Flowserve to supply more valves to Chinese nuclear power plants

March 31, 2009 – Flowserve received two significant orders from Westinghouse Electric Company for AP1000 nuclear power projects in China.

Flowserve announced in May 2008 that it received an order to supply main steam isolation valves for two Westinghouse nuclear power plant projects in China. Since that time, Westinghouse has also placed additional safety related valve orders to include main feedwater isolation valves and motor-operated gate and globe valves for two AP1000 Westinghouse nuclear projects in China.

“These orders signify our continued leadership position in the nuclear power market and reinforce our commitment to this industry in supplying valves for nuclear power plants and in particular, our ability to meet our customers’ stringent quality requirements,” said Lewis Kling, Flowserve President and Chief Executive Officer.

These additional orders were recorded as bookings in 2008.

The latest order, booked in fourth quarter 2008, represents the first motor-operated valves (MOV) to be purchased for the new Westinghouse AP1000 reactor. The MOV order includes Flowserve Anchor/Darling gate valves, Flowserve Edward globe valves, and Flowserve Limitorque motor operators.

“We were pleased to have received these additional valve orders from Westinghouse for their new passive AP1000 nuclear power plant design,” said Tom Pajonas, President of the Flowserve Flow Control Division. “Flowserve has the uncommon ability to design, produce and service nuclear safety-related motor-operated valve packages, as both the motor operator and valve manufacturer.”

The new plants, located in Sanmen, Zhejiang province, and Haiyang, Shandong province, are expected to be operational in 2013 and 2014, respectively. Westinghouse was selected to supply a total of four AP1000 nuclear power plants in China.

About Flowserve Corp.
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.

About Westinghouse Electric Co.
Westinghouse Electric Co., a group company of Toshiba Corporation, is the world's pioneering nuclear power company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse technology is the basis for approximately one-half of the world's operating nuclear power plants, including 60 percent of those in the United States.