05242018Thu
Last updateThu, 24 May 2018 12pm

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Cameron Acquires DynaTorque From Hines Corp.

Cameron acquired the DynaTorque line of products and services from Hines Corporation. The business will now be offered through Cameron’s Flow Control division, part of the Cameron’s Drilling & Production Systems group.

Source: Cameron

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ITT Second Quarter Revenues Up

ITT Corporation reported second quarter revenues for Fluid Technology topped $1 billion for the first time ever, representing year-over-year growth of nearly 17%. Top-line growth in the segment was driven by strong organic revenue growth of 10%, led by robust international sales.

 Source: ITT

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Curtiss-Wright Flow Control Reports Second Quarter Results

Flow Control sales for the second quarter of 2008 were $226.7 million, up 39% over the comparable prior year period due to solid organic growth and the contribution from our 2007 acquisitions. Organic sales growth was 11% in the second quarter of 2008 over the comparable prior year period.

Source: Curtiss-Wright

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Nuclear Valve Contracts Awarded to Velan SAS France

Velan SAS, Velan Inc.'s wholly owned subsidiary located in Lyon, France, has been selected by CNPEC to supply high-pressure forged valves for six nuclear power plants in China. These nuclear power plant projects are located in Hong Yang He, Ning De and Yang Jiang, and the valves are required to be supplied during our 2010 and 2011 fiscal years.

Source: Velan

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Velan Inc. Announces Sale of its Jointly Held Italian Company

Velan announced that it has entered into a definitive agreement with BPS S.r.l. for the sale of its 50% interest in Velan S.r.l., the sale was completed on July 21st, 2008.

Velan and BPS, which is owned by five senior executives of SRL, established SRL in 2003 to manufacture Trunnion Mounted API6D and 6A ball valves. SRL, whose name has been changed to Valbart, will continue to supply valves to the Velan Group.

 

Source: Velan

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