Velan has been recently awarded important contracts for the supply of multiple packages of actuated and manual valves to MODEC Offshore Production Systems (Singapore) Pte. Ltd. These orders are added to those already acquired in the last 12 months for sales in excess of $30 million.
The scope of supply consists of high and ultra-high pressure forged valves whose compact design and special construction have significantly contributed to the improvement of the customer’s process efficiency and will also improve and facilitate the daily operation of the customer’s facilities. Deliveries are scheduled for end of 2020 to early/mid-2021 (Q1 to Q2 FY22).