Conflict Minerals Policy
We support the objectives and intent of U.S. Conflict Minerals legislation and will fulfill its SEC reporting requirements.
Access the Conflict Minerals Policy
Supplier Tax Forms
Flowserve requires that all US vendors provide a Form W-9 and all non-US (foreign) vendors provide a Form W-8. New IRS reporting requirements are making it mandatory to determine if a vendor is US or foreign (Non-US) in order to identify income earned in the US. The purpose of this law is to detect, deter and discourage offshore tax evasion by US citizens or residents who are directly investing outside the US or indirectly earning income inside or outside the US through a non-US entity. This impacts all withholding agents in all countries and a thirty percent withholding tax can be imposed on undocumented account holders and non-compliant foreign entities. In response to this, Flowserve now requires that all US vendors provide a Form W-9 and all non-US (foreign) vendors provide a Form W-8.
- U.S. Vendors: This information relates to domestic vendors, with a U.S. permanent establishment or address. These vendors generally file US tax returns.
- Non-U.S./Foreign Vendors: This information relates to foreign vendors, with a permanent establishment of address outside of the U.S.
Coslada Facility Supplier Quality and Environmental Policy
Flowserve’s manufacturing and testing facility in Coslada, Spain seeks continuous improvement of its quality management system by establishing performance indicators and monitoring, measuring, analyzing and evaluating them as well as makes the protection of the environment a top priority by executing progressive plans to minimize pollution and improve the energy performance of its facilities and processes.