Metso Enters Globe Valve Business

(Press Release)
Wednesday, March 07, 2012
Valstone's angle globe valves. (Photo: Metso)

Metso has strengthened its offering for customers in oil and gas and power by acquiring a globe valve technology and service company, Valstone Control Inc. in South Korea (Valstone).  The acquisition enables Metso to expand its offering for the oil and gas and power industries with globe valve technology, which plays a key role in most critical processes with extreme pressures and temperatures.
Valstone Inc. is a privately-owned globe valve and service specialist company. Valstone has an established customer base in Korean engineering, procurement and construction (EPC) companies and in domestic South Korean petrochemical and power generation industries.
Valstone’s globe valves add to Metso’s current wide portfolio of control valves, making Metso one of the strongest control valve suppliers.
Metso has ambitious targets to develop its valve business and services. This acquisition is preceded by a series of investments in its global offering and presence, also testifying to Metso’s commitment to growth. Last year, Metso opened a new valve technology center in Finland. In 2010 Metso, opened a new valve facility in Shanghai, China, and is currently expanding its valve production premises in the U.S., as well as building a new supply and service center in Vadodara, India. Additionally, Metso has high-class industrial valve facilities in Brazil and Germany.
“This is a strong message for our customers globally. We are in the business with a long-term strategy to continuously improve our technology offering and services to benefit our customers, who are facing increasing operating pressures and demand for more advanced applications,’’ said Markku Simula, President, Flow Control business line, Metso Automation.
The acquisition of Valstone strengthens Metso’s position in the Asia Pacific market area, which is one of the main growth areas for Metso’s valve technologies and services. In particular, it provides Metso with a key position to further improve its presence in the domestic South Korean market. With a combined technology offering, Metso can now offer South Korean customers a more comprehensive product offering and services.
Moreover, Metso further plans to develop partnerships with leading South Korean engineering, procurement and construction (EPC) companies. The region’s EPC companies have gained a strong market share in recent years, especially in the growing Middle East market, by winning contracts from major global customers.
“It is a clear benefit for us that we are now close to South Korean and other EPCs in the region. They are important partners, and we can offer them technology that is known and proven for them. This improves our position significantly when these companies choose key suppliers for new projects,’’ said Markku Simula.
 

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

New Products

First Subsea Wet Gas Compressor Installed

After several years of technology development, construction and testing the first subsea wet gas compressor in the world is now installed at the Gullfaks C platform in the North Sea.

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

Marine Equipment

Indonesia Expects Total to Decide on Mahakam within days

French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

Stena RoRo Charters Three Vessels

Stena RoRo has reached an agreement with the Finnish shipping company Godby Shipping to long-term charter their three RoRo vessels Misida, Misana and Miranda.

First Subsea Wet Gas Compressor Installed

After several years of technology development, construction and testing the first subsea wet gas compressor in the world is now installed at the Gullfaks C platform in the North Sea.

People in the News

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

Search for Missing after Philippine Ferry Sinks, 38 dead

Divers will search waters in the central Philippines on Friday for 15 people still missing after a ferry carrying 187 passengers and crew sank a day earlier,

MOL Renames Group Ship Management Co.

Mitsui O.S.K. Lines, Ltd. announced today that effective July 2, its wholly-owned ship management company for dry bulkers, New Asian Shipping Company, Limited

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Salvage Ship Electronics Ship Simulators 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: 0.2801 sec (4 req/sec)