Flowserve Announces Agreement with Saudi Aramco for the Yanbu' Exporting Refinery Project
Tuesday, August 03, 2010
Flowserve Corp. has received final approval
from Saudi Aramco on a master purchase agreement to supply pumps, valves and
services for the Yanbu' Export Refinery Project (YERP).
Under the terms of the corporate procurement
agreement (CPA) established between Flowserve and Saudi Aramco, Saudi Aramco
plans to make significant future purchases of Flowserve pumps, valves and
value-added services. Flowserve expects to begin booking orders under the CPA
later in 2010.
Flowserve cited its Kingdom of Saudi Arabia
manufacturing facility, strong aftermarket support capabilities, broad product
portfolio, technology leadership, and long-standing partnership with Saudi
Aramco as its key reasons for winning this agreement. More…