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Home arrow Business News arrow Flowserve to invest $30M to expand and upgrade facilities in Coimbatore
Flowserve to invest $30M to expand and upgrade facilities in Coimbatore Print E-mail
Written by Krishna Kumar   
Wednesday, 03 August 2011
Coimbatore: Flowserve Corporation will invest $30 million to expand and upgrade its current facilities in Coimbatore, India. The company currently operates a Coimbatore campus that has two manufacturing facilities producing a wide range of industrial and engineered pumps.

Flowserve will add a third facility to the campus that will produce high-energy pumps used extensively in nuclear and fossil fuel power plants. The new facility is expected to be completed in the fourth quarter of 2012.

"The addition of this third manufacturing facility allows Flowserve to expand our Coimbatore product portfolio to include a broader range of engineered pumps," said Tom Ferguson, president, Flowserve Flow Solutions Group.

"This key strategic initiative will give Flowserve a local source for high-energy pumps and allow us to participate in the rapid growth in both the nuclear and fossil fuel power generation markets in India," Ferguson added.

The power generation market in India is rapidly expanding with a significant number of nuclear and fossil fuel power plants planned over the next two decades. To meet this expansion, a large number of boiler feed water pumps, cooling water pumps and a variety of other high-energy pumps are needed. In addition to the power generation expansion, companies are investing several billion dollars to construct new petroleum refining capacity in India within the next few years.

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.

Including joint ventures, Flowserve employs approximately 2,500 people in India.

 
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