Description of Circor International Inc's Business Segments
Energy
Energy is a global provider of highly engineered integrated flow control solutions,
valves and services primarily in the Oil & Gas end market.
We are focused on satisfying our customers’ mission-critical application
needs by utilizing advanced technologies. Our flow control solutions can withstand
extreme temperatures and pressures, including land-based, topside, and sub-sea
applications. Energy is growing its product offering in the severe service sector,
which includes applications such as process control, oil sands, pressure control
and cryogenic applications.
We plan to grow Energy by expanding our capabilities in Oil & Gas - upstream,
mid-stream and downstream, including through acquisitions.
Energy is headquartered in Houston, Texas and has manufacturing facilities
in the North America, United Kingdom, Italy, and the Netherlands.
Markets and Applications
Energy serves an increasing range of energy-focused global markets. Key to
our business strategy is targeting additional markets that can benefit from
our innovative products and system solutions. Markets served today include Oil
& Gas: upstream (on-shore and off-shore), mid-stream and downstream applications.
The upstream and mid-stream markets are primarily served by our large international
project and North American short-cycle businesses, and downstream markets are
served primarily by our refinery valves and instrumentation and sampling businesses.
Upstream Oil & Gas: These markets commonly include all the equipment between
the outlet on the wellhead to the mainline transmission pipeline and it also
incorporates all the activities associated with the installation of this equipment.
Mid-stream Oil & Gas: This market begins at the mainline transmission pipeline
and extends to the fence around the refinery or petrochemical plant. It includes
certain ancillary equipment - as well as the gas processing plants that prepare
and purify raw natural gas for entry into the major pipeline systems and Liquid
Natural Gas (LNG) processes. This also includes value added engineering and
pipeline services to the pipeline integrity market.
Downstream Oil & Gas: The downstream market includes the refining, distillation,
stripping, degassing, dehydrating, desulpherizing, and purifying of the crude
oil to its constituent components as well as the conversion of natural gas to
methane.
Non-Oil & Gas Market: This market includes highly engineered, innovative,
and value-added solutions in analytical and low-flow fluid control applications
in a safety conscious, timely, and environmentally friendly manner.
Energy provides its flow control solutions and services through the following
significant brands:
Circle Seal Controls, CIRCOR Tech, Contromatics, DeltaValve, Dopak Sampling,
GO Regulators, Hoke-Gyrolok, Hydroseal, KF Valves, Mallard Control, Pibiviesse,
Pipeline Engineering, TapcoEnpro, and Texas Sampling.
Products
Energy offers a range of flow control solutions (distributed and highly engineered)
and services, including:
Valves (from 1/8 inch to 64 inches in diameter)
Engineered Trunion and Floating Ball Valves
Gate, Globe and Check Valves
Butterfly Valves
Instrumentation Fittings and Sampling Systems, including Sight Glasses &
Gauge Valves;
Pipeline pigs, quick opening closure, pig signalers; and
Delayed coking unheading devices and fluid catalytic converter valves.
For our manufactured valve products, we are subject to applicable federal,
state and local regulations. In addition, many of our customers require us to
comply with certain industrial standards, including those issued by the American
Petroleum Institute, International Organization for Standardization, Underwriters’
Laboratory, American National Standards Institute, American Society of Mechanical
Engineers, and the European Pressure Equipment Directive. We also need to meet
standards that qualify us to be on authorized supplier lists with various global
end users. In February 2017, our manufacturing facility in Milan, Italy received
a notice from the American Petroleum Institute (API) that the facility no longer
met its certification standards. We are evaluating the most expeditious process
for recertification of our Milan facility. This notice does not impact any of
our other facilities that hold the API certification. We do not currently expect
this matter to have a material impact on our financial position or results of
operations.
Advanced Flow Solutions
Advanced Flow Solutions ("AFS") is a diversified flow control technology
platform. Our primary product focus areas are valves, actuation, motors, switches,
high pressure pneumatic systems, steam and process loop flow management solutions.
AFS products are used in aerospace, defense, power and process, and general
industrial markets. These products are primarily focused on the following end
markets: Aerospace and Defense, Power and Process, HVAC, Maritime and Industrial
Gas.
We plan to grow Advanced Flow Solutions by increasing market share in existing
and new markets through exceptional sales and customer service enabled by innovative,
reliable and high quality solutions. Product portfolio expansion through acquisitions
of differentiated technologies in current and adjacent applications is also
a key part of our growth strategy
We have Advanced Flow Solutions facilities in North America, United Kingdom,
France, Germany, Morocco, and India. Our Advanced Flow Solutions headquarters
is in Corona, California.
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