Flowserve Signs Valve Manufacturing Joint Venture with S&A Abahsain
Wednesday, February 25, 2009
Flowserve Corporation announced the signing of a joint venture agreement with S&A Abahsain Co. Ltd., a diverse Saudi Arabian business entity, spanning industry, trading, construction, real estate and services.
Building on existing joint ventures with the Flowserve Pump and Seal divisions, Abahsain and Flowserve have expanded their relationship to include the manufacturing of control valves, ball valves, plug valves, butterfly valves, and electric and pneumatic actuators for the oil and gas, petrochemical, power and water industries.
The joint venture, called Flowserve/Abahsain Flow Control Company Ltd., will begin initial manufacturing from a temporary facility in Al Khobar, Saudi Arabia. A new facility capable of manufacturing the full line of valve products is planned to be constructed in Dammam in 2009, and is expected to be operational by January 2010. More... |
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