industry
update
Velan supports Canadians for CANDU campaign
Burhani Engineers completes motorised gate valve project
Velan has announced its support for Canadians for CANDU , a campaign promoting the deployment of CANDU nuclear technology domestically and internationally . The initiative aims to support Canadian and global efforts to reach net-zero emissions .
Launched on 28 February 2024 , Canadians for CANDU is led by Co-Chairs Jean Chretien , former Prime Minister , and Mike Harris , former Ontario Premier . Laurent Pefferkorn , Executive Vice President of Velan , stated that the company has supplied products to every operational CANDU power plant . He added that Velan ’ s Canadian-made nuclear valves are widely used in the industry and that the company intends to maintain its role in the nuclear sector ’ s development .
Burhani Engineers has completed the supply , installation and commissioning of 10-24 inch motorised gate valves for an oil and gas project . The valves , selected per API standards , are designed for high-pressure pipeline conditions . Burhani seamlessly integrated the new valve system into existing refinery infrastructure , minimising downtime . The motorised gate valves enable remote operation , enhancing efficiency and personnel safety . Their integration into automated control systems allows precise pipeline flow control critical for safe refinery operations .
Chemtech Industrial Valves announces funding plan
Chemtech Industrial Valves Limited has announced a private placement of 2,300,000 equity shares at Rs 200 each and 750,000 convertible warrants at Rs 50 each , set for the second week of August 2024 . The total expected proceeds amount to Rs 497,500,000 ( approximately USD 6 million ).
Participants in the transaction include Taurus Infrastructure Fund , Primus Teq Power Private Limited , Rozad Tech ( India ) Private Limited , Capri Global Holdings Private Limited and Devansh Trademart LLP , along with individual investors . The company ’ s board of directors has approved the transaction .
Asahi / America promotes Mark Monroe to VP of Sales
Asahi / America , Inc has promoted Mark Monroe to Vice President of Sales for the East and Central Regions of the United States after over 11 years with the company , most recently as Regional Sales Manager for the Central Region . Monroe ’ s industry experience and knowledge will aid him in overseeing sales in the expanded territory comprising the eastern and central United States .
78 Valve World October 2024 www . valve-world . net