司和中国紧固件制造商培训课程，以传授关于采购、规格制定及紧固件加工要求

等方面正确的基本规范。 • 教育紧固件生产厂商对国际化学和石油化工生产者工厂操作安全方面强制性要求的理解。作为该项目的成果,MTI 在 2011 年 9 月在上海对会员和非会员公司成员进行了紧固件培训课程。

Training Classes & Educational Seminars in Chinese


20

待开展的项目

中国国标(GB)材料论坛 (nk)本项目的目标是提供关于中国国家技术标准(GB)的英文翻译。本项目将着重于在使用GB 标准的化工结构材料时所带来一些具体问题,其中包括成员公司感兴趣的金属和其他工程材料,如碳钢、不锈钢、镍、钴、钛基合金、塑料及复合材料等。这也可能包括不是根据 GB 标准,但在中国普遍使用的材料。项目团队将制定电子论坛平台的初始内容并根据需要来维护或修改。

将先进的关于设备可靠性的原则和工具引入到中国 (pu) 为了提高设备可靠性, 项目团队计划制订一个技术交流平台来介绍/更新/共享关于设备可靠性的原则和工具。这一项目的目标是: • 由具有专长的机构,提供先进可靠性原则的进修培训 • 组织可靠性工具供货商产品介绍 • 提供 MTI 成员定期讲习班

制订技术培训课程，提供关于在用设备状态评估(FFS)的最新技术 (py) 本项目团队计划协助会员公司了解最先进的 FFS 技术并提高工厂设备的机械完整性。这一项目的目标是: • 提供完整的技术说明 • 帮助参与者了解使用FFS 评估必要的信息 • 在亚太区推动 FFS 技术在设备修理、更换、重新设计, 或重新评估决定过程上的使用

中国镍合金培训和相关活动 (pz) 本项目计划在中国促进镍合金的培训及相关活动。镍合金培训研讨会已于2012 年10-11 日在中国上海举行。除了在 AmeriTAC 中介绍过的主题外,本次培训还加入了久立高科技金属公司朱晓风先生作了题为”概述中国供应高端制造产业的镍合金”的报告。此外为了提高会员公司对镍合金的性能、加工方法、应用和供需情况的理解,本项目将开发更多的项目以帮助会员公司。

MTI文档的中文翻译 (qa)MTI成员需要培训那些英语不十分流利的中国雇员。这些员工由于语言问题往往没有意识到通过 MTI可以得到许多技术支持。因此很多MTI会员要求开发一个项目，把一些重要的MTI 文档翻译成中文。这一项目的目标是: • 确定需要翻译成中文的MTI文档并考虑其优

先次序 • 制定预算来资助这些翻译工作 • 完成这些翻译工作

Potential Projects in Chinese


21

Financial Statements – June 30, 2012 & June 30, 2011

22

STATEMENTS OF ACTIVITIES

June 30, 2012 2011UNRESTRICTED NET ASSETS Revenues Membership dues $ 1,601,370 $ 1,526,352 Interest 72,412 93,700 Publication income 46,525 29,728 Meeting fees 33,160 27,535 Investment loss 16,256 1,674 Total Support and Revenue 1,737,211 1,677,641

Expenses Projects 693,604 740,203 Salaries 546,832 432,546 Meeting expenses 134,808 124,548 Travel 123,510 87,299 Payroll taxes 71,350 57,505 Membership development & retention 39,021 46,662 China operations 37,301 32,697 Office supplies 36,855 31,708 Retirement plan contributions 35,680 33,636 Insurance 35,618 32,336 Telephone & communications 34,859 37,294 Professional services 29,500 31,075 Postage 22,201 10,603 Rent 20,768 26,369 Cost of publications 14,433 14,740 Depreciation 13,090 9,597 Printing 3,708 9,288 Taxes and licenses 379 472 Loss on asset retirement — 217 Total Expense 1,893,517 1,758,795 Total Decrease in Net Assets 156,306 81,154 Net Assets, Beginning of Year as Previously Presented 2,274,088 2,368,395 Prior Period Adjustment — 13,153 Net Assets, Beginning of Year as Restated 2,274,088 2,355,242 Net Assets, End of Year $ 2,117,782 $ 2,274,088

See accompanying notes to financial statements.

STATEMENTS OF FINANCIAL POSITION

ASSETS June 30, 2012 2011CURRENT ASSETS Cash and cash equivalents $ 675,635 $ 385,730 Certificates of deposit 2,182,168 2,457,575 Accounts receivable — 87,839 Accrued interest receivable 18,982 23,333 Publications inventory 108,412 89,978 Prepaids and deposits 30,154 6,779 Total Current Assets 3,015,351 3,051,234

PROPERTY AND EQUIPMENT Office equipment at cost 118,088 104,914 Less accumulated depreciation 65,034 72,648 Total Property and Equipment, Net 53,054 32,266

TOTAL ASSETS $ 3,068,405 $ 3,083,500

LIABILITIES AND NET ASSETS

CURRENT LIABILITIES Accounts payable and accrued liabilities $ 121,273 $ 43,212 Defrred Income 829,350 766,200 Total Current Liabilities 950,623 809,412

NET ASSETS Unrestricted 2,117,782 2,274,088

TOTAL LIABILITIES AND NET ASSETS $ 3,068,405 $ 3,083,500

See accompanying notes to financial statements.( )

( )

( )

( )( )


STATEMENTS OF CASH FLOWS

Year EndedJune 30, 2012 2011Cash Flows from Operating Activities Change in net assets $ 156,306 81,154 Adjustments Depreciation 13,090 9,597 Change in fair value of investments 21,407 1,674 Increase (decrease) in reserve for inventory obsolescence 5,444 13,698 (Increase) decrease in assets Accounts receivable 87,839 50,039 Prepaid Expenses 23,375 35,155 Other receivables 4,351 5,828 Publication inventory 12,990 3,709 Increase (decrease) in liabilities Accounts payable 78,061 51,096 Deferred revenues 63,150 6,850 Net Cash Provided (Used) by Operating Activities 69,783 105,778Cash Flows from Investing Activities Purcahse of property and equipment 33,878 29,903 Loss in asset retirement — 217 Redemption of certificates of deposit 504,000 831,000 Purcahse of certificates of deposit 250,000 650,000 Net Cash Provided by Investing Activities 220,122 151,314 Net Increase in Cash and Cash Equivalents 289,905 45,536 Cash and Cash Equivalets, Beginning of Year 385,730 340,194 Cash and Cash Equivalents, End of Year $ 675,635 $ 385,730

See accompanying notes to financial statements.

Independent Auditors’ Report

Board of DirectorsMaterials Technology Institute, Inc.

We have audited the accompanying statements of financial position of the Materials Technology Institute, Inc. (the Organization) as of June 30, 2012 and 2011, and the related statements of activities and cash flows for the years then ended. These financial statements are the responsibility of the Organization’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Organization’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Materials Technology Institute, Inc. as of June 30, 2012 and 2011, and the changes in its net assets and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Kiefer Bonfanti & Co. LLPSt. Louis, MOSeptember 5, 2012

23

( )( )

( )

( )( )

( )

( )

( )

( )( )

( )( )


Notes to Financial Statements – June 30, 2011 & June 30, 20111) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The summary of significant accounting policies is presented to assist in understanding the Organization’s financial statements. These accounting policies have been consistently applied in the preparation of the financial statements.

Organization: The Organization was incorporated under the name Materials Technology Institute of the Chemical Process Industries, Inc. on December 13, 1976 pursuant to the laws of the State of New York as a tax exempt organization under the Internal Revenue Service Code Section 501(c)(6) to engage principally in the business of sponsoring research projects for the chemical process industries. Effective December 4, 2003, the Organization changed its name to Materials Technology Institute, Inc. The member companies are located in various countries.

Basis of Accounting: The financial statements of the Association have been prepared on the accrual basis of accounting.

Use of Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Financial Statement Presentation: A description of the three net asset categories follows:

Unrestricted Net Assets — Includes resources available for the support of operations, which have no donor–imposed restrictions.

Temporarily Restricted Net Assets — Includes resources for which donor–imposed restrictions have not been met.

Permanently Restricted Net Assets — Includes resources for which donor–imposed restrictions are permanent.

There were no temporarily or permanently restricted net assets at June 30, 2012 and 2011.

Cash and Cash Equivalents: The Organization considers all highly liquid investments with an initial maturity of twelve months or less when purchased to be cash equivalents.

Investments: The Organization’s Board of Directors maintains a policy of limiting its investments to certificates of deposits with maturities of one year or longer. Investments are presented in the statements of financial position at fair value. Unrealized gains and losses are included in the change in net assets in the accompanying statements of activities.

Property and Equipment: Property and equipment are stated at cost, or fair market value if donated, less accumulated depreciation. Depreciation is pro-vided on the straight–line method over the following estimated useful lives.

Office equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 – 7 years

Depreciation expense for the years ended June 30, 2012 and 2011 was $13,090 and $9,597, respectively.

Expenditures over $1,000 for purchases and for major renewals and betterments that extend the useful lives of property and equipment are capitalized. Expenditures for repairs and maintenance are charged to expense as incurred.

Revenue Recognition and Deferred Income: Revenue is recognized in the period the income is earned. Membership income is typically received in advance. Accordingly, membership income is earned ratably over the period, with the unearned portion shown as deferred income at the date of the Statement of Financial Position.

Inventories: The Organization maintains an inventory of publications which report the results of its research projects. Direct costs of editing and production are capitalized and a unit value is established for each

publication. Inventories are stated at the lower of cost or market with cost being determined by the first–in, first–out method. Organization management has ascertained that the inventory of publications is subject to obsolescence due to advances in technology and other factors affecting the industries it serves. Accordingly, management has elected to establish a reserve for obsolescence with respect to ascertaining the realizable fair market value of its publications.

Accounts Receivable: Accounts receivable are stated at the amount management expects to collect from balances outstanding at year end. Management of the Organization evaluates the collectability of individual accounts. At June 30, 2012 and 2011, the Organization determined that accounts receivable balances are fully collectible, and therefore, a valuation allowance is not considered necessary.

Income Taxes: The Organization is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code.

Financial accounting standards for uncertain tax positions prohibit financial statement recognition of the impact of a tax position if the position is not “more likely than not” to be sustained on audit, based on the technical merits of the position. The standards also provide guidance on measurement, recognition, classification, transition, and disclosure requirements for uncertain tax positions. The Organization’s federal Form 990 for tax years 2009 and later remain subject to examination by taxing authorities.

Subsequent Events: The Company has evaluated subsequent events through September 5, 2012, the date which the financial statements were available to be issued, for possible additional recognition or disclosure.

2) INVENTORIES

Inventories at June 30, 2012 and 2011 consisted of the following:

Year Ended June 30, 2012 2011 Finished publication inventory $ 179,830 $ 166,849 Less reserve for obsolescence 71,418 76,862 Total Inventories $ 108,412 $ 89,978

3) CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject the Organization to concentrations of credit risk consist principally of temporary cash investments. The Organization places its temporary cash and long term investments with financial institutions and limits the amount of credit exposure to any one financial institution. As of June 30, 2012, the Organization’s temporary cash and certificates of deposit were within insured limits.

4) FAIR VALUE MEASUREMENTS

Financial Accounting Standards establish a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy under the standards are described as follows:

Level 1 Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets.

Level 2 Inputs to the valuation methodology include:

• Quotedpricesforsimilarassetsorliabilitiesinactivemarkets;

• Quotedpricesforidenticalorsimilarassetsorliabilitiesininactive markets;

• Inputsotherthanquotedpricesthatareobservablefortheassetor liability;

24

• Inputsthatarederivedprincipallyfromorcorroboratedbyobservable market data by correlation or other means.

If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 Inputs to the valuation methodology are significant, unobservable inputs.

The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

The inputs or methodologies used for valuing investments may not be an indication of the risk associated with investing in those securities. Investments in collective investment funds are valued at the net asset value per unit on the valuation date. Furthermore, the Organization believes its valuation methods are appropriate and consistent. The use of different methodologies or assumptions could result in a different fair value measurement at the reporting date.

The Organization values all investments based on level 1 inputs.

5) EMPLOYEE BENEFIT PLAN

The Organization maintains a qualified savings plan under Internal Revenue Code section 401(k) for employees who meet certain age and length of service requirements. Subject to statutory limits, qualifying employees may elect to defer a portion of their salary. The Organization currently matches 100% of the employee deferrals not to exceed 5% of compensation. Matching contributions were $35,680 and $33,636 for the years ended June 30, 2012 and 2011, respectively.

6) OPERATING LEASES

As of June 30, 2012, the Organization leases its office facilities and certain office equipment under non–cancelable operating leases for which expire between June 2015 and June 2017. The future minimum lease payments under the leases are as follows:

Years Ending June 30, Amount 2012 $ 26,174 2013 3,398 2014 3,398 2015 3,398 Total Future Minimum Lease Payments $ 36,368

Leasing expense for office facilities and for office equipment was $22,776 and $3,637, respectively, for the year ended June 30, 2012 and $22,192 and $3,398, respectively, for the year ended June 30, 2011.

7) COMMITMENTS

As of June 30, 2012, the Organization is a party to several research projects requiring estimated payments of approximately $1,242,446 over the remaining life of the existing projects.

8) FOREIGN ACCOUNTS

The Organization has contracted MCI Group to perform administrative functions and to oversee the financial operations in China. These functions include management of a Chinese bank account that is held to conduct financial transactions in the local currency. The balance of this account at June 30, 2012 was $3,743 and is reflected in the financial statements.

Schedule of Annual Membership Dues for 2013Annual Sales Year 2013(US$ Billions) Dues – US$< 0.2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 11,4000.2 – 0.4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 15,7000.4 – 0.8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 19,9000.8 – 1.5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 24,2001.5 – 3.0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 28,5003.0 – 6.0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 32,8006.0 – 12.0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 37,00012 – 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 41,30025 – 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 45,60050 – 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 49,900100 – 200 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 54,200200 – 400 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 58,500400 – 800 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 62,700800 – 1,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 67,000

Basis for Assessing Company’s Membership DuesDues for membership are generally based upon the total sales of the member company and its affiliates. Dues for specific classes of members are as follows:

Dues for members will be determined from the established dues schedule and will be calculated on the basis of the most recent audited Corporate sales. For privately held corporations, the total corporate sales of the units must be certified by an officer.

The Board of Directors may make exceptions to this policy in cases where, in its judgment, the affiliates of the applicant, even though they are related to the chemical processing industry, cannot reasonably be expected to benefit from the membership in MTI.

Association memberships will be considered on a case–by–case basis, with regard to acceptance, dues levels, and conditions of membership.

Graphic Design: O’Neal Design, St. Louis, Missouri

25

Materials Technology Institute, Inc.1215 Fern Ridge Parkway • Suite 206 • St. Louis, Missouri 63141–4408 U.S.A.

Tel: 314.576.7712 • Fax: 314.576.6078E–mail: mtiadmin@mti–global.org • Home Page: mti.memberclicks.net

About Materials Technology InstituteThe Materials Technology Institute, founded in 1977, is a unique, not–for–profit technology development organization representing private industry. It sponsors projects focused on both developing new technology and transferring existing knowledge to day–to–day practice. Practical, generic, nonproprietary studies are conducted on the selection, design, fabrication, testing, inspection, and performance of materials of construction used in the process industries. The scope of work includes evaluation of metallic, and non–metallic materials, optimum design applications, fitness–for–service, mechanical integrity and life cycle determinations, and economic factors affecting performance of vessels, tanks, piping and other components.

Through membership and networking within MTI, companies can access solutions to nonproprietary problems of major concern to the process industries. Members can capitalize on the extensive expertise of member company representatives, leverage their technology investment by participating in the direction and results of MTI projects, and utilize MTI’s books, reports, software and video training programs immediately as needed. Benefits to member companies are increased plant integrity, reliability and profitability.

Date post:	26-Mar-2018
Category:	Documents
Upload:	duongdieu
View:	223 times
Download:	2 times

The Power of Community - · PDF filebest–selling books addresses mothballing chemical...

Documents