Flowserve Corp - Company Profile
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Business Description
Flowserve Corp (Flowserve) is the leading manufacturer and aftermarket service provider of comprehensive flow control systems worldwide. It specializes in flow control products and services for global infrastructure industries such as oil and gas, power, chemical, water, and other general industries.
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R&D Overview
Flowserve continues to invest in the development of new products, increasing its capabilities with respect to customers’ demand and usage. The company also invests in its product platform and develops innovation to improve its competitive position in major markets. This includes the global chemical industry, and the engineered equipment industry, specifically upstream, offshore, and downstream applications for the oil and gas market. In FY2020, it spent US$39.9 million on R&D, which as a percentage of revenue, stood at 1.1% and grew 16.7% YoY.
Business Segments
Overview
Designs, manufactures and distributes control valves, engineered and industrial valves, actuators and controls and related services. Key products and services include valve automation systems, electro pneumatic positioners, control valves, digital positioners, ball valves, pneumatic positioners, gate valves, intelligent positioners, globe valves, electric/electronic actuators, check valves, pneumatic actuators, butterfly valves, hydraulic actuators, lined plug valves, diaphragm actuators, lined ball valves, direct gas and gas-over-oil actuators, lubricated plug valves, limit switches, non-lubricated plug valves, digital communications, integrated valve controllers, valve and automation repair services, and diagnostic software. Key brands include Accord, Anchor/Darling, Durco, Edward, Flowserve, Kammer, Limitorque, McCANNA/MARPAC, NAF, Nordstrom, PMV, Serck Audco, Valbart, Logix, Valtek, Worcester Controls, Argus, Noble Alloy, Atomac, Norbro and Automax. In FY2022, the segment capital expenditure stood at US$17.2 million, that grew 39.9% YoY.
Performance
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Overview
Designs, manufactures, distributes, and offers pre-test and service for specialty and highly engineered custom and pre-configured pumps, pump systems, auxiliary systems, mechanical seals, replacement parts, upgrades and related aftermarket services. Also, manufactures replacement pumps and provides a full array of replacement parts, repair and support services. Key products and services include single and multistage between bearings pumps, overhung pumps, positive displacement pumps, vertical pumps, positive displacement pumps, single stage overhung pumps, between bearings pumps, mechanical seals and seal support systems, vacuum systems and specialty products. Used in petrochemical, oil and gas, chemical, power generation, water management and general industries. Key brands include BW Seals, Byron Jackson, Durametallic, Durco, Flowserve, GASPAC, Halberg, Innomag, IDP, Interseal, Lawrence, LifeCycle Advantage, Labour, Meregalli, Niigata Worthington, Five Star Seal, Worthington-Simpson, Readyseal, Pacific, Pacific Weitz, Pac-Seal, Scienco, SIHI, TKL, United Centrifugal, Western Land Roller, Worthington, Calder Energy Recovery Devices, and others. In FY2022, the segment capital expenditure stood at US$17.2 million, that grew 39.9% YoY.
Performance
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Geographical Segments
Target Markets
Asia and Australia.
Performance
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Target Markets
Europe, the Middle East, and Africa.
Performance
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Target Markets
Canada and Latin America.
Performance
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Performance
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