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Flowserve
Flowserve

-12.54%

Industry & manufacturing / Pumps, valves, end face mechanical seals

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Flowserve Corporation is a multinational corporation that specializes in fluid motion and control products and services. The company was founded in 1997, but its history dates back to 1790 with the founding of Simpson and Thompson, a British pump manufacturer. Today, Flowserve has over 17,000 employees and operates in more than 55 countries.
The company's products and services include pumps, valves, seals, automation, and services for the power, oil and gas, chemical, and water industries. They also offer aftermarket and repair services and provide total solutions for customers' fluid motion and control needs.
Flowserve is committed to sustainability and has implemented various initiatives to reduce its carbon footprint and promote environmental responsibility. They also prioritize safety, quality, and diversity in their operations.
Flowserve has been recognized for its industry-leading technology and has received numerous awards for its products and services. The company's mission is to provide unparalleled fluid motion and control solutions to help their customers improve efficiency, reliability, and safety.
In addition to their business operations, Flowserve also engages in philanthropic efforts through their Flowserve Foundation, supporting communities and organizations around the world.
Overall, Flowserve is a global leader in fluid motion and control, striving to provide innovative solutions to their customers while maintaining a commitment to sustainability and social responsibility.
What is special about the company?
There are several things that make Flowserve stand out as a company:
1. Global Reach: Flowserve has a strong global presence, with operations in over 50 countries and customers in more than 100 countries. This allows them to serve a wide range of industries and markets, and provide localized support to their clients.
2. Diverse Product Portfolio: Flowserve offers a diverse range of products and services, including pumps, valves, seals, and automation. This allows them to cater to a wide range of customer needs and industries, making them a one-stop shop for fluid handling solutions.
3. Innovative Technology: The company has a focus on research and development, and has a history of introducing new and innovative products to the market. This commitment to innovation has helped them stay ahead of the competition and meet the evolving needs of their customers.
4. Strong Industry Experience: With over 200 years in the industry, Flowserve has built a strong reputation as a reliable and trusted provider of fluid handling solutions. Their experience and expertise allow them to understand the needs of their customers and provide customized solutions.
5. Environmental Sustainability: Flowserve is committed to sustainability and has implemented measures to reduce their environmental impact. This includes developing energy-efficient products and implementing sustainable practices in their operations.
Overall, Flowserve's commitment to global presence, innovation, customer service, experience, and sustainability set them apart as a leading company in the fluid handling industry.
What the company's business model?
Flowserve is a leading global provider of fluid motion and control products and services for various industries, including oil and gas, power, chemical, water, and mining. The company's business model is based on four main components:
1. Product innovation and development: Flowserve invests in research and development to continuously improve and develop new products and technologies to meet customers' evolving needs.
2. Diversified and global customer base: The company serves a wide range of customers in different industries and operates in over 55 countries worldwide, providing a diversified revenue stream.
3. Aftermarket service and support: Flowserve offers a comprehensive range of aftermarket services, including installation, maintenance, repair, and upgrades, to ensure the reliability and performance of its products throughout their lifecycle.
4. Distribution network and strategic partnerships: The company works closely with its distribution partners and strategic alliances to expand its global reach and provide its customers with a complete solution for their fluid motion and control needs.
Overall, Flowserve's business model is focused on providing high-quality products, services, and solutions to its customers while maintaining a strong global presence and relationships with key partners. This approach has helped the company to build a strong reputation and maintain a competitive advantage in the market.
Interesting facts about the company
1. The origins of Flowserve can be traced back to 1790, making it one of the oldest companies in the industrial sector.
2. Flowserve is a global company with operations in over 55 countries and customers in more than 170 countries.
3. The company’s name, Flowserve, reflects its dedication to providing flow control solutions and services.
4. Flowserve manufactures and sells a wide range of products, including pumps, valves, seals, and fluid motion and control equipment.
5. The company has over 18,000 employees worldwide, with a strong focus on innovation and technical expertise.
6. Flowserve’s products and services are used in a variety of industries, such as oil and gas, power generation, chemical processing, and water management.
7. The company has a long history of supporting its local communities through various charitable and volunteering initiatives.
8. In 2019, Flowserve was named one of the World’s Most Ethical Companies by the Ethisphere Institute for the 11th consecutive year.
9. Flowserve has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact.
10. The company has received numerous awards and recognitions for its products, services, and corporate culture, including being named one of the Best Companies to Work For by Forbes magazine.
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