New Int’l Valve Group Created

Thursday, May 28, 2009

Valco Group announced its entrance into the market for industrial valves. The new group, with revenues of about $100m in 2008, currently operates in the oil & gas, marine and energy & industry sectors. Valco Group has been formed from the Norwegian and French valve operations of the former Flowtech division of Technor Group.

Valco Group, with its head office in Stavanger (Norway), has five operational units: The factory Westad Industri in Norway, the two French factories: Malbranque and SNRI, the sales and distribution company Valco Valves & Automation (Norway) and Technor Valve Services (to be renamed Valco Valve Services) (France). The Group has approximately 400 employees, and is owned by leading private equity investor and oil and gas specialist HitecVision, who acquired the Technor Group in 2006.

The companies in Valco Group have valves for handling of high pressures, low temperatures as well as sour gas (H2S). The Valco Group has defined four main market segments:
•    Oil & Gas upstream
•    Oil & Gas downstream
•    Marine sector (LNG and LPG vessels, oil and chemical tankers)
•    Energy and industry (power plants and chemical industry)

(www.valcogroup.no)
(www.westad.com)
(www.snri.fr)
(www.malbranque.com)
(www.t-va.no)

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Navy Autonomous Underwater Vehicle Delivery Milestone

Commander, Submarine Development Squadron 5 (CSDS 5), Detachment UUV, informs of the delivery of Large Training Vehicle 38 (LTV 38), an unmanned undersea vehicle (UUV),

Info-X Invests in $5m Headquarter Expansion

Transportation solutions provider capitalizes on outsourcing trend Info-X Software Technology, provider of software solutions and back-office support to U.S.

Daihatsu Joins ClassNK Research Project

Classification society ClassNK announced that it will embark on a joint research project together with Daihatsu Diesel Mfg. Co., Ltd. Through the partnership, ClassNK

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1845 sec (5 req/sec)