Flowserve Expands Presence in Latin America


Flowserve Corporation announced it is expanding its presence in the Latin America power generation industry by supplying pumps to Maire Tecnimont Group (Italy), one of the major European Engineering Contractors with a leading position in the regional market of power generation.

The orders refer to two power stations located in Chile: Bocamina II for Endesa, and Puerto Coronel for Colbun.

"These orders demonstrates Flowserve s commitment to the Latin America market, and reflects the strength of our pump offerings for the global power industry," said Tom Ferguson, Flowserve Pump Division President. "We are very pleased that the depth of our product portfolio and the sales and service provided by our global team enabled us to support this project."

The order represents part of a drive in Chile to increase power generation capacity dramatically in order to sustain economic growth. Both plants feature single reheat, coal-fired boilers and will generate electricity for local domestic and industrial use. Each plant has an output in excess of 350MW.

"Given the well known need for increased electric power across the globe, Flowserve is well positioned to substantially grow its power market installed base in the future," said Lewis Kling, Flowserve President and Chief Executive Officer.

With an installed global base of more than one million pumps, the Flowserve Pump Division has sales offices, service centers and manufacturing facilities throughout the world. Flowserve s Latin American facilities can provide best-in-class service to the two power stations to ensure a rapid delivery of pumps, parts and technical support to minimize equipment or plant downtime.

The order was booked in a previous quarter in 2008.

About Flowserve

Flowserve Corp. is one of the world s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.

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