FLOWSERVE CORPORATION 
By Grand Opening of New QRC Slated for September 19
DALLAS, September 9, 2013 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced the opening of its new and expanded Quick Response Center (QRC) in Aberdeen, United Kingdom. A grand opening event is scheduled for Thursday, September 19. The Aberdeen QRC is designed to provide high-quality service for rotating equipment to pump and seal customers in the upstream oil and gas, general industrial, and power industries. The new facility offers far more flexibility when it comes to the size and types of pumps it can handle, because it is equipped with an eight-ton lifting capacity (versus a three-ton capacity in the previous facility).
A comprehensive range of technical and support services is available from the Aberdeen QRC, including: off-site maintenance and repair services; product overhauls, re-rates and upgrades; on-site installation, commissioning and repairs; and educational services. These services are provided for all rotating equipment, regardless of the original equipment manufacturer.
At approximately 1,400 square meters (15,000 sq. ft.), the new facility is approximately three times as large as the previous one and represents a continuing, significant investment in the growing Aberdeen market. The added space will also allow for additional staffing to meet the growing need for pump and mechanical seal repairs and offshore field service.
"We expanded the Aberdeen QRC because our growing level of business in the region demanded it," said Kirk Wilson, president, services and solutions operations, Flowserve. "The new facility not only increases our capability to provide premium local services to our U.K. and North Sea offshore customers, but it also allows us to help them reduce the total cost of ownership for their rotating equipment."
The Aberdeen QRC, located less than a mile from the existing one, is a "green facility," as it possesses its own geothermal system (consisting of underground heating throughout the office, workshop and yard) as well as solar heating and a rainwater recovery system. It is part of the company's growing footprint of aftermarket service centers located near key customers around the world, offering an extensive range of services and solutions. The Flowserve QRC network offers personal service, expertise and responsiveness to keep its customers' equipment operating at peak performance.
Investor Contact: Mike Mullin, director, investor relations, (972) 443-6636
Media Contact: Amy Allen, manager, Global Communications, (972) 443-6501
About Flowserve: Flowserve Corporation is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in the global financial markets and the availability of capital and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers' ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our foreign subsidiaries autonomously conducting limited business operations and sales in certain countries identified by the U.S. State Department as state sponsors of terrorism; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
# # #
HUG#1728213
|
distributed by
|
