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Flowserve to supply valves for new Eldorado Cellulose pulp mill in Brazil

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Flowserve to supply valves for new Eldorado Cellulose pulp mill in Brazil

July 12, 2011 - 11:45

DALLAS, July 11, 2011 (Press Release) -Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, today announced it has signed a purchase agreement with Eldorado Celulose e Papel, S.A., a Brazilian pulp company, to supply control and on-off valves for a new plant.

This new plant, expected to be one of the world's largest single-line pulp plants when it becomes operational in October 2012, will be located in Três Lagoas, a city in the western state of Mato Grosso do Sul, Brazil. The plant is projected to have the capacity to process 1.5 million tons of dry pulp per year for export.

Under terms of the agreement, Eldorado plans to make future purchases of Flowserve NAF control valves, Flowserve Atomac, Flowserve PMV valve positioners and Flowserve Worcester Controls on-off valves, which will be used in the operation of the new plant after construction is complete. Flowserve signed the agreement in the second quarter of 2011 and expects to begin booking orders later in the year.

"This agreement is a testament to the strength of our product portfolio and our ability to provide local service to the customer through our local office in São Caetano," said Tom Pajonas, president, Flowserve Flow Control Division. "We are pleased to supply the products that help manage the flow of pulp for such a ground-breaking project."

Valves included in the order are expected to be manufactured at the Flowserve facilities in Linköping, Sweden; Ahaus, Germany; and São Caetano do Sul, Brazil.

About Eldorado Celulose e Papel:

Eldorado Celulose e Papel is a $2.5 billion construction project that brings together state-of-the-art technology - along with a focus on sustainability - to create the world's largest single-line pulp mill. The project, scheduled for completion by the end of 2012, will have the capability to produce 1.5 million tons of bleached pulp per year. The plant will use wood from planted eucalyptus forests, a 100% renewable source, as raw material. The pulp will be exported to paper producing markets in North America, Europe and Asia.

About Flowserve

Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves, as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's website at www.flowserve.com.