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Saturday, February 23, 2008
Flowserve to pay $10.5 million in penalties
Waxahachie Daily Light reports that Flowserve Corp., a maker of pumps and valves for the energy sector, has agreed to pay more than $10.5 million in penalties for making illegal kickbacks through the United Nations' oil-for-food program, the Justice Department said Thursday.
is an experienced importer, supplying Israeli companies with wide range of industrial pumps and equipment. With over 30 years of experience, the company has grown to be one of the leading companies in this area, providing equipment to many of Israel's top companies.