Flowserve FLS = BWF + DURI flow management Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Flowserve FLS = BWF + DURI flow management

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: JakeStraw	6/16/2009 8:22:32 AM
	of 33

Flowserve Announces $18.4 Million in Pump Orders to Support Plangas Initiative for Petrobras in Brazil finance.yahoo.com Tuesday June 16, 2009, 7:30 am EDT DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its Brazilian subsidiary has received several related orders worth a total $18.4 million (USD) from Brazil’s Petrobras, the seventh largest oil company in the world. These orders combined represent the largest single job Flowserve has received in Brazil, and were booked in previous quarters. Flowserve received orders for vertical wet pit and vertical canned pumps, which will be used to load petroleum onto bulk stations and terminals at two ports in the Brazilian cities of Rio de Janeiro and Vitoria. The orders support Petrobras’ Plangas initiative, which is the company’s plan to increase Brazilian gas production capability by three to five percent by 2010. “Petrobras and Flowserve have enjoyed a very strong relationship for a number of years, and we worked closely together early in the project to ensure we had the right equipment to meet Petrobras’ needs,” said Tom Ferguson, Flowserve Pump Division President. “Latin America is an extremely important region for Flowserve, and we’ve made strategic investments in Brazil and in our Rio de Janeiro facility to support this growing area.” The Flowserve Rio de Janeiro and Taneytown facilities will work together to deliver the pumps to Petrobras. The Rio de Janeiro facility will manufacture all fabricated parts and supply electric motors locally.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next