Flowserve has earned a Frost & Sullivan Best Practices Award as the 2009 Global Centrifugal Pumps Growth Excellence Company of the Year.
DALLAS --Apr. 13, 2009 -- Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, has earned a Frost & Sullivan Best Practices Award as the 2009 Global Centrifugal Pumps Growth Excellence Company of the Year.
The honor was presented to Flowserve at the Excellence in Industrial Technologies Awards Banquet hosted by Frost & Sullivan San Antonio, Texas, April 8, 2009. Accepting the award was Bob Rich, Strategic Marketing Director for Flowserve. This is the second time in four years that Flowserve has been recognized for its management and growth excellence. In 2006 Frost & Sullivan presented Flowserve with Best Practices Awards for Excellence in Customer Value Leadership and Global Vertical Market Penetration Leadership.
Frost & Sullivan research analyst Prasanna Mohan noted that the Best Practices Award reflects the Pump Division’s consistent revenue growth through innovative customer value programs, expansion of its global footprint, strong technological expertise and presence across diverse industries. Specifically mentioned was the pioneering Flowserve LifeCycle Advantage™ concept, a collaborative partnership with customers to minimize their total cost of pump system ownership. Other initiatives cited included Flowserve Intelligent Pump Systems, a series of automation and diagnostics solutions enabling customers to optimize asset efficiency, and its joint venture with Linde Group Munich, Germany to deploy iKompressor™ natural gas and biogas refueling systems.
Mohan said, “Flowserve continues to evaluate customers’ needs proactively and to exceed their expectations through a diversified business model and a highly engineered, comprehensive product offering. The organization has demonstrated superior ability to drive shareholder value while establishing robust growth across key end-user verticals. Frost & Sullivan is proud to present the Flowserve Pump Division with its 2009 Growth Excellence Company of the Year Award for customer value and technology leadership in the world centrifugal pumps market.”
“We are truly proud of our global team of knowledgeable, skilled associates who are focused on providing effective solutions to our customers every day,” said Tom Ferguson, President of the Flowserve Pump Division, “This award directly reflects their commitment to achieving our mission of being the best customer service pump company in the world.”