industry update
Electrosteel Castings acquires Singardo International
Electrosteel |
Castings |
has |
acquired |
2,765,000 |
equity |
shares of Singardo International |
for Rs 41.50 crore , making |
Singardo |
a |
wholly |
owned |
subsidiary of the company . |
Each share was valued at 1 Singapore dollar . Singardo operates in the water , gas and telecom sectors , trading in Electrosteel Brand ductile iron ( DI ) pipes and fittings , European gas valves and polyethylene pipes for gas applications . The acquisition aims to expand Electrosteel ’ s market presence in South East Asia , Far East and ASEAN regions for DI pipes and fittings . Additionally , Electrosteel plans to leverage Singardo ’ s global sales network for sourcing and trading products used in water , gas and infrastructure industries .
IMI wins valve contract for net-zero ethylene cracker
IMI has secured a contract to supply transfer line and decoke valves for the first net-zero carbon emissions ethylene cracker in Canada . The package includes 15 36- inch IMI Z & J double disc through conduit ( DDTC ) gate valves , each incorporating the patented IMI Z & J Beluga
Hump erosion protection device . This innovative solution addresses potential erosion issues in the hazardous environment of ethylene units . IMI Z & J DDTC valves are engineered to robust , fail-safe designs and tailored to customer specifications for demanding operating conditions .
Unico Mechanical Corp secures USD 28M hydro plant contract
Unico
Mechanical Corp has been awarded a USD 28M contract by the U . S . Bureau of Reclamation to replace two 156-inch butterfly valves at the Blue Mesa Hydro Electric Powerplant in Colorado . This project , part of the Colorado River Storage Project , aims to enhance the plant ’ s operational efficiency and reliability .
The scope includes replacing two 156-inch butterfly valves and hydraulic systems , refurbishing two 84-inch ring follower gates and making associated structural modifications . Key technical aspects involve installing custom-designed butterfly valves with stainless steel seats and advanced hydraulic actuators , rehabilitating ring follower gates and replacing outdated hydraulic power units . Set to begin in December 2024 with completion expected by September 2028 , Unico Mechanical will collaborate with Adams Valves on the design and fabrication of the butterfly valves .
96 Valve World November 2024 www . valve-world . net