Flowserve Announces New Forged Equiwedge(TM) Gate Valve
(Thomson Reuters ONE) -
Flowserve leverages both U.S. and European industry standards and best practices
to create an innovative and more reliable forged Equiwedge(TM) gate valve
addressing needs of supercritical and ultra-supercritical power generation
plants.
DALLAS, May 10, 2016 - Flowserve Corporation (NYSE:FLS), a leading provider of
flow control products and services for the global infrastructure markets, today
announced the release of the new and much-anticipated forged Equiwedge(TM) gate
valve design.
The forged Equiwedge(TM) gate valve is an uncompromising solution that utilizes
nearly 100 years of valve experience. By integrating two industry best practices
into one design, the forged Equiwedge(TM) gate valve features the increased wall
thicknesses found in critical areas of valves designed in accordance with U.S.
standards, while also capitalizing on the reduced weight benefits of equivalent
European standards. This allows the valve to perform under the difficult
pressure and temperature conditions typical of supercritical and ultra-
supercritical coal-fired power plants. The new forged design improves power
plant productivity and profit margins by maximizing safety and reliability. The
key benefits to customers include:
* Unique streamlined hybrid design which selectively increases wall
thicknesses in critical areas to improve reliability and lower the chance of
equipment failure while also reducing weight
* Single-piece body eliminates fabrication welds, reducing the chance for
accidents and body failures that could result from poor welding
* Flexible split-wedge gate design improves operational reliability by
minimizing thermal binding and stress on valve components
* Lower maintenance costs because of improved equipment life span from
previous gate valves
Supercritical and ultra-supercritical power plants operating at up to 290 bar
(4200 psig) and over 600°C (1100°F) now account for 35 percent of installed
global coal-fired generating capacity and account for over half of all new plant
construction. These plants operate at thermal efficiencies of up to 45 percent
(LHV) which is a 7-10 percentage point improvement over older subcritical plants
which generally operate below 185 bar. This efficiency improvement results in a
corresponding reduction in CO2 emissions of up to 15 percent per GW generated.
"The forged Equiwedge(TM) gate valve is built to withstand the high pressures
and temperatures of this evolving market while prolonging useful life and
value," says John Lenander, President, Flowserve Flow Control Operations.
"Flowserve is a leading provider of highly engineered valve solutions
specifically designed to endure the increasingly demanding operating conditions
we are seeing in the power industry," says Tom Pajonas, Flowserve Executive Vice
President and Chief Operating Officer. "We have further improved the pressure
and temperature capabilities of the forged Equiwedge(TM) gate valve to offer a
safe, reliable product that meets the demands of next-generation power plants
worldwide."
The new forged Equiwedge(TM) valve is available in NPS sizes from 4-26 (DN100-
650) and with materials including carbon steel, low alloy steel and creep
strength-enhanced ferritic steels.
For more information, please visit www.flowserve.com/Equiwedge.
Flowserve Contacts
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
Investor Contacts:
Jay Roueche, vice president, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, director, Investor Relations, (972) 443-6636
About Flowserve: Flowserve Corp. 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 Web site 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 global economic conditions 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 manufacturing optimization and 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; increased aging and
slower collection of receivables, particularly in Latin America and other
emerging markets; 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 and other
critical processes; 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 ability to anticipate and manage
cybersecurity risk, including the risk of potential business disruptions or
financial losses; 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#2011513]
Unternehmensinformation / Kurzprofil:
Datum: 10.05.2016 - 23:27 Uhr
Sprache: Deutsch
News-ID 470132
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contact information:
Town:
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Kategorie:
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