Flowserve new production block launched

With the opening of its new production block at its pump manufacturing facility here, Flowserve would continue to maintain its double digit growth, a top company official said today.
The new facility, with an additional investment in excess of USD 20 million will support the company's existing Indian operations and provide pump products for power and oil and gas industries throughout the Asia Pacific Region, Colin Chua, President, Asia Pacific, Flowserve, told reporters here.
Though there was a sluggishness in Indian economy for the last two years, the company witnessed over 10 per cent growth in the country and expected to maintain it, he said.

Refusing to give the details of revenue from Indian facilities, Chua said the country contributed about 20 per cent of the total global revenue of the company, which opened its first production facility here in 2007.
The expansion and dedication of the new facility here provided expanded testing capabilities for the customers in the region as well as opportunities for future market expansion, he said adding the expansion plans across India would be designed after the success of this facility.
Chua said that two-third of the products--process pumps for chemical and oil and gas markets were being marketed domestically and the remaining for export market.

Over 50 per cent of the production was catering to oil and gas sector and the remaining distributed between chemical and general industries, he said.
India, second largest revenue earner, next to China in the region, would be a major hub in the coming years for the company, which was expected to ramp up the production.
The new facility here will enhance the engineered manufacturing pump capability including single and multistage high energy API pumps, engineered boiler feed water pumps, concrete volute pumps, which will help to serve the demands in the infrastructure sectors of power, oil and gas and water, V Ashokan, Director, GM, Operations and Sales, said.