Flowserve Dedicates Shop Near Shanghai

Flowserve Corp., a leading provider of fluid motion and control products and services, held a dedication ceremony Monday at its new pump, valve and seal manufacturing facility in Suzhou, China. The state-of-the-art facility will support the company's existing China operations in Beijing, Shanghai, Dalian, and Shenzhen by providing pumps, valves, seals and services to the oil and gas, power, chemical processing and water sectors as well as other industries. This new 15,000-square-meter facility will begin full manufacturing operations in the first quarter of 2007.

A key step in Flowserve's global strategy, the facility is located in the Suzhou Industrial Park, 100 kilometers outside of Shanghai. This location is ideally positioned to help Flowserve expand its growing global customer base.

This site will provide a platform for continued growth in China and the region. Flowserve plans to manufacture several of its pump, valve and seal product lines for the domestic and export markets as well as have engineering, assembly and test capabilities on-site.

"China and the Asia-Pacific region continue to be key drivers of our global growth as a company," said Flowserve President and CEO Lewis Kling. "We are very excited about this significant addition to our already existing footprint in China. With its excellent location, efficient infrastructure and forward-looking leadership, Suzhou is an ideal base to build our production capacity."

"The core industries we serve, such as oil and gas, power, chemical and water are growing significantly in the region, and this new facility is designed to serve our customers more effectively by offering an excellent center for manufacturing and local sourcing," Kling said.

Flowserve's products are designed to withstand extreme temperatures, caustic chemicals, intense pressures and other demanding conditions in some of the most remote and developing geographies. These products and services combined with over 200 years of experience enable Flowserve to support critical infrastructure projects that are essential to delivering growth in the region.

"This new facility is designed to provide our industry-leading products and services to address the region's strong growth plans," said Flowserve China President Josh Fu. "Our company is committed to the principle of sustainable development, and this will be reflected in how we operate this facility, how we partner with the local community and in the solutions we offer to our customers."

"I am very pleased to take part in this significant moment at the Flowserve Suzhou dedication ceremony," said deputy mayor of Suzhou Municipal Government Zhou Wei Qiang. "Under Mr. Kling's excellent leadership, we believe Flowserve will enjoy outstanding success and has a very promising future in Suzhou and in China."

Flowserve's goal for the remainder of 2006 is to complete the interior build-out of the facility and to train new employees on Flowserve's manufacturing and continuous improvement processes. The facility should begin full manufacturing operations in the first quarter of 2007.

Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.