Flowserve Receives Inaugural Award for Business Cooperation From Indo-American Chamber in Chenna, , India
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Company's Long-term Support of Indo-U.S. Business Relations Honored at Award Ceremony
Chennai, India- April 12, 2007 - Flowserve Corp. (NYSE: FLS), today was honored as the recipient of the Indo-American Chamber-Sanmar Indo-U.S. Business Cooperation Award. Lewis Kling, President and CEO of Flowserve accepted the award in Chennai, India on behalf of the company, who has had manufacturing operations in the country for over 40 years. Flowserve is a world leader in fluid motion and control products and services to the oil and gas, power, chemical processing and water sectors as well as other industries.
In its inaugural year, the award was developed to recognize the efforts of individuals and business enterprises for their significant contribution in promoting Indo-U.S. relationships through business and economic activity. The award serves as a benchmark for excellence in building relationships between India and the U.S.
The award was presented by R. Anand, Chairman of the Indo-American Chamber and N. Sankar, Chairman of Sanmar Group, at a ceremony in Chennai attended by U.S. and India government leaders and representatives of the international business community.
The award recognized Flowserve's business relationship and operations in India, which date back over 40 years. In addition to its history in the region, Flowserve has company offices in Bangalore, Chennai and Coimbatore as well as joint venture partners located in Chennai, Hubli and Coimbatore.
"It is truly an honor to be recognized by the Indo American Chamber for the business relations we have fostered with India," said Lewis Kling, President and CEO of Flowserve. "We are extremely pleased with the business environment in India and believe it is critical for our long-term success as a leader in our industry."
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- ranging from oil and gas pipelines to chemical processing - that are essential to delivering regional and global growth.
"Flowserve has been a great example of a company who has displayed corporate citizenship and Indo-U.S. business relationships with India for many years," said David Hopper, U.S. Consul General. "It is because of this long-term commitment that they are being recognized today."
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.
Photo caption--Hiren Shah, Secretary IACC; David Hopper, U.S Consul General to India; N. Sankar, Chairman-Sanmar Group; Lewis Kling, President and CEO-Flowserve; R. Anand, Chairman-Indo American Chamber; K.V. Rangaswamy, President- Larson and Toubro ECC (From left to right).
