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 August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Neander Deal Sees Yanmar Return to Diesel Outboards

Marking its return to the diesel outboard market, engineering company Yanmar Marine International (YMI) has reached an agreement for exclusive distribution rights

3Si Group Launches Offshore Division

3Si Group, whose global portfolio of marine safety products and services covers commercial, leisure and military markets, has announced the formation of 3Si Offshore,

Canadian Frigates Get a Radar Upgrade

German navigation system manufacturer Raytheon Anschütz has completed factory acceptance tests and delivery of 12 sets of navigation radars for the Canadian Navy’s Halifax-class frigates.

 
 
Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.2165 sec (5 req/sec)