(Source: Business Wire)
Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it has received more than $45 million (USD) in orders from Westinghouse Electric Co. for four AP1000TM units at two new nuclear power plant sites under construction in the United States.
Awarded in the third quarter, Flowserve will provide critical safety-related valves, electric motor actuators, and non-safety-related control, ball and plug valves for the Westinghouse AP1000TM nuclear power plants.
"We are pleased to be selected by Westinghouse to serve their critical product needs for these new nuclear power projects in the U.S.," said Lewis Kling, Flowserve President and Chief Executive Officer. "Because of our decades-long commitment to the nuclear power industry, Flowserve is very well positioned to meet the needs of plant operators through our ability to supply a variety of highly engineered products and services to this growing market."
Flowserve valves will be used at two sites in the Southeastern United States. The two plants represent the first new nuclear power plant projects in the United States since 1977.
"As nuclear becomes an increasingly important means of power generation in the United States and around the world, Flowserve's expertise, global presence and network of Quick Response Centers (QRCs) allow us to meet our customers' needs, especially for safety related valve and actuator applications," said Tom Pajonas, President, Flowserve Flow Control Division. "It's these industry-leading product and engineering capabilities that have allowed us to successfully serve our customers in the nuclear power market for so many years," added Pajonas.
About Westinghouse Electric Co.
Westinghouse Electric Co., a group company of Toshiba Corporation, is the world's pioneering nuclear power company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse technology is the basis for approximately one-half of the world's operating nuclear power plants, including 60 percent of those in the United States. For more information visit the company's Web site at www.westinghousenuclear.com.
About Flowserve Corp.
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. More information about Flowserve can be obtained by visiting the company's Web site at www.flowserve.com.
