BLZF held a foundation stone laying ceremony for its 120,000 square meter Ninghe industrial base in Ninghe Industrial Park, Tianjin, for oil equipment and high-level valve manufacturing, with an expected investment of one billion RMB and about 1,000 jobs. The article dates the ceremony to July 12, 2012.
Sunbelt Supply, a Clearlake Capital-backed flow control provider, acquired Severe Service Specialists (Triple S), a provider of valves and services based in Trussville, Alabama. Terms were not disclosed.
DevCo Partners signed an agreement to acquire ARMATURY Group, a Czech industrial valve manufacturer with about 550 employees and revenue of about EUR 60m, to combine it with its Vexve valve business.
IMI plc announced the proposed acquisition of PBM Inc., a manufacturer of industrial valves and flow control products based in Irwin, Pennsylvania, for an enterprise value of $85 million. Closing is expected within two months.
Russel Metals announced an agreement to acquire City Pipe & Supply Corp., a supplier of pipe, valves and fittings to oil and gas companies in Texas and New Mexico. The announcement was made on August 19, 2019.
Milwaukee Valve in Prairie du Sac, Wisconsin rebuilt two air compressors and bought two new ones with variable frequency drives, supported by a Focus on Energy incentive of nearly $62,000. The upgrades are expected to save $27,000 a year in energy costs.
Aberdeen-based Interventek won a contract exceeding £1 million to deliver 6-3/8 inch open water safety valves to Trendsetter Engineering in Houston. Delivery is due by early 2020 for Trendsetter's light riser intervention system.
Hydraulic component maker Takako will move its headquarters to Kizugawa, Kyoto, with a new office and factory due for completion in January 2021. The new plant will mass-produce solenoid valves for automotive use; the investment is undisclosed.
Curtiss-Wright was awarded contracts valued above $80 million to supply propulsion valves for the US Navy's Virginia-class and Columbia-class submarine programs. Work will be done at its East Farmingdale, New York facility through 2024.
Shell Australia has awarded Flowserve a five-year contract related to the Prelude FLNG project, as listed on Flowserve's company news page dated August 12, 2019. Contract value and scope are not given.
Shimadzu's affiliate Tianjin-Shimadzu Hydraulic Equipment will build a new plant of about 17,000 square meters in the Xiqing Economic-Technological Development Area for about 2 billion yen, finishing September 2020 and targeting 300,000 hydraulic gear pumps per year by fiscal 2023.
PJ Valves was awarded three FPSO valve contracts for projects in Brazil, Mexico and Nigeria, worth US$10 million in total. Deliveries are expected to be completed in 2019.
Shimadzu's Chinese subsidiary Tianjin Shimadzu Hydraulic (TSH) will start building a new plant in November 2019 in Tianjin's Xiqing Economic-Technological Development Area to make gear pumps and control valves for forklifts, with completion planned for September 2020. TSH targets 300,000 gear pumps per year by fiscal 2023.
KSB Pumps and Valves South Africa is constructing a new building at its KSB SupremeServ facility in Jet Park, Johannesburg, to host sales and a new valve assembly line targeting 70% local content, expected fully operational in Q4 2019.
Champion Valves Inc. has been acquired by US Valve LLC, a division of Airtech USA. Champion Valves will continue operating under its own name, with Steve Lovell taking over responsibility.
Ingersoll Rand agreed to sell its industrial division, including Precision Flow Systems, to Gardner Denver in a transaction valued at $7.7 billion, as reported in a mid-2019 fluid handling M&A review.
Ingersoll Rand completed its acquisition of Precision Flow Systems from BC Partners Advisors and the Carlyle Group in a transaction valued at $1.45 billion, as reported in a mid-2019 fluid handling M&A review.
Metropolitan Industries acquired Emmons Metro LLC (formerly Emmons Pump & Control), a supplier of pumps, equipment and controls based in Albany, New York, in August 2019.
Nikkiso plans to build a cryogenic pump test facility in Miyazaki for about 5.5 billion yen by 2020, allowing final testing with actual LNG instead of shipping products to Las Vegas.
Nikkiso plans to move industrial and aerospace production from its Higashimurayama plant to its Miyazaki plant, investing about 9.5 billion yen to expand capacity there, with about 100 new jobs. Completion is planned by 2021.
Ham-Let, through subsidiary Rovac, won a $5.6 million order from a Vietnamese company for flow control products for an LNG terminal project, with delivery through 2022. Ham-Let has received orders totaling $10.2 million for the project so far.
SUPCON won the bidding for the main equipment of Ningbo Huatai Shengfu Polymeric Material's 700,000-ton light hydrocarbon utilization project in July 2019. It supplies 207 sets of LN8 globe valves and SN5 ball valves.
Pietro Fiorentini held the ribbon-cutting for its new manufacturing plant in Weirton, West Virginia, on July 29, 2019, a $9 million investment. It is the company's first US manufacturing operation.
Visual Healthcare (VSHC) has closed its initial acquisition of Hi-Alloy Valve, a manufacturer of API-certified industrial ball, gate, check, plug and pig valves. The company plans further acquisitions in the coming months.
Jiangxi Datang International Xinyu Power Co. selected Shenzhen Prussit Air Compressor Systems as the supplier of 2 solenoid valves for Ingersoll Rand air compressors in an open online price inquiry. Delivery is to Xinyu, Jiangxi.
AxFlow Ireland announced on July 23, 2019 its acquisition of Irish Pumps & Valves Limited, a Carlow-based supplier of valves, actuators and pumps for the wastewater, power generation and process industries.
CERTINA is acquiring Pibiviesse, the long-cycle upstream oil and gas engineered valve business of CIRCOR International, based in Milan, Italy. The business will be separated from CIRCOR and operated independently within the CERTINA Flow Control division.
AxFlow Ireland acquired Irish Pumps & Valves Limited, a Carlow-based supplier of valves, actuators and pumping equipment for wastewater, power and process industries. The announcement is dated July 23, 2019.
Ovation Holdings, Inc. announced the acquisition of Valve Sales, Inc. (VSI), an Oklahoma City-based supplier of valves, actuators and flow control products to oil and gas producers in Oklahoma, Texas and New Mexico. The acquisition took effect July 15, 2019.
Danfoss Mexico has expanded operations at its Apodaca plant by installing a production line for industrial refrigeration valves, previously imported mostly from China. The investment amount was not disclosed.
Neway Valve (Suzhou) ordered more than 570 Rotork IQ3 multi-turn actuators for gate and ball valves at the Pengerang Deepwater Petroleum Terminal operated by Pengerang Terminals (Two) in Johor, Malaysia. The order was announced in July 2019.
Grundfos Canada broke ground on a roughly C$3.5 million expansion of its Oakville, Ontario facility, roughly doubling it to 48,000 sq ft for warehousing and service. Completion is scheduled for July 2020.
Trelleborg's Industrial Solutions unit acquired Signum Technology, a Wiltshire engineering group making flow control and LNG transfer systems, with annual sales of about SEK 410 million. The deal was consolidated from July 10, 2019.
MSA, part of the Rimera group, won a tender to supply ball valves with NIWATEC and AUMA actuators to Czech gas transmission company NET4GAS, worth EUR 154 thousand. The article dates the delivery to March of the current year.
Dussur, Saudi Aramco and Hyundai Heavy Industries signed a joint venture to manufacture 2-stroke and 4-stroke marine engines, electric power plant engines and marine pumps at Ras AlKhair in Saudi Arabia's Eastern Province. The venture is expected to create over 720 jobs.
Gardner Denver Holdings acquired Oina VV AB, a Stockholm-based maker of customized peristaltic pump solutions for medical, process and industrial uses, for a net purchase price of about US$10 million funded from cash on hand. Oina will join Gardner Denver's Medical Segment.
CRI Pumps is setting up wholly owned subsidiaries in the US and Mexico, with an assembly facility in Houston estimated at around $5 million, to cut US lead times from 120 days to under 5. It also plans a California facility within six months.
Egypt's ENPPI has contracted AMPO POYAM Valves to design and manufacture gate and globe valves with Inconel overlays for the Khuff Gas Piping Project in Al Khobar, Saudi Arabia, owned by Saudi Aramco. All valves are due for delivery in 2019.
CIRCOR signed an investment agreement to build a new facility in the Weihai Economic and Technological Development Zone, China. The announcement was dated July 5, 2019.
Aveng Limited agreed to sell its Aveng Dynamic Fluid Control valve and pump business, with operations in South Africa, Finland, USA, Brazil and Australia, to Copaflo for R165 million. The deal is expected to close by 31 October 2019.
Ampo Poyam Valves will design and manufacture electric actuated gate valves for Gulf Coast Growth Ventures' chemical facility in San Patricio County, Texas. Construction starts in Q3 2019 with start-up expected by 2022.
Grundfos Canada plans a $3.5 million expansion of its Oakville service and warehouse location, doubling its size to 2,221 sq. m. Construction starts in July 2019 and is scheduled for completion by July 2020.
Shengli Valve Co. won a tender from Shaanxi Binchang Coal Field Water Affairs Co. to supply valves and pumps for the Xianyang Binchang mining area water delivery project, with a winning bid of CNY 39,382,889. The award was made on July 2, 2019.
Ross Valve of Troy, New York, acquired the Green Island property from LAI International for $2.5 million and plans to hire 50 new employees over five years while retaining 10 workers.
IDEX Corporation acquired Velcora Holdings AB, whose businesses include mechanical seal maker Roplan and hygienic mixer and valve maker Steridose, in Q3 2019. The deal complements IDEX's sealing solutions and health and science platforms.
First Reserve has completed its acquisition of Trillium Flow Technologies, formerly Weir Flow Control, from The Weir Group. Trillium makes 15 pump and valve brands for power, oil and gas, water and mining customers. Final terms were not disclosed.
Airtech Group, a portfolio company of EagleTree Capital, acquired Champion Valves Inc. and Valve & Pump Specialties, Inc., designers and distributors of industrial check and butterfly valves, in July 2019.
Haltec Corporation held a groundbreaking for a 59,000-square-foot manufacturing facility in the Leetonia World Trade Park, Ohio, expected to open early next year and add 30 to 40 jobs within three years.
Baker Hughes, a GE company, delivered severe service control valve packages to Saudi Aramco's Jazan IGCC power plant, with localised assembly by joint venture Darvico in Jubail. The announcement was made on 1 July 2019.
Chelyabinsk Metallurgical Plant, part of Mechel Group, produced 1.2 thousand tons of fittings for Gazprom's Portovaya and Divenskaya compressor stations in the Leningrad Region, supplied via Mechel-Service. Construction completion is scheduled for October 2020.