Substantial Order Placed with Flowserve at ACHEMA Show

10.06.2003

Flowserve Pump Division today announced a substantial order for three large WUC vertical double casing pumps from Tractebel Gas Engineering in Bonn, Germany (a subsidiary of Tractebel, Belgium).

The pumps are to be used on transfer duty in the tank farm of the BASF-YPC Company Limited IPS Project in Nanjing, China.

The pumps will be working on a particularly onerous application, transferring liquid ethylene at -30ºC. The client selected the Flowserve WUC pumps, which have a design limit of -104ºC, for this critical duty because of their robustness and reliability.

This is the latest order achieved for the IPS Project by Flowserve Pump Division’s German sales organization. Flowserve has several significant manufacturing, servicing and sales operations in Germany, as well as in other European locations. The WUC pumps are manufactured at the Flowserve plant in Brunn, Austria.

The plant in Nanjing is a Sino-German joint venture between BASF and Sinopec to produce dimethyl formamide (DMF), a building block in the production of vinyl resins and polyacrylic fibers. The current phase will see production increase from 10,000 tonnes per year to 40,000 tonnes per year by 2005 with a total investment of 2.5 million Euros.

Flowserve Corporation (NYSE:FLS) is one of the world’s leading providers of industrial flow management services. Operating in 30 countries, with 2002 sales of $2.25 billion and more than 10,000 employees, the Company produces engineered pumps, precision mechanical seals, automated and manual valves and valve actuators, and provides a range of related flow management services.

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