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Flowserve lands $18.4-million in pump deal in Brazil

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DALLAS--Flowserve Corp.’s Brazilian subsidiary has received several related orders worth a total $18.4 million from Brazil’s Petrobras.

Flowserve received orders for vertical wet pit and vertical canned pumps, which will be used to load petroleum onto bulk stations and terminals at two ports in the Brazilian cities of Rio de Janeiro and Vitoria. The orders support Petrobras’ Plangas initiative, which is the company’s plan to increase Brazilian gas production capability by 3-5% by 2010. Gas will be supplied to the terminal from offshore production.

The Flowserve Rio de Janeiro and Taneytown facilities will work together to deliver the pumps to Petrobras. The Rio de Janeiro facility will manufacture all fabricated parts and supply electric motors locally.

06/18/2009

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