Flowserve
From Wikipedia, the free encyclopedia
| Flowserve Corporation | |
 |
|
| Type | Public (NYSE: FLS) |
|---|---|
| Founded | 1997 |
| Headquarters | Irving, Texas, USA |
| Key people | Lewis M. Kling, President and CEO Andrew J. Beall, Vice President; President, Flow Solutions Division Thomas E. Ferguson, Vice President; President, Flowserve Pump Division Thomas L. Pajonas, Vice President; President, Flow Control Division |
| Industry | Diversified Machinery |
| Products | Actuators Ball valves Butterfly valves Control valves Plug valves Mechanical seals Pumps |
| Revenue |  $3,100 million USD (2006) |
| Net income | $114 million USD (2006) |
| Employees | ~14,000 (2006) |
| Website | www.flowserve.com |
The Flowserve Corporation (NYSE: FLS) is a global supplier of pumps, valves, seals, automation, and services to the power, oil, gas, chemical and other industries. The Flowserve brand named originated in 1997 with a merger of BW/IP and Durco International. They have around 14,000 employees in more than 56 countries. Flowserve's headquarters is located in the Las Colinas area of Irving, TX, which is a suburb of Dallas, TX.
In July 2005, Flowserve underwent a leadership change. The board of directors announced Lewis M. Kling, COO at the time, as the new president, CEO, and a member of the board of directors.
Contents |
[edit] History
Flowserve was created in 1997 with the merger of two fluid motion and control companies – BW/IP and Durco International. Flowserve heritage dates back to the 1872 founding of Byron Jackson, one of the companies that became part of BW/IP.
[edit] Flowserve Heritage Brands
Flowserve is comprised of over 40 fluid motion and control products.
[edit] Flowserve Acquisitions
Flowserve has grown through mergers and acquisitions.
- Acquisitions under Flowserve Corporation
- 1997 - Merger of BW/IP and Durco International (Formation of brand name Flowserve)
- 1997 - Stork Engineered Pumps
- 2000 - Ingersoll-Dresser Pumps (IDP)
- 2000 - Invatec
- 2000 - Ecoon
- 2002 - Invensys Flow Control
- 2004 - Thompsons Kelly & Lewis (TKL)
- 2005 - Interseal
- 2006 - HydroTechnik
[edit] Timeline
[edit] 2006
- May 2006, Flowserve announced the opening of the Flowserve Learning Resource Center (LRC), part of Flowserve Educations Services, in Irving, TX. The LRC provides instructional labs, which offer hands-on technical facilities for pump, valve and seal system optimization and maintenance training. [1]
- June 2006, Flowserve signed a joint venture to build middle east's largest pump repair-manufacture-test-training facility in Saudi Arabia.[2]
- June 2006, Flowserve acquired HydroTechnik Olomouc, s.r.o., a privately held mechanical seal manufacturer based in Olomouc, Czech Republic.[3]
- June 2006, Flowserve filed its 2005 Form 10-K Annual Report with the SEC and announced financial results for 2005.[4]
- July 2006, Flowserve launched the Guardian 3000. It is Flowserve's smallest pump as well as their first electronics cooling pump. The pump is designed to cool computer processors and graphics chips in high-end consumer personal computers. [5]
[edit] Industries Served
- Oil & Gas
- Production, Refining, Pipeline, Gas Processing
- Power Generation
- Nuclear Power, Combine Cycle, Conventional Boiler
- Chemical Processing
- Acid Transfer, Caustic and Chlor-Alkali, Pharmaceuticals, Polymers, Slurry Processing, Solvents, Volatile Organic Compounds, Waste Processing, Auxiliary
- Water Resources
- Water Supply and Distribution, Water Treatment, Desalination, Flood Control, Ground Water Development and Irrigation, Wastewater Collection and Treatment, Snowmaking
- General Industry
- Mining, Primary Metals, Pulp and Paper
[edit] Educational Services
Flowserve has 4 training centers for students around the world to attend. They are in Irving, TX, Kalamazoo, MI, Houston, TX, and Baton Rouge, LA. The Learning Resource Center in Irving is 24,000 square feet with classrooms, static labs, and power labs with complete pumping systems.
[edit] Hurricane Katrina Relief
To support the Hurricane Katrina disaster relief, Flowserve donated $50,000 and matched up to $50,000 in employee donations to the Red Cross according to a CNN article.[6]
[edit] Corporate Governance
Current members of the board of directors of Flowserve are: Kevin E. Sheehan, Christopher A. Bartlett (DBA), Hugh K. Coble, Roger L. Fix, Diane C. Harris, George T. Haymaker Jr., Michael F. Johnston, Lewis M. Kling, Charles M. Rampacek, James O. Rollans and William C. Rusnack.
[edit] References
- ^ Flowserve Launches New Learning Resource Center Training Labs
- ^ Al Rushaid/Flowserve Joint Venture to Build Middle East's Largest Pump Repair-Manufacture-Test-Training Facility in Saudi Arabia
- ^ Flowserve Buys Czech Seals Maker
- ^ Flowserve Files 2005 Form 10-K
- ^ Flowserve Launches the Guardian 3000
- ^ Major companies -- including Home Depot and Ford -- pledge millions to hurricane relief efforts.
