Flowserve wins lucrative Chinese contract

Manufacturing News, Source : The Manufacturer US
Published : 31 Jan 2008 9:08

Flowserve Corporation has been selected to provide the China Nuclear Power Engineer Co., Ltd. with concrete volute pumps for the first phases of both the Hongyanhe and Ningde Nuclear Power Plant projects

Flowserve Corporation, a leading global provider of fluid motion and control products and services (NYSE: FLS), has been selected to provide the China Nuclear Power Engineer Co., Ltd. with concrete volute pumps for the first phases of both the Hongyanhe and Ningde Nuclear Power Plant projects. The order is estimated to be between $25 and $30 million (USD).

The company has been processing the order and expects the bookings to be reflected this quarter.

Hongyanhe is the first nuclear power project to be built in northeast China and is located in Dalian City, Liaoning Province. A total of six generating units are planned for the site, which will be constructed in several phases. The first phase, which will include two generating units, is scheduled to be completed in 2011.

The Ningde nuclear power project is located in Qinyu Town, Ningde City, Fujian Province. This plant will have six units that will be constructed in three phases. The first phase of the project will include two units and has an estimated completion date of 2012.

"This contract is a result of Flowserve's focus on the nuclear power market in China," said Flowserve Pump Division President Tom Ferguson. "Our Flowserve Changsha joint venture worked closely with our partner Changsha Pump Works on the plan for local manufacturing, which positions us well in this growth market as China adds nuclear power generating capacity over the next two decades."

China plans to significantly increase the country's installed nuclear power to approximately four percent of the country's total installed capacity by 2020. To reach this goal, China must build about 32 nuclear power units of the size of the planned Hongyanhe and Ningde projects in the next 15 years, according to the Chinese National Development and Reform Commission.

The Hongyanhe Nuclear Power Plant project is a joint venture among China Guangdong Nuclear Power Holding Co., Ltd. (CGNPC), China Power Investment Corporation (CPIC) and Liaoning Construction Investment Group. The Ningde Nuclear project is a joint venture of Guangdong Nuclear Power Investment Co., Ltd. and Datang International Power Generation Co., Ltd. CGNPC will be responsible for the project construction and the operation of the first five years after commercial operation with participation from CPIC.

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