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Pentair Valves Awarded Contract for China’s Largest Nuclear Plant

Pentair Valves & Controls has been awarded a contract to supply more than 200 high-pressure, electric-operated gate and check valves for units 3&4 of the Tianwan nuclear power plant, the largest nuclear plant in China.

The Sempell safety relief and isolation valves are due to be installed in the main steam and emergency core cooling systems in the two new VVER-1000 reactors by 2016. The parts will be manufactured in Germany.

Rotork Providing Actuators for Colombian Bicentennial Pipeline

Rotork EH electro-hydraulic actuators have been selected for a pivotal new oil pipeline under construction in South America. The Colombian Bicentennial Pipeline will improve the country’s crude oil transportation infrastructure and keep pace with burgeoning production. The three-stage project will run for nearly 1000 km from the Llanos region of the country to the port of Coveñas on the Pacific coast. The pipeline will encompass 42 and 36-inch pipe diameters and have a capacity of up to 600,000 bbl/d of crude oil when completed in early 2016.

The first phase of the project includes the laying of a 226 km pipeline from Araguaney to Banadia. For this, Rotork EH actuators have been situated at strategic locations along the route of the pipeline for control of 42-inch Class 900 pipeline ball valves. http://www.rotork.com/en/media/view-article/newsID/1635/  

Powell Valves, M.A. Stewart Reach Canadian Distribution Agreement

The Wm. Powell Company (Powell Valves) and M.A. Stewart & Sons Ltd. have entered into a formal agreement for M.A. Stewart to represent and distribute Powell Valves in Canada.

“Powell’s legacy, coupled with M.A. Stewart’s resources of strategically placed distribution centers, 18 technical outside sales representatives and 23 inside sales and capital project representatives, will provide much improved, more localized sales and inventory offerings to support our existing and new Canadian customers and end-users,” Tim Fries, Powell Valves vice president of sales and marketing for North America and international, said.

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Metso Selling Process Automation Systems Business to Valmet

Metso Corporation and Valmet Corporation have entered into an agreement on the sale of Metso's Process Automation Systems business to Valmet. The enterprise value of the transaction is €340 million. The divestment is in line with Metso's new strategy announced in July 2014, under which Metso will focus on the product and services businesses for the mining, aggregates and oil & gas industries. When announcing its new strategy, Metso also stated its intention of studying alternatives for its Process Automation Systems business.

The transaction, which is estimated to be closed by April 1, 2015, is subject to approval by competition authorities. Metso expects to book a significant capital gain after the closing. 

Velan Reports Third Quarter 2014/15 Financial Results

Lower margins and higher administration costs for Velan Inc. resulted in a drop in year-over-year net profit in the company's most recent quarter. Net earnings amounted to $4.8 million or 22 cents per share in the three months ended Nov. 30, down from $8.3 million or 38 cents in the comparable year-earlier period, the company announced. Revenue rose to $127.3 million from $115.6 million. The $11.7 million (10.1%) increase in sales was due to the shipment of large export orders in the quarter.

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Valve Magazine Digital Edition

15 WNT CVR 160x214Inside the Winter 2015 issue…

• Your Control Systems Are at Risk!
• Building a Better Workforce
• Focus on the Offshore Market
• Forgings: Quality with a Cost

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