Kracht is building a 3,500 m² logistics centre at its headquarters in Werdohl, Germany, with Jungheinrich as general contractor. The centre includes a high rack warehouse with 5,100 pallet slots and an automatic small parts warehouse. The project costs approximately €7.8 million and is scheduled for completion in May/June 2017.
KSB, through joint venture SEC-KSB Nuclear Pumps & Valves, received a 'triple digit' million euro order to supply six RSR 750 reactor coolant pumps for the first two units of the Zhangzhou nuclear power plant in Fujian, China, with delivery in 2020 and 2021.
Metso appointed Kalle Sipilä as President of its Pumps business area and a member of the executive team, effective from January 2, 2020.
Grundfos expanded its use of ANSYS simulation software under a multi-year agreement via channel partner EDRMedeso to build digital twins. The announcement is dated 2017-02-24.
Mokveld was awarded the supply of subsea anti-surge control valves for the Åsgard Subsea Gas Compression Project. The announcement is dated 2017-02-23.
Cameron has agreed with CNPC to set up a joint venture to manufacture pipeline ball valves. The valves will mainly support CNPC's pipeline construction across China over the coming decade.
Emerson Process Management has opened a $30 million Americas headquarters for valve automation technologies and a highly automated manufacturing facility in Houston. The facility serves the oil and gas and petrochemical industries.
Flowserve received an order of close to $80 million to supply nearly 200 pumps and ebulators for the Hengli Integrated Refining Complex in Dalian, Liaoning, with deliveries from 2018. Work is coordinated with SINOPEC Luoyang Petrochemical Engineering Corporation.
Anderson Process announced its acquisition of Werner-Todd Pump Company, an industrial pump distributor. No deal value or location was given.
Neway Valve (Suzhou) signed a supply contract with Offshore Oil Engineering Co. for subsea ball and gate valves for the WC9-2/9-3/10-3 gas field cluster project off Hainan. The contract was reported on February 14, 2017, and its value was not disclosed.
FCX Performance, a flow control products distributor, acquired Monroe, Michigan-based Renew Valve & Machine Co. and its Cleveland, Ohio-based Valve & Gauge division. The deal was announced on Friday, February 10, 2017, and terms were not disclosed.
Emerson's ASCO will invest USD 8 million to expand its Aiken, South Carolina plant, creating about 86 new positions as it consolidates regional cylinder, motion control and accessory product lines there.
Emerson Electric is expanding its Aiken County operations with an $8 million investment that will create 86 new jobs.
Ohio Transmission Corp. has acquired the assets of the Somerset, New Jersey branch of Argo International, an industrial pump and repair distributor. The branch will operate as part of OTP Industrial Solutions with eight employees.
Flowserve has appointed R. Scott Rowe as President and Chief Executive Officer effective April 1, 2017, succeeding Mark Blinn, who is retiring. Rowe previously served as President of the Cameron Group.
Emerson is expanding its ASCO operations in Aiken, South Carolina, with more than $8 million of capital investment and 86 new jobs. The site will consolidate regional cylinder, motion control and accessory product lines.
Fluor's joint venture KPJV was selected by Tengizchevroil to perform front-end engineering and design for a multi-phase pump project at the Tengiz and Korolev fields in Kazakhstan. The project aims to maintain crude production by reducing wellhead pressure.
The Indian government intends to divest 100 percent of Bharat Pumps & Compressors through a strategic sale with transfer of management control. The Cabinet cleared the sale in September 2016, and DIPAM is seeking advisors.
Interpump Group acquired 100 percent of Inoxpa Group, a Spanish maker of process equipment and flow-handling systems for food, cosmetics and pharmaceuticals, for EUR 90 million. Inoxpa had fiscal 2016 sales of nearly EUR 60 million.
Xylem won a $1.5 million contract to supply ten Flygt NP-3400 submersible pumps for the McAlpine Creek Wastewater Treatment Plant in Pineville, North Carolina, replacing aging pumps at the central influent pump station.
KSB divested its subsidiary KSB AMRI, Inc. in Houston, Texas, which makes butterfly valves and actuators for chlorine production, to Bray International. KSB and Bray also signed a sales and supply cooperation agreement.
US automation group Emerson Electric agreed to acquire the Valves & Controls business of Pentair, headquartered in Schaffhausen, Switzerland, for $3.15 billion. Emerson expects its share of the process automation market to rise from 7% to nearly 10%.
SPX FLOW opened a new 28,000-square-meter manufacturing campus in Bydgoszcz, Poland, producing hygienic valves, sanitary plate heat exchangers and homogenizers. The company described it as a multimillion-dollar investment, and the announcement was dated January 31, 2017.
Mueller Water Products agreed to acquire Singer Valve, a Surrey, British Columbia maker of automatic control valves, for C$34 million in cash. The deal is expected to close in Mueller's fiscal second quarter of 2017.
DexKo Global has signed an agreement to acquire Italy-based Fluid-Press Group, a maker of hydraulic valves and manifold blocks founded in 1971. Fluid-Press will join DexKo's Hydraulics business alongside Safim Brakes.
Hytorc, rebranding its HydroWer hydraulic pump business as Hytorc Technologies, is moving into a new and larger facility in Sprockhovel, Germany to bring all departments together and increase output.
Lewa GmbH signed a purchase contract to take over the entire Seko Middle East FZE plant in the United Arab Emirates, including assets and the chemical injection package business, effective December 1, 2016.
Xylem won a $1.5 million contract to supply 10 Flygt NP-3400 submersible pumps to replace aging pumps at the McAlpine Creek Wastewater Treatment Plant in Pineville, North Carolina.
Sulzer is in discussions to acquire Ensival Moret from Moret Industries for an enterprise value of about $83.6 million. Ensival, founded in 1905 and based in Saint-Quentin, France, had sales of about $120 million in 2015.
Weir Group is moving Delta Industrial valve manufacturing from Michigan to an existing facility in St. Louis, Missouri, starting June 2017 to support planned expansion.
ARMATURY Group supplied valves worth 34 million CZK, including ball and gate valves, for the 168 km Lwówek–Odolanów gas pipeline in Poland, after winning a 2015 public tender. Deliveries ran in four phases during 2016.
Jiangsu Suzhou Newcon Valve has won supply contracts from CGN Engineering for nuclear island valves for units 3 and 4 of the Fangchenggang Hualong One project in Guangxi, covering about 8,000 valves. The contracts were signed in October and December 2016.
Neway Valve (Suzhou) signed a supply contract with AREVA for nuclear valves for the HPC nuclear power project in Britain, co-invested by EDF and CNPE. The order covers over 2,000 nuclear valves for the nuclear island of two units with 3.2 GW total capacity.
Italian company Pietro Fiorentini closed on land in the Three Springs Business Park in Weirton, West Virginia, for its first US manufacturing plant. The $9 million investment is expected to create 41 jobs in phase one and up to 150 when fully operational.
Heerema Marine Contractors chose Emerson Automation Solutions to supply a valve remote control system for the SSCV Sleipnir, under construction at Sembcorp Marine's shipyard in Singapore.
LEWA GmbH put a newly designed process pump test room into operation at the start of 2017, replacing its outdated, fully refurbished test facility.
Forum Energy Technologies acquired the assets of Cooper Valves, a Stafford, Texas maker of metal seated ball valves and cast and forged gate, globe and check valves.
Korean firm GST disclosed a supply contract with US chipmaker GlobalFoundries for integrated scrubber pump equipment worth KRW 1,331,760,000, about 1.58% of its 2015 revenue.
In 2017 MPOWER acquired a contract to supply valves to COLBUN S.A., one of Chile's leading electricity producers, for a project in Chile.
Coimbatore-based pump maker EKKI Group has completed the acquisition and integration of Deccan Pumps Private Ltd, a maker of sump submersibles, monoblocs and surface pumps.
Schlumberger is starting construction of a plant in the Lipetsk special economic zone to produce components for electric submersible pumps used in oil production, with serial production planned by 2018 and an investment of 3.8 billion rubles.
The Competition Commission of India approved Emerson Electric's proposed acquisition of Pentair's valves and controls business, finding no appreciable adverse effect on competition in India.
NPO Regulator opened a production facility in Yaroslavl for axisymmetric control valves for the oil and gas industry, a 878.9 million rubles project financed in part by a 150 million ruble loan from the Russian Industrial Development Fund.
LOT Vacuum signed a supply contract with Samsung Electronics for dry vacuum pumps used in semiconductor processes, worth KRW 7.92 billion, disclosed on December 28, 2016.
DK-Lok Corporation signed a 3.13 billion won contract with Nudraulix, INC to provide SS316 & Brass DK-LOK Tube Fittings, Valves and CNG/NGV Products. The contract period runs from December 26, 2016 to December 22, 2017.
Halliburton filed with Russia's Federal Antimonopoly Service over a potential acquisition of an interest in Novomet Oil Services Holding, an electrical submersible pump maker, possibly up to 100%. No agreement had been reached.
OTC Industrial Technologies acquired Premier Equipment Corporation and Premier Control Systems, strengthening its presence in the Louisiana and Texas rotating equipment markets.
Promet Valves Australia Pty Ltd was awarded a contract to supply firefighting nozzles to the Australian Department of Defence, valued at about AUD 60,852. The award was made on 21 December 2016.
Festo invested €70 million to expand and renovate its oldest factory in Scharnhausen, Germany, creating a leading plant for valves, valve terminals and electronics. The plant was completed last autumn and produces valve technology for multiple industries.
KSB's joint venture SEC-KSB Nuclear Pumps & Valves won a 'triple-digit million euro' order from CNNC subsidiary China Nuclear Power Engineering to supply six RSR 750 reactor coolant pumps for the first two units of the Zhangzhou nuclear plant in Fujian, announced 15 December 2016.