Flowserve Awarded Three Major Chinese Valve Orders
Flowserve main steam isolation valves play an important role in emergency nuclear power plant shutdowns
DALLAS, Aug 04, 2010 -- Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced three orders totaling more than $10 million from China Nuclear Power Engineering Company Ltd. (CNPEC) for nuclear main steam isolation valves (MSIVs). The three orders were booked in the second quarter of 2010.
The valves are intended to be used at three facilities in China: Yangjiang Units 3 and 4, Fangchenggang Units 1 and 2, and Ningde Units 3 and 4. The type CPR1000 units are scheduled to begin commercial operation between 2014 and 2016, each with a capacity of 1,000 megawatts.
"China remains an important aspect of our global growth strategy and these orders demonstrate our continued leadership position in this market," said Tom Pajonas, president, Flowserve Flow Control Division.
Flowserve MSIVs are specially designed, large gate valves with fast-acting, stored energy actuators. MSIVs are designed to be installed in a plant's nuclear steam supply system where their primary function is to close within 3 to 5 seconds in the unlikely event of a rupture in the steam piping. The valves will be manufactured at the Flowserve facility in Raleigh, North Carolina, and are scheduled to be delivered in 2011 and 2012.
"Flowserve has been a trusted supplier to the Chinese nuclear industry for more than 20 years when we provided the valves used in some of the country's first nuclear power plants," said Pajonas. "We have the experience and broad product portfolio to meet the needs of our nuclear customers in China."
In April, Flowserve announced a separate multimillion-dollar order from CNPEC for main steam isolation valves, main feedwater isolation valves and feedwater motor-operated valves to be used at Taishan Units 1 and 2.
About China Nuclear Power Engineering Company Ltd.
China Nuclear Power Engineering Company Ltd. is the first company focusing on professional nuclear engineering management in China. Its business includes contracting, construction, management, consultation and supervision on industrial and civil projects (i.e., nuclear power, conventional power, heating supply, gas, harbor, highway, hydraulic, feedwater and water discharge projects); engineering technology services and economic information consultation; project bidding agency; import and export of products and technology; procurement and sales of electric equipment and material. For more information, please visit www.cgnpc.com.cn.
About Flowserve Corp.
Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves, as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's website at www.flowserve.com.
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