Enertorque is building a new factory in Dalseong-gun, Daegu, for actuators and water gate hoists, investing 5.6 billion won. Completion of main facilities is expected in the first half of 2021.
Cleveland-based private equity firm CapitalWorks acquired ERL Commercial Marine and its subsidiary Law Valve of Texas in a majority recapitalization. Baird Business Owner Solutions advised ERL on the deal.
Siekmann Econosto, based in Dortmund, Germany, is supplying industrial valves for the Amur gas processing plant in Russia, with an order volume above EUR 44 million. The plant targets processing of more than 42 billion cubic metres of natural gas per year.
L&T Valves Arabia, a wholly-owned subsidiary of L&T Valves, is setting up a manufacturing facility in the Eastern Province near Al Jubail, Saudi Arabia, to make its full valve range from October, supporting Saudi Aramco's IKTVA programme.
Dallas private equity firm Crossplane Capital completed the acquisition of Griffin Dewatering, a Houston-based groundwater control and dewatering services provider with 11 US locations. The deal was announced on 2 December 2020.
YBA Kanoo and US-based Clarke Valve are coordinating to build a production line for Shutter Valves in Saudi Arabia. The plan would bring assembly and servicing closer to regional customers, as reported on December 2, 2020.
Unibloc Pump moved its headquarters and manufacturing to a new Kennesaw, Georgia facility at 1650 Airport Road. The site is three times larger than the previous Marietta building and adds R&D, service and warehouse space.
Nanfeng Co. was named winning bidder for supply of nuclear island relief, control, check and electric heating valves for Tianwan Nuclear Power Station units 7 and 8. The contract is worth 58.7 million yuan and was disclosed on December 1, 2020.
AxFlow's subsidiary Brown Brothers Engineers has acquired SPX Flow Technology New Zealand Ltd., a sales and service organization for APV, Waukesha Cherry-Burrell and other fluid-handling brands, which will be renamed Brown Brothers Engineers Flow Technology Ltd.
ZETKAMA sp. z o.o. merged with FAG S.A. of Głuchołazy on November 30, 2020, taking over FAG's assets. ZETKAMA now produces valves and castings at three Polish locations.
Copreci has closed an agreement to buy all assets of the valve production process from Defendi S.r.l., an Italian subsidiary of the E.G.O. Group, strengthening its gas cooking appliance business.
Neles signed seven new distributor agreements and one agent agreement in South and Central America during the last three quarters.
FELUWA Pumpen signed a procurement agreement with China Energy Investment Corporation at the Third China International Expo 2020. The deal was facilitated by its Chinese partner Encore Engineering.
Siekmann Econosto is supplying industrial valves worth more than EUR 44 million for a large gas processing plant under construction near Svobodny in Amur, Russia. The contractor relies on the firm to procure over 41,000 valves.
Unified Valve Group Ltd. agreed to distribute Texsteam's full line of chemical injection pumps across Canada, including solar models. Unified will stock pumps and parts and provide service and repair from its Western Canada branches.
Amarinth supplied four API 610 VS4 vertical pumps with Plan 53B seal support systems to China Petroleum Engineering Procurement & Construction (CPECC) for the Garraf Oil Field in Iraq. The US$650,000 order was delivered within 34 weeks.
Gryphon Investors acquired Vessco Holdings, a Minneapolis distributor of flow control, pump and automation equipment, from O2 Investment Partners together with Vessco's management team. Terms were not disclosed.
Pump maker Svanehøj has acquired the Marine Equipment Service Department of Force Technology in Brøndby, Denmark, giving it full-scope servicing for pumps, compressors, valves and instrumentation. The unit has about 50 employees, who will join Svanehøj.
The Master Group has acquired Alberta-based Soper's Supply Ltd, a distributor of electric motors, fans, blowers and pumps to the Western Canada market. The deal adds branches in Winnipeg, Edmonton, Calgary, Surrey and Vancouver.
Gas TSO of Ukraine signed a contract on November 10, 2020 with Vorex LLC, the official dealer of Italy's PERAR S.P.A., for 105 ball valves after a Prozorro tender that cut the starting price by 43%.
PRECISION has completed the expansion of its production facility in Thailand, adding 2,350 square meters to increase production of valve and injection-molded parts and provide additional warehouse space.
Shanghai Ritai Valve Group was shortlisted for the RH project of Baosteel Desheng, with a winning package covering valve station systems and valve products. Production will follow the client's schedule.
Sunbelt Supply's affiliate FloWorks International acquired Oliver Equipment Company, a Houston-based specialty rotating equipment and packaged systems provider with five branches. Terms were not disclosed.
EBSRAY PUMPS PTY LTD was awarded a contract by the Australian Department of Defence on 5 November 2020 to supply disk valves, valued at AUD 65,252 in New South Wales.
EBSRAY PUMPS PTY LTD was awarded a contract on 4 November 2020 by the Department of Defence to supply valves and various assembly spares, valued at about AUD 24,979 in New South Wales.
IMI Truflo Marine, part of IMI Critical Engineering, agreed a 15-year lease on a new 57,000 sq ft manufacturing and design headquarters at Birmingham's Advanced Manufacturing Hub, developed by Barberry Industrial, with construction possibly starting before year-end and completion expected in Q3 2021.
The US Federal Trade Commission granted early termination of Caterpillar Inc.'s acquisition of The Weir Group PLC, a deal covering several Weir subsidiaries, as of 3 November 2020.
Interpump Group announced that the merger by incorporation of its wholly owned subsidiary Mariotti & Pecini, a maker of mixers and agitators, has taken effect. Interpump had bought 60% of the company in 2017 and later acquired the remaining 40%.
Mecaro, a Korean semiconductor parts and materials maker, signed an agreement to acquire 100% of KVTS, which makes special valves for semiconductor equipment. The signing ceremony was held at Mecaro's Pyeongtaek headquarters on 2 November 2020.
Neles and Metsä Fibre signed a preliminary agreement for Neles to supply valve solutions and maintenance services for the new bioproduct mill in Kemi, Finland. The mill investment is EUR 1.5 billion, with a final decision expected no earlier than autumn 2020.
Wilo USA held a groundbreaking ceremony for a new 244,000 sq ft headquarters and production facility in Cedarburg, Wisconsin.
Sulzer manufactured twelve pumps from three designs at its plant in China for the first time for a complex refinery project, supported by collaboration across Asia, Europe and the USA.
Pelican Energy Partners closed its purchase of the Surface Pressure Control Flow business unit of Baker Hughes on 31 October 2020. The unit becomes an independent company called Vault Pressure Control, serving pressure control customers in the US, Canada, Australia, Papua New Guinea and Trinidad and Tobago.
The STX consortium completed payment to Heung-A Shipping for 3,642,640 PK Valve shares, becoming PK Valve's largest shareholder in Korea, reported on 30 October 2020.
Coretech Flow/Master Valve USA was awarded a contract to supply manual and automated ball valves for a 30-inch gas pipeline in Mexico operated by Fermaca, with SENER as EPC contractor. The scope covers 28 manual and 39 automated valves, with the automated valves integrated and tested in Katy, Texas.
Crane held a groundbreaking ceremony on October 23, 2020 for a new Engineered Check Valves factory in Satara, India, planned to open in October 2021 and produce Noz-Chek and Duo-Chek valves up to 84 inches.
Metsä Fibre and Neles signed a preliminary agreement under which Neles would deliver valve solutions and maintenance and spare part services to the new Kemi bioproduct mill in Finland.
Neles signed a preliminary agreement to supply valve solutions and maintenance services for Metsä Fibre's planned 1.5 million tonne bioproduct mill in Kemi, Finland. Metsä's final investment decision is expected in fall 2020 at the earliest.
OPW, a Dover company, acquired the ISO Liquid Tank Container product line from Girard Equipment of Vero Beach, Florida. OPW will manufacture the line at its Lianyungang facility in China.
Alfa Laval amended its recommended public cash tender offer for all shares of Finnish valve maker Neles, lowering the minimum acceptance condition to more than 50% and extending the acceptance period. The offer was first announced on 13 July 2020.
Velan's subsidiary Velan ABV was awarded contracts to supply multiple packages of actuated and manual high and ultra-high pressure forged valves to MODEC Offshore Production Systems (Singapore), with deliveries scheduled from late 2020 to mid-2021. The article gives no value for these specific orders.
PJ Valves has been contracted to supply six packages of valves for topside process services, including gas and water services, on the Mero 2 FPSO in Brazil, which will produce 180 000 bpd. The article is dated 14 October 2020 and gives no contract value.
PJ Valves (PJV) was awarded a contract by an unnamed operator to manufacture and supply butterfly, ball, globe and check valve packages for the Marlim 2 FPSO in Brazil's Santos and Campos Basins. The article is dated 14 October 2020 and gives no contract value.
Amarinth delivered API 610 OH2 super duplex pumps with Plan 53B seal support systems, worth about $250K, to Kuwait Oil Company's WARA Pressure Maintenance project at Burgan field, supplied via contractor CPECC.
Danfoss started construction of a new production hall at its site in Grodzisk Mazowiecki, Poland, on 13 October 2020, which is expected to create 400 jobs. The plant will make solenoid valves for water installations.
China's Neway Valve signed a supplier contract with Modec Offshore Production Systems Singapore, a Petrobras contractor, to deliver valves for an offshore oilfield project in Brazil, worth about USD 25 million, with delivery by March 2021.
PJ Valves was contracted to supply six packages of valves for different topside process services, including gas and water, on the Mero 2 FPSO, which will produce 180,000 barrels of oil per day in Brazil.
PJ Valves was awarded a contract to manufacture and supply butterfly, ball, globe and check valves for the Marlim 2 FPSO, which will process up to 70,000 barrels of oil and 4 million cubic meters of gas per day in the Santos and Campos basins.
AO Zavod im. Gadzhieva plans to spend 600 million rubles on technical re-equipment and expansion of its blank production in Makhachkala, Dagestan, with 213.18 million rubles spent so far and 570 jobs planned, of which 95 have been created.
Zhenhong bought a 30,000 square metre permanent manufacturing base in the Wenzhou Airport Industrial Zone for CNY125 million (about USD20 million). It plans to move there by May 2022 and consolidate its existing plants.