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Non-Tech : Emerson (EMR) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (9)	7/2/2002 9:00:07 AM
From: JakeStraw	Read Replies (1) \| Respond to of 105

ChevronTexaco, Emerson Sign Global Purchase Agreement Emerson Control Valves and Other Instrumentation Involved in Comprehensive Three-Year Supply Agreement biz.yahoo.com AUSTIN, Texas--(BUSINESS WIRE)--July 2, 2002--Emerson Process Management, an Emerson (NYSE: EMR) business, today announced the signing of a three-year master agreement with ChevronTexaco Corp. (NYSE: CVX) for the purchase of Emerson control valves for ChevronTexaco facilities worldwide. Control valves are used to regulate the flow of liquids and gases in manufacturing operations. Emerson estimates the agreement is worth more than $20 million a year. The agreement also involves other Emerson brands of products and services including Fisher-Rosemount Systems; Rosemount® instruments; Micro Motion® flowmeters; Rosemount Analytical instrumentation; Daniel® measurement systems; and Emerson Process Automation and Asset Optimization services. The agreement applies to all ChevronTexaco operating units and other entities in which ChevronTexaco has at least a 50 percent ownership. John Berra, executive vice president of Emerson with responsibility for the process management business, noted that the ChevronTexaco agreement is unique in that it involves so many Emerson divisions. "For the past several years, we've been tightly integrating our divisions so we can better serve our customers. Through this agreement, with Fisher Controls taking a leading role, ChevronTexaco will be able to look to us to efficiently meet all of their control valve needs," said Berra. "We look forward to working with ChevronTexaco to help them achieve superior operating results