Flowserve Signs Joint Venture with Valbart
Thursday, December 17, 2009
Flowserve Corp. announced it has entered into a joint
venture agreement with Valbart Srl, an Italian manufacturer of high performance
valves. The joint venture agreement was signed in the fourth quarter of 2009.
Manufacturing will take place at a Valbart facility operated by the joint
venture, located in Mezzago, Italy.
"Bringing together proprietary technology from both
Flowserve and Valbart should allow us to deliver a more cost-effective, high
performance solution for oil and gas customers than was previously
available," said Tom Pajonas, President, Flowserve Flow Control Division.
"The joint venture will take proven control valve technology and apply it
to an established design from the ball valve market, which should result in a
lower total cost of ownership for customers." More…