Danfoss, through its Indian subsidiary Danfoss Power Solutions, has invested about €15 million in a Pune facility manufacturing mobile hydraulics products such as electronic controls, pumps, valves and motors for construction, agriculture and off-highway vehicles. The article is dated January 2020.
SUPCON Fluid won a Sinopec International Business framework tender for 2020 control valves, including rotary control valves, control ball valves and eccentric rotary valves, announced January 20, 2020 in China.
Norwegian shipyard Aas Mekaniske Verksted awarded PG Flow Solutions a contract to supply eight seawater circulation pumps for a wellboat being built for Brønnbåt Nord AS, to be delivered in November 2021. The contract value was not disclosed.
Linde Hydraulics opened a new production plant in Weifang, China, a 36,000m² facility for assembling high-pressure pumps, motors and valve technology, with capacity of 100,000 units per year.
K2 Industrial Control Equipment (Dalian) won a supply agreement for Trimteck/Optimux 20-inch pneumatic ball and butterfly valves for a compressor package at the PetroChina Kunlun LNG project in Hubei, worth RMB 1 million. The announcement was dated January 17, 2020.
A planned 40,000-unit-per-year high-end valve project in Lishui Economic and Technological Development Zone, Zhejiang, with total investment of RMB 105 million, will lease a plant from Lishui Heli Pump & Valve Manufacturing. Production is expected to start in March 2021. The report is dated January 17, 2020.
Trelleborg's Industrial Solutions business area has acquired engineering group Signum Technology and its subsidiaries Gall Thomson, KLAW LNG, KLAW Products and Vee Bee Filtration. Signum makes safety-critical flow control products such as marine breakaway couplings and LNG transfer safety solutions.
Future Neles Corporation, Metso's valve business, signed a distribution agreement with Axel Larsson Maskinaffär AB in Sweden. The agreement was reported on 10 January 2020.
LVF S.p.A. is expanding its production site in Via Mazzini, San Paolo d'Argon, Italy, adding 4,805 square metres of covered area for a total of 11,245 square metres. Fibedil Srl was awarded the construction works.
Hayward Tyler was awarded a contract to supply and manufacture eight valves for MASWEP in West Cumbria, valued at GBP 941,186. The contract was published on 7 January 2020 with a start date of 8 January 2020.
Warburg Pincus agreed to acquire Sundyne, a maker of centrifugal pumps and compressors, from BC Partners and The Carlyle Group. Terms were not disclosed and management under CEO Mark Sefcik will continue.
Bernard Callens took over Dewaele Technical Agencies BV (DTA) in Waregem, Belgium from Lieven Dewaele in January 2020. DTA distributes pump, valve and mixer equipment and serves the textile, food and chemical sectors.
KYB Americas announced a new manufacturing plant in Silao, Guanajuato, Mexico, to begin with hydraulic pumps for automotive continuously variable transmissions and later make shocks, struts and steering components. The plant is expected to add 130 jobs.
Baker Hughes won contracts to supply severe service, control and safety relief valves for the BAPCO Modernization expansion of the Sitra Island Refinery, which will raise capacity to 380 MBPD. Contracts were placed through Samsung, Tecnicas Reunidas and Technip, and about 1200 valves have been awarded to date.
Chuanrun (002272.SZ) plans to buy a 75% stake in Jiangsu Ousheng Hydraulic Technology, a maker of hydraulic plunger pumps and valves in Qidong, for RMB 41.25 million funded from internal resources.
US energy services investor SCF Partners, via subsidiary Buchan 2, is acquiring Peterhead-based Score Group, a valve and gas turbine component supplier, for £120.5 million.
Flowserve signed an agreement to provide the main pumps for the Rabigh-3 sea water reverse osmosis desalination plant, which will serve Jeddah and Mecca with an initial capacity of 600,000 cubic meters per day.
Flowserve signed an agreement to provide the main pumps for the Taweelah sea water reverse osmosis desalination plant near Abu Dhabi, which will be the largest SWRO project in the world with capacity of 909,200 cubic meters of water per day.
Inflexion has agreed to acquire Aspen Pumps, a specialist condensate pump manufacturer, from 3i Group in a deal announced in December 2019. Aspen has over 200 employees and exports to more than 100 countries.
CIRCOR International announced a new centrifugal and displacement pump manufacturing facility in Weihai, Shandong Province, China, to open in 2020. It will support customers in Asia.
3i agreed to sell its investment in Aspen Pumps, a global condensate removal pump maker, to Inflexion Private Equity for proceeds of about GBP 208 million. The announcement was made on December 18, 2019.
Swiss group LK Hydraulics took over 80% of Picardie Valves Industries in Ham, France, from bankrupt Altifort, keeping all 106 permanent and 12 fixed-term contracts. The change of ownership took effect on December 13, 2019.
Blackhall Valves of the United Kingdom was contracted by the Tarrant Regional Water District to supply the largest gate valves for the Integrated Pipeline Project, which completed phase one in spring 2019.
Schlumberger's OneSubsea has received an engineering, procurement and construction contract from Chevron to supply subsea production trees, multiphase flowmeters, manifolds and a multiphase pump station for the deepwater Anchor field in the US Gulf of Mexico. The award was made in March and disclosed in December 2019.
Petroleum Development Oman and Schlumberger opened the Oman Assembly, Repair and Inspection Centre in Nizwa, investing $26 million. The facility makes electric submersible pumps and gauges, can produce 25 to 60 ESP strings per month, and employs 20 Omanis initially.
Rotork won a contract to supply 400 IQ3 electric multi-turn actuators for the third phase of Shenzhen Energy Environmental Company's energy-from-waste plant in China. The plant is set to become the world's largest by feedstock, at three million tonnes a year. Financial terms were not disclosed.
UKRI's Science and Technology Facilities Council awarded Edwards Ltd. a £25,986 single-tender supply contract for a dry scroll pump for STFC RAL, with the contract running from 11 December 2019 to 14 January 2020.
LEWA NIKKISO Switzerland AG won a tender from CERN worth more than CHF 5.5 million for 33 LDG drive units with remote pump heads, plus up to 13 years of maintenance, for cooling detectors in the ATLAS and CMS experiments. The contract was signed in September 2018 and announced in December 2019.
Rotork is expanding its Mile Crossing Blvd. facility in the Town of Gates, Monroe County, New York, adding 52,000 square feet and up to 56 new jobs over five years in a $10 million project supported by up to $550,000 in state incentives. Completion is expected in summer 2020.
China's Neway Valve plans to acquire Dortmund-based flow control products maker Econosto International Holding for EUR 11.3 million (USD 12.5 million) to expand its international market share. Neway's board approved the plan, and the company said on Dec. 6 it will move on to an equity transfer deal.
Movement Industries Corp. completed its acquisition of SGX Industrial LLC, gaining IoT monitoring technology, flow control patents and about $300,000 of inventory. The purchase price is Series B preferred shares plus assumption of a $300,000 promissory note.
Winsupply Inc. bought Industrial Equipment & Parts, a Plymouth, Minnesota distributor of heavy industrial pumps serving pulp, paper and ethanol customers. Terms were not disclosed.
Flowplus Oy acquired the restructuring, maintenance and repair business of Oy Lining Ab for pumping stations in Lappeenranta, Finland, through an asset purchase executed on 29 November 2019.
Elliott Group broke ground on a $60 million cryogenic pump test facility at the former Jeannette Glass site in Jeannette, Pennsylvania, near its U.S. headquarters. The company chose the site as its main U.S. manufacturing base.
OEM International signed an agreement to acquire the pump division of Finisterra AS in Norway, which sells Hermetic, Flux and Almatec pumps for chemical and industrial use. The division will be integrated into OEM Automatic AS.
Darvico has opened a new facility in Yanbu, Saudi Arabia, where its joint venture with Baker Hughes, a GE company, provides localised production of Masoneilan and Consolidated control valves.
Darvico (Dresser Al-Rushaid Valve and Instrument Co) is expanding its Jubail facility by about 20,000 sq ft to install a boiler plant for testing valves on steam application, the first of its kind in the Middle East. The expansion is due to be operational by mid-2020.
Unilok, a maker of high-performance valves, invested 48 billion won and completed a new factory in Sihwa MTV, Korea, with about 20,000 m2 of land. A 7,600 m2 site is reserved for expansion.
Concentric AB has been awarded a contract to supply electrically driven coolant pumps to a global truck and bus OEM for mid-size electric trucks. Production starts in 2021 and runs until 2025, with total sales estimated at SEK 150 million.
Russian trading holding Forte announced plans to build a large pump manufacturing plant near Azov, Rostov region, in cooperation with Italian firm S.A.I.P., at an estimated cost of €40 million. The holding has acquired a site of over 100,000 sq m and targets production launch by mid-2021, with up to 700 jobs.
Italian company S.A.I.P. will supply equipment for a pump manufacturing plant that Forte holding is building on a 100,000+ sq m site near Azov, Rostov region, with investment exceeding €40 million. The plant could employ up to 700 people, with launch targeted by mid-2021.
Saur Group made a strategic investment in pump monitoring and optimisation company Riventa under a partnership signed the week before November 26, 2019. The deal is intended to strengthen Saur's offering to municipal and industrial customers in France and other markets.
Svanehøj Group won an order for 33 Deepwell pumps and 4 diesel-driven firewater pump packages for a floating production storage and offloading unit being built in China for operation in a Brazilian field. Delivery is scheduled for the second half of 2020.
Lakeside Process Controls acquired Sudbury-based CW Mechanical Limited, a valve repair and certification services company serving industrial customers in Northern Ontario, effective November 15, 2019. Lakeside plans to build a full service and production facility in Sudbury.
Wilo USA, through a new subsidiary, acquired the assets of American-Marsh Pumps (J-Line Pump Co.) in Collierville, Tennessee, announced on November 26, 2019. The company employs 55 people and makes centrifugal pumps, vertical turbines and fire protection equipment.
NIBCO has announced its acquisition of Milwaukee Valve, a producer of valves for commercial, industrial and marine markets, which will operate as a wholly-owned subsidiary with no operational changes.
Emerson Automation Solutions broke ground on an expansion of its Park Avenue West plant in Ontario, Ohio, to increase production of rotary vane valves and add an electro-hydraulic operator valve line. The expansion is expected to add 20 jobs over five years.
Ideal Standard Vidima officially opened its modernized sanitary fittings plant in Sevlievo, Bulgaria, the result of a three-year investment program of over BGN 62 million. The plant is described as the largest of its kind in Europe.
Russia's Commission on Foreign Investments approved Saudi investors acquiring a 20.5% stake in Novomet, a Russian artificial lift equipment maker, for about 5 billion rubles (around $78 million); RDIF will take a 10.2% stake.
Shuangheng Valve Group was selected under a framework agreement to supply high-temperature, high-pressure valves for Sinopec's Gulei integrated refining and petrochemical project, after winning a competitive tender against dozens of rivals.