Valtek Sulamericana MENA has been awarded a contract by EPC contractor Descon Engineering to design, manufacture and test control valves for ADCO's South East Tie-in Project in the UAE. The valves will serve over 60 tie-in wells.
Jokwang ILI signed a supply contract worth KRW 2,150,310,000 with GS E&C to deliver safety valves for a refinery construction project in Ruwais, UAE. The contract runs until 11 December.
MLD, a maker of motorized industrial valve actuators, acquired PFS, an independent northern French company with about EUR 5 million in revenue and 30 employees. The deal also diversifies MLD into fluid management from storage to distribution.
Ampo Poyam Valves was awarded a contract to design and manufacture 750 high-specification ball and check valves with fusion bonded epoxy interior coating for Saudi Aramco's plants in Saudi Arabia. Delivery is scheduled for 2017 and 2018.
OMB Valves s.p.a. signed on 5 July 2017 to acquire the Vogt Valves division from Flowserve Corporation for approximately $28 million and completed the deal on 6 July 2017, with an expected gain of about $10 million for Flowserve.
Emerson selected Caltrol as the new provider for former Pentair Valves & Controls products and support in California, Arizona, Nevada and Hawaii, effective 5 July 2017. Emerson purchased the business unit from Pentair on 28 April 2017.
Halliburton announced it will acquire Tulsa, Oklahoma-based Summit ESP, which makes pumps for artificial lift in oil and gas wells. Financial terms were not disclosed.
Gazprom is set to purchase 6 billion rubles worth of anti-surge valves and electric drives for the Power of Siberia pipeline from Tomsk Electromechanical Plant (TEMZ), with production starting in September 2017.
ChargePoint Technology invested in a new 5-axis machine, automated washing plant and coordinate measuring machine at its Liverpool headquarters, as part of a wider £1 million investment to speed production of containment valves up to 350mm.
Houston-based distributor Puffer-Sweiven was named Emerson's representative in the Gulf Coast and Central Texas region for valve brands acquired from Pentair, including Crosby, Keystone and Anderson Greenwood. It can now sell and service control, isolation and relief valves.
Japan's Nidec Corp has taken a 100% ownership interest in LGB Elettropompe Srl, an Italian commercial pump and motor manufacturer. The article is dated 1 July 2017 and gives no price.
Hyundai Heavy Industries and Saudi Aramco plan a joint venture in Saudi Arabia to produce engines and marine pumps. The article is dated 1 July 2017 and gives no value or site.
AIM-listed pumps and motors group Hayward Tyler agreed an all-share merger with fellow AIM engineer Avingtrans, valuing Hayward at 51.6p per share, subject to shareholder approval of a scheme of arrangement.
King Abdullah Economic City signed a long-term Master Supplier Agreement with AVK Saudi Valves Manufacturing Company to supply valves, fittings and hydrants as the city expands its infrastructure. The agreement was reported on June 27, 2017.
Tomsk Electromechanical Plant (TEMZ) is completing a new production line for import-substituting anti-surge valves for Gazprom, with series output expected to start in September 2017 in Tomsk. Gazprom is investing 1.5 billion rubles in the project.
Ahlsell agreed in June 2017 to acquire the Swedish VA distributor ViaCon VA, with annual revenue of about 320 MSEK, and the Swedish Competition Authority has now approved the deal. Takeover is expected in early November 2017.
On 22 June 2017 Zetkama Sp. z o.o. absorbed ARMAK S.A. within Mangata Holding Group, with the combined company making valves and castings at Ścinawka Średnia and Sosnowiec, Poland.
Del Shares (Delar) plans a project in Fuxin, Liaoning to add 1 million automatic transmission oil pumps a year, with a total investment of about CNY 337.9 million.
Sulzer has completed the acquisition of industrial pumping solutions company Ensival Moret, combining their portfolios into a full line of pumps and mixing solutions.
PJ Valves and PJ Piping were awarded a major contract by McDermott to supply more than 500 metal-seated valves and compact flanges for an offshore gas field off Trinidad and Tobago, with first oil slated for 2019.
Kirloskar Oil Engines will acquire a 76% stake in Ahmedabad-based electric pump maker La-Gajjar Machineries at 7.89 times EBITDA, with the remaining 24% to be bought over five years; the amount was not disclosed.
A partnership led by CCMP Capital Advisors and MSD Partners, including Alberta Investment Management Corporation, has entered into a definitive agreement to acquire Hayward Industries, a global pool equipment manufacturer.
Midwest Valves & Controls was given the opportunity to distribute SEEPEX progressive cavity pumps in New South Wales, Australia. The pumps serve mining dewatering, dust removal and other applications.
Flowserve held a groundbreaking in Ridgefield for a 57,600-square-foot facility on a 3.9-acre site, moving its 24-person Vancouver pump repair team there. The announcement is dated June 16, 2017.
Pretoria-based Mechanical Rotating Solutions has been appointed a service and product supplier for KSB Pumps & Valves, gaining access to KSB's full pumps and valves range manufactured in Germany.
SPX FLOW launched its first North American multibrand service center in Corpus Christi, Texas, offering rental and sales of controlled bolting, repair of pumps, mixers and valves, and OEM spare parts.
Valve maker Flonix signed an MOU with Wonju City to build a new 9,924 m2 plant at Wonju Enterprise City, investing 11 billion won and hiring 25 local workers. Construction is due to start in October 2017 with operations in 2019.
Weir Oil & Gas agreed to acquire KOP Surface Products, a Singapore-headquartered provider of wellheads, surface trees, valves and actuators with 450 employees, for an enterprise value of US$114 million. Completion is expected in Q3 2017.
Akastor ASA agreed to sell KOP Surface Products, a Singapore-based supplier of wellheads, trees, valves and actuators, to The Weir Group for USD 114 million on a debt- and cash-free basis. Closing is expected in Q3 2017.
Pietro Fiorentini held a groundbreaking ceremony on Friday, June 9, 2017, for a $5.5 million facility in Weirton's Three Springs Business Park. The plant is due to open by spring 2018 and will employ up to 45 people in its first phase.
General Electric Oil & Gas Pressure Control opened a plant in the Guadalupe Industrial Park, Nuevo Leon, Mexico, for manufacturing oil industry equipment. The investment was 200 million pesos, creating 160 direct jobs, with exports to 22 countries.
Snam Rete Gas awarded a EUR 600,000 contract for DN 15-25 shut-off valves to Serck Audco Valves Flowserve Ltd, with the award granted on 2017-06-06.
AMPO opened a new valve manufacturing plant in Coimbatore, Tamil Nadu, India, with a ceremony on June 6, 2017. The 13 million euro investment covers a facility of about 15,000 square meters that can produce valves up to 72 inches.
Mueller Industries, a maker of valves, tubing and fittings for plumbing and HVACR piping, has announced the acquisition of PexCor Manufacturing Company.
Parker Hannifin has acquired Erie, Pennsylvania-based Snap-tite, a maker of high pressure fluid power components for oil and gas and industrial markets.
Velan won a £42.3 million contract from NNB Generation Co (HPC) to supply nuclear valves for the two EPR reactors at Hinkley Point C in Somerset, to be manufactured in Lyon and Mennecy, France.
Rotork received orders for fluid power valve actuators, including 70 LP linear actuators and over 200 GP and CP actuators, for a new 400,000 barrel-per-day refinery under construction in the Middle East.
Endress+Hauser inaugurated a new $8.1 million temperature manufacturing facility in Greenwood, Indiana, on May 31, 2017. The facility produces advanced thermometers and components for automated production lines, bringing total employment to 410.
Emerson inaugurated a new facility on its Polish site in Lodz, producing Asco valves. The facility space grew from over 7,000 sq m to an additional 6,500 sq m, and employment is expected to double from 400 employees.
Hayward Tyler invested £20 million to expand its Luton-based factory into a 'Centre of Excellence', including a 30,000 sq ft extension that more than doubled production capacity. Street Crane supplied and installed six new overhead cranes for the facility.
Metso signed a non-exclusive distribution agreement for its Neles and Jamesbury valves with Process Control Equipment to cover the UK, Benelux and Spain.
Valco Group France announced an agreement to acquire D2FC and its entities D2FC Energy Valves, D2FC Services and D-KTC Fluid Control, makers of hydropower butterfly and ball valves.
Exotic Automation & Supply, a Michigan fluid power distributor, acquired Sidener Engineering, a Noblesville, Indiana fluid power and safety products distributor; Amherst Partners advised the buyer.
Rotork received an order for 70 LP linear pneumatic actuators and over 200 GP and CP pneumatic actuators for a new grassroots refinery under construction in the Middle East, with capacity up to 400,000 barrels a day, plus desalination and wastewater plants.
Tulsar Canada, a manufacturer of water and wastewater control systems and a division of Zoeller Corporation, moved into a new facility in Brant County, Ontario, and plans to quadruple production and workforce there.
Spirax-Sarco Engineering agreed to buy Pittsburgh-based thermal technology company Chromalox from Irving Place Capital for $415 million on a cash-free, debt-free basis, financed by new bank debt. Chromalox has five manufacturing facilities across North America, France and China.
Hydro Middle East, with local partner Global Pavilion LLC, signed a 10-year contract with Petroleum Development Oman to provide aftermarket pump maintenance, rebuilds, spare parts and engineering support.
Hardide Coatings Limited, a group company of Hardide plc, has signed a new seven-year supply agreement with Graco Inc. to coat various pump components. The agreement is expected to be worth over US$4 million.
Velan received contracts worth $55 million to supply safety-related valves for the Hinkley Point C nuclear power station in Somerset, UK. Delivery is scheduled for 2019-2021.
Blackhall Valves designed and manufactured the 108-inch high-pressure gate valves, weighing over 100 tons, for the $2B Integrated Pipeline Project in Texas, ordered by TRWD.