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

New Products

RCH Engineers New Steering System

Rio Controls & Hydraulics (RCH) said it has developed a new steering system by modifying existing inductive sensors used in the oil and gas industry to reach a

MAS Debuts Exclusive Armor Systems

Following on from the continued success of the product, Marine Armor System (MAS) announced its global launch and updated website. MAS is a nonlethal vessel

Ben3D Introduces ContainerTug 600S

Ben3D BV Naval Architecture introduce in collaboration with Oonincx Shipbuilding BV the innovative ContainerTug 600S. A strong, compact Dutch built workboat with

Marine Equipment

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Van Oord acquires 100% control of Dravo

Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A.  Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.

People in the News

Putin Welcomes New NATO Head

Russian President Vladimir Putin welcomed NATO's selection of former Norwegian Prime Minister Jens Stoltenberg as its new head, saying on Saturday the pair

Coast Guard tactical air squadron holds change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday.

Captain of capsized S Korean Ferry Arrested

The captain of a South Korean ferry that capsized, leaving 29 people dead and 274 others missing, was arrested on Saturday, the country's Yonhap news agency said.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.3895 sec (3 req/sec)