Flowserve Announces Multimillion-Dollar Valve Orders from China Nuclear Power Engineering Co. and China Nuclear Energy Industry Corp.

From Flowserve: Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced two multimillion-dollar orders from China Nuclear Power Engineering Co. Ltd. (CNPE) and China Nuclear Energy Industry Corp. (CNEIC) for main steam isolation valves (MSIVs).

The Flowserve Edward MSIVs are planned to be used at the CPR-1000 design Fuqing Units 3 and 4, and Tianwan Units 5 and 6. All four units are currently under construction and scheduled to be operational in 2016 and 2017, respectively. Flowserve booked the orders in the third quarter of 2010.

To read the full release please click on the link below:
Flowserve Announces Multimillion-Dollar Valve Orders from China Nuclear Power Engineering Co. and China Nuclear Energy Industry Corp.

Yours,
Berlin Technologies

Flowserve Buying Italy-Based Valbart For $168M

From Manucaturing.net: Flowserve Corp. said Friday it bought Valbart Srl, an Italian company that makes valves used in the oil and gas industry, for about $168 million cash.Flowserve, which makes pumps and fluid handling equipment, said it also repaid $32 million in debt held by Valbart.

The company said the deal will reduce its profit by a small amount in 2010 and add to its profits starting in 2011. Flowserve and Valbart began collaborating in December.

To read the full release please click on the link below:

Flowserve Buying Italy-Based Valbart For $168M

Yours,
Berlin Technologies

Flowserve wins an order of plug valves for a desalination plant in Australia

From Yahoo! Finance: Flowserve, a leading US based pumps maker, received an order of plug valves for a desalination plant in Australia. As per the order, the Australia’s Southern Seawater Desalination Plant, located near Perth, will use Flowserve’s manual and automated Durco PlugSeal valves for its high-pressure processes.

Perth has been experiencing shortage in rainfall resulting in declining water level in its local reservoirs. This situation, if continues, is expected to result in an annual water shortage of approximately 150 billion liters by 2031. The plant is designed to give an output of 50 billion liters of potable water annually, with the ability to expand to 100 billion liters.

To read the full release please click on the link below:

Flowserve wins an order an order of plug valves for a desalination plant in Australia

Yours,
Berlin Technologies

Flowserve Receives Order for about $10M for Desalination Energy Recovery Systems

From Yahoo! Finance: Flowserve Corporation (NYSE: FLS - News), a leading provider of flow control products and services for the global infrastructure markets, today announced an order for CALDER Dual Work Exchanger Energy Recovery (DWEER) units with an approximate value of $10 million USD for the Sorek seawater desalination plant. The majority of the booking for this order is to be reflected in the second quarter of 2010.

With a capacity of 150 million cubic meters (39.6 trillion U.S. gallons) per year, Sorek is the largest seawater desalination plant in the world featuring isobaric chamber recovery system technology. Sorek Desalination Ltd., a joint venture between IDE Technologies and Hutchison Water, owns the facility.

To read the full release please click on the link below:

Flowserve Receives Order for Approximately $10 Million for Desalination Energy Recovery Systems

Yours,
Berlin Technologies

Flowserve Names Mark A. Blinn Next President and Chief Executive Officer

Flowserve Corporation (NYSE: FLS - News), a leading provider of flow control products and services for the global infrastructure markets, today announced that its Board of Directors has named Mark A. Blinn, 47, as its next President and Chief Executive Officer, beginning October 1, 2009 and as a member of the Board of Directors, effective immediately.

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.

To read the full release please click on the link below:

Flowserve Names Mark A. Blinn Next President and Chief Executive Officer Succeeding Retiring Lewis M. Kling

Yours,
Berlin Technologies

Flowserve receives valves order for NPUs

From Valve World: Flowserve Corp. has announced that it has received more than USD 45 million in orders from Westinghouse Electric Co. for four AP1000TM units at two new nuclear power plant sites under construction in the USA.

Awarded in the third quarter, Flowserve will provide critical safety-related valves, electric motor actuators, and non-safety-related control, ball and plug valves for the Westinghouse AP1000TM nuclear power plants.

Yours,
Berlin Technologies

Flowserve Announces Order of Approximately $8 Million For Pumps to Boost Shell Output at St. Joseph Field

From Yahoo! Finance: Flowserve Corporation (NYSE: FLS - News), a leading provider of flow control products and services for the global infrastructure markets, announced it was awarded an order of approximately $8 million for pumps by Shell Malaysia Exploration & Production (Shell) to aid in the oil recovery efforts for the St. Joseph field, located in the South China Sea.

The St. Joseph field comes under the North Sabah 1996 Production Sharing Contract. Shell and its co-venturer PETRONAS Carigali Sdn. Bhd. are the production sharing contractors of PETRONAS (the Malaysian national oil company), with Shell being the operator.

To read the full press release please click on the link below:

Flowserve Announces Order of Approximately $8 Million For Pumps to Boost Shell Output at St. Joseph Field, Offshore Sabah

Yours,

Berlin Technologies

Flowserve Names Dean P. Freeman Vice President and Treasurer

From Yahoo! Finance: Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, today announced that Dean P. Freeman has been named Vice President and Treasurer.

Freeman rotates into the role previously held by Paul Fehlman, who will continue to serve as an officer and was recently named Vice President Financial Planning and Analysis and Investor Relations.

To read the full release please click on the link below:

Flowserve Names Dean P. Freeman Vice President and Treasurer

Yours,
Berlin Technologies

Flowserve Honored as 2009 Global Centrifugal Pumps Growth Excellence Company of the Year

From Yahoo! Finance: Flowserve, a leading provider of flow control products and services for the global infrastructure markets, has earned a Frost & Sullivan Best Practices Award as the 2009 Global Centrifugal Pumps Growth Excellence Company of the Year.

The honor was presented to Flowserve at the Excellence in Industrial Technologies Awards Banquet hosted by Frost & Sullivan in San Antonio, Texas, April 8, 2009. Accepting the award was Bob Rich, Strategic Marketing Director for Flowserve. This is the second time in four years that Flowserve has been recognized for its management and growth excellence.

You can read the full story by clicking on the link below:

Flowserve Honored as 2009 Global Centrifugal Pumps Growth Excellence Company of the Year

Yours,
Berlin Technologies

Flowserve Signs Valve Manufacturing Joint Venture With S&A Abahsain Co. Ltd.

From Chemical Online:

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced the signing of a joint venture agreement with S&A Abahsain Co. Ltd., a diverse Saudi Arabian business entity, spanning industry, trading, construction, real estate and services.

Building on existing joint ventures with the Flowserve Pump and Seal divisions, Abahsain and Flowserve have expanded their relationship to include the manufacturing of control valves, ball valves, plug valves, butterfly valves, and electric and pneumatic actuators for the oil and gas, petrochemical, power and water industries.

To read the full release please click on the link below:

Flowserve Signs Valve Manufacturing Joint Venture With S&A Abahsain Co. Ltd.

Yours,
Berlin Technologies

Flowserve Reports Record Full Year 2008 EPS of $7.74, up 74%

From finanzen.net: Flowserve Corp. (NYSE: FLS), a global leader in the fluid motion and control industry, announced today record full year and fourth quarter earnings per share and sales in its 2008 Form 10-K Report filed with the Securities and Exchange Commission. The company announced record full year and fourth quarter fully diluted EPS of $7.74, up 74% and $2.03, up 22%, respectively, and full year and fourth quarter operating income of $613 million, up 50% and $159 million, up 16%, respectively.

To read the full article please click on the link below:

Flowserve Reports Record Full Year 2008 EPS of $7.74, up 74%

Yours,
Berlin Technologies

Flowserve Corp. to Present at Gabelli & Co., Inc.'s 19th Annual Pump, Valve and Motor Symposium

From Yahoo! Finance: Flowserve Corporation (NYSE: FLS - News), a leading provider of flow control products and services for the global infrastructure markets, today announced that it will be presenting at Gabelli & Co., Inc.’s 19^th Annual Pump, Valve and Motor Symposium in New York on February 18, beginning at 8:30 a.m. Central (9:30 a.m. Eastern). The live presentation can be accessed via the Flowserve.com website under the Investor Relations section.

To read the full release please click on the link below:

Flowserve Corp. to Present at Gabelli & Co., Inc.'s 19th Annual Pump, Valve and Motor Symposium

Yours,
Berlin Technologies

Flowserve Announces New Ultra High Pressure Pumps to Help Increase Oil Field Capacity for Shell Ursa/Princess Waterflood Project

News Release of Flowserve: Flowserve Corporation (NYSE:FLS - News), a leading provider of flow control products and services for the global infrastructure markets, announced the successful start up of what Flowserve believes to be the highest pressure deep water injection centrifugal pumps in operation worldwide.

At the Ursa/Princess Waterflood project for Shell Oil Company, the pumps will inject high pressure water into the sea bottom field to force out otherwise unrecoverable oil. The project is expected to extend the life of the applicable Gulf of Mexico field by 10 years.

To read the full release please click on the link below:

Flowserve Announces New Ultra High Pressure Pumps to Help Increase Oil Field Capacity for Shell Ursa/Princess Waterflood Project

Yours,
Berlin Technologies

Flowserve to Supply Critical Safety-Related Pumps and Valves to Electricite de France for the Evolutionary Power Reactor, Flamanville 3, in France

Press release from Flowserve (via Yahoo! Finance): Flowserve Corporation, a leading global provider of fluid motion and control products and services (NYSE: FLS - News), confirmed it has accepted orders to supply critical safety-related pumps and valves with actuators for the first Evolutionary Power Reactor (EPR) being constructed at Flamanville 3 in Normandy, France by Electricité de France and AREVA. The pumps are being manufactured by Flowserve at a facility in Arnage, France and the valves and actuators in the company’s Raleigh, North Carolina facility.

To read the full news release please click on the link below:

Flowserve to Supply Critical Safety-Related Pumps and Valves to Electricite de France for the Evolutionary Power Reactor, Flamanville 3, in France

Yours,
Berlin Technologies

Flowserve Declares Quarterly Cash Dividend of $0.25 Cents Per Share

Flowserve Corporation (NYSE:FLS), a leading global provider of flow control products and services for the global infrastructure markets today announced that its Board of Directors has authorized the payment of a quarterly cash dividend of $0.25 cents per share on the company´s outstanding shares of common stock. The dividend is payable on October 8, 2008 to shareholders of record as of the close of business on September 24, 2008.

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 http://www.flowserve.com/.

To read the full story please click on the link below:

http://www.wallstreet-online.de/nachrichten/nachricht/2502197.html


Yours,
Berlin Technologies

Flowserve Chief Executive Lewis M. Kling Exercises Options for 46,499 Shares

Associated Press reports that Lewis M. Kling, the president and chief executive of Flowserve Corp., which makes pumps and valves for the energy sector, exercised options for 46,499 shares of stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.

For the full article please click on the link below:

Flowserve CEO Kling Exercises Options

Yours,
Berlin Technologies

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.

For the full article, please click on this link.

Yours,
Berlin Technologies

Flowserve wins major pump contract for nuclear power Plants in China

Yahoo! Finance reported this week that Flowserve Corporation, a leading global provider of fluid motion and control products and services (which we wrote about last november), has been selected to provide the China Nuclear Power Engineer Co., Ltd. with concrete volute pumps for the first phases of both the Hongyanhe and Ningde Nuclear Power Plant projects. The order is estimated to be between $25 and $30 million (USD).

Click on the link below for the full artilce:

Flowserve Wins Major Pump Contract for Hongyanhe and Ningde Nuclear Power Plants in China

Yours,
Berlin Technologies

Flowserve Declares Quarterly Cash Dividend of 15 Cents Per Share

Flowserve Corp., one of the world’s leading providers of fluid motion and control products and services, announced last Thursday (Nov 15) that its Board of Directors has authorized the payment of a quarterly cash dividend of 15 cents per share on the company's outstanding shares of common stock.

The dividend is payable on January 9, 2008, to shareholders of record as of the close of business on December 26, 2007.

Operating in more than 55 countries, Flowserve 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 http://www.flowserve.com/.

Yours,
Berlin Technologies