Flowserve Inks $18.4 Mil. Pump Deal in Brazil

June 17, 2009

Flowserve Corporation (www.flowserve.com), a provider of flow control products and services for the global infrastructure markets, today announced its Brazilian subsidiary received several related orders worth a total $18.4


Flowserve Corporation (www.flowserve.com), a provider of flow control products and services for the global infrastructure markets, today announced its Brazilian subsidiary received several related orders worth a total $18.4 million from Brazil’s Petrobras, the seventh largest oil company in the world. The deal is Flowserve’s largest contract in Brazil to date.

As part of the agreement, Flowserve received orders for vertical wet pit and vertical canned pumps, which will be used to load petroleum onto bulk stations and terminals at two ports in the Brazilian cities of Rio de Janeiro and Vitoria.

The orders support Petrobras’ Plangas initiative, which is the company’s plan to increase Brazilian gas production capability by 3-5 percent by 2010.

The Flowserve Rio de Janeiro and Taneytown facilities will work together to deliver the pumps to Petrobras. The Rio de Janeiro facility will manufacture all fabricated parts and supply electric motors locally.

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