Flowserve Secures $18 Million in Orders for Peruvian Refinery Upgrade
(Thomson Reuters ONE) -
More Than Seven Types of Flowserve Pumps to be Installed in Petroperú Talara
Refinery
DALLAS, May 20, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of
flow control products and services for the global infrastructure markets,
announced today its operations in Rio de Janeiro and Lawrence, Massachusetts,
have received orders totaling approximately $18 million (USD) for pumping
systems for the Petroperú Talara refinery in Piura, Peru. The orders were booked
in the fourth quarter of 2014.
The project, led by Spanish-based contractor Técnicas Reunidas, will modernize
the Talara refinery and allow it to produce gasoline and diesel fuels that
adhere to new Peruvian environmental standards. It is the first major pump
installment in the refinery since the 1970s.
Flowserve received orders for horizontal overhung process pumps (OH2 and OH3)
and horizontal between-bearing pumps (BB1, BB2 and BB3).
"Flowserve's success on this major refining project in Latin America highlights
several key attributes of the company," said Jim Quain, president, Flowserve
Sales Organization. "Flowserve's broad product portfolio, including the
specialized Flowserve Lawrence brand pumps, allowed us to meet the overall needs
and harsh conditions of this project. Additionally, the ability to leverage our
global base and to manufacture the majority of the pumps in Latin America were
important factors for the end user. And the coverage of both the Peruvian
refinery and the contractor in Spain shows the strength and reach of Flowserve's
global sales team."
The Flowserve Rio de Janeiro and Lawrence facilities will work together to
deliver the equipment to Petroperú. Local support will be provided by the
Flowserve Quick Response Center located in Lima, Peru.
Flowserve Contacts
Investor Contacts:
Jay Roueche, vice president, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, director, Investor Relations, (972) 443-6636
Media Contacts:
Lars Rosene, vice president, Global Communications and Public Affairs, (972)
443-6644
Amy Allen, manager, Global Communications and Public Affairs, (972) 443-6501
About Flowserve: Flowserve Corporation is one of the world's leading providers
of fluid motion and control products and services. Operating in more than 55
countries, the company produces engineered and industrial pumps, seals and
valves as well as a range of related flow management services. More information
about Flowserve can be obtained by visiting the company's website at
www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, which are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995, as
amended. Words or phrases such as, "may," "should," "expects," "could,"
"intends," "plans," "anticipates," "estimates," "believes," "forecasts,"
"predicts" or other similar expressions are intended to identify forward-looking
statements, which include, without limitation, earnings forecasts, statements
relating to our business strategy and statements of expectations, beliefs,
future plans and strategies and anticipated developments concerning our
industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our
current expectations, projections, estimates and assumptions. These statements
are only predictions, not guarantees. Such forward-looking statements are
subject to numerous risks and uncertainties that are difficult to predict.
These risks and uncertainties may cause actual results to differ materially
from what is forecast in such forward-looking statements, and include, without
limitation, the following: a portion of our bookings may not lead to completed
sales, and our ability to convert bookings into revenues at acceptable profit
margins; changes in the global financial markets and the availability of capital
and the potential for unexpected cancellations or delays of customer orders in
our reported backlog; our dependence on our customers' ability to make required
capital investment and maintenance expenditures; risks associated with cost
overruns on fixed-fee projects and in taking customer orders for large complex
custom engineered products; the substantial dependence of our sales on the
success of the oil and gas, chemical, power generation and water management
industries; the adverse impact of volatile raw materials prices on our products
and operating margins; our ability to execute and realize the expected financial
benefits from our strategic realignment initiatives; economic, political and
other risks associated with our international operations, including military
actions or trade embargoes that could affect customer markets, particularly
Middle Eastern markets and global oil and gas producers, and non-compliance with
U.S. export/re-export control, foreign corrupt practice laws, economic sanctions
and import laws and regulations; our exposure to fluctuations in foreign
currency exchange rates, including in hyperinflationary countries such as
Venezuela; our furnishing of products and services to nuclear power plant
facilities; potential adverse consequences resulting from litigation to which we
are a party, such as litigation involving asbestos-containing material claims; a
foreign government investigation regarding our participation in the United
Nations Oil-for-Food Program; expectations regarding acquisitions and the
integration of acquired businesses; our foreign subsidiaries autonomously
conducting limited business operations and sales in certain countries identified
by the U.S. State Department as state sponsors of terrorism; our relative
geographical profitability and its impact on our utilization of deferred tax
assets, including foreign tax credits; the potential adverse impact of an
impairment in the carrying value of goodwill or other intangible assets; our
dependence upon third-party suppliers whose failure to perform timely could
adversely affect our business operations; the highly competitive nature of the
markets in which we operate; environmental compliance costs and liabilities;
potential work stoppages and other labor matters; our inability to protect our
intellectual property in the U.S., as well as in foreign countries; obligations
under our defined benefit pension plans; and other factors described from time
to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on
information available to us on the date hereof, and we assume no obligation to
update any forward-looking statement.
# # #
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Flowserve Corporation via GlobeNewswire
[HUG#1923033]
Unternehmensinformation / Kurzprofil:
Datum: 20.05.2015 - 22:13 Uhr
Sprache: Deutsch
News-ID 394879
Anzahl Zeichen: 8030
contact information:
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Kategorie:
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