Flowserve Corporation (FLS - Analyst Report) recently received an order to provide plug-and-ball valve products in order to meet customer needs for extensive mining applications. The $9 million order was awarded by a new nickel ore processing facility based in Long Harbour, Newfoundland, Canada.
Flowserve has been chosen by the Canadian mining company given its ability to provide a comprehensive line of valves needed to cover the wide variety of applications at the nickel ore processing plant. The varying and complex methods used to extract and process minerals present the most demanding pump services in the industry.
Therefore, be it pumping rough surfaces or chemical reagents, the comprehensive range of products and broad industry experience offered by Flowserve has always led to an unmatched leadership position in mining and mineral processing.
Flowserve has been delivering its expertise to the industry’s toughest services for more than 10 decades. Flowserve today is one of the leading providers of new pumping technologies required for the deep field bitumen recovery.
The order of valves for the nickel ore mining facility was booked in the year 2012. Flowserve’s flow control division that primarily caters to the engineered and industrial valves, control valves reported sales growth of 5.7% in 2012. The increase was primarily driven by customer original equipment sales in the oil and gas and chemical industries.
Flowserve currently holds a Zacks Rank #3 (Hold) while some other important players in the same industry such as Graco Inc. (GGG - Snapshot Report), Ingersoll Rand Plc (IR - Analyst Report) and AECOM Technology Corporation (ACM - Analyst Report) carry a Zacks Rank #2 (Buy).