Velan is taking measures aimed at improving its operational efficiency and optimizing its manufacturing footprint in North America. Velan will consolidate valve manufacturing facilities in Quebec from three plants into two. The completion of the consolidation is scheduled for the end of 2020 or the beginning of 2021, allowing for reasonable time for a proper transition and avoiding impact on current orders in progress.
Recently, Velan reorganized into strategic business units. This is in line with work over recent years, under the umbrella of the corporate strategy, Velocity 2020, to pursue additional efficiencies, decrease costs, upgrade systems, improve on time delivery and maintain a reputation for high-quality industrial valves.