News

Velan Inc. reports solid fourth quarter financial results to close Fiscal year 2022/23 (2023/05/17)

Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourth quarter ended February 28, 2023.

Flowserve to Acquire Velan (2023/02/10)

Flowserve to Acquire Velan in an All-cash Transaction Valued at Approximately $245 million (C$329 million)

Velan Inc. reports solid third quarter 2022/23 financial results, with an improving trend in backlog, revenues and profit (2023/01/11)

Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its third quarter ended November 30, 2022.

Velan Inc. reports its second quarter 2022/23 financial results showing improvement over its first quarter (2022/10/14)

Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its second quarter ended August 31, 2022.

Velan Inc. reports its first quarter 2022/23 financial results with sales and gross margins comparable to the prior year (2022/07/07)

Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its first quarter ended May 31, 2022.

Velan Inc. reports strong fourth quarter and fiscal year 2021/22 financial results and reinstates dividend (2022/05/18)

Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourth quarter ended February 28, 2022.

Velan Inc. reports its strong third quarter 2021/22 financial results, highlighted by a significant increase in sales and improved margins (2022/01/12)

Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its third quarter ended November 30, 2021.

Velan Announces the resignation of CFO effective May 20, 2022 (2022/01/04)

MONTREAL, Dec. 10, 2021 /CNW Telbec/ - Velan Inc. (TSX: VLN) ("Velan" or the "Company") today announced that Benoit Alain has informed the Company of his decision to resign as Chief Financial Officer, for personal reasons.

Help Velan redefine and improve its website! (2021/11/23)

Velan is working on improving its website, and how it shares information about products and services with customers.

VELAN INC. ANNOUNCES ITS CEO TRANSITION PLAN (2021/10/21)

Velan Inc (TSX: VLN) today announced that in accordance with its succession plan, CEO Yves Leduc will leave Velan after seven years leading the Corporation. Mr. Leduc will remain in his current role until November 30th when he will be succeeded by the current President, Bruno Carbonaro, who will assume the role of CEO on December 1st.

VELAN Inc. reports its first quarter 2021/22 financial results (2021/05/31)

Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its first quarter ended May 31, 2021.

Two of Velan’s subsidiaries, Velan ABV Srl and Velan SAS, have secured contracts with a total value of US$63 million (2019/05/17)

In past weeks, two of Velan’s subsidiaries, Velan ABV Srl and Velan SAS, have secured contracts with a total value of US$63 million. The first, the extension of a previous order with MODEC and, the second, a contract with ITER for their tokamak cooling water system.

Velan announces the consolidation of its manufacturing operations (2019/01/11)

Through recent announcements, we are taking measures aimed at improving our operational efficiency and optimizing our manufacturing footprint in North America. As part of our optimization and specialization efforts in North America, we will consolidate our valve manufacturing facilities in Quebec (Canada) from three plants into two. The completion of the consolidation is scheduled for the end of 2020 or the beginning of 2021, allowing for reasonable time for a proper transition and avoiding impact on current orders in progress. The current production will be gradually integrated into our other valve facilities in Quebec and India, which will be focused on the production of specific valve lines to improve delivery and supply chain efficiency.

Velan awarded major offshore valve contracts in Singapore worth US$18 million (2018/07/26)

Velan Inc.'s wholly owned subsidiary located in Lucca, Italy, has been awarded important contracts for the supply of three different types of valves to MODEC Offshore Production Systems (Singapore) Pte. Ltd.

Combatting Fugitive Emissions through Innovation (2018/05/28)

Valve World Americas had the opportunity to speak with Vahe Najarian, Corporate Manager, Research & Development, about the company’s advancements in fugitive emissions technology and continued contributions to the industry at large.

Appointment of Duc Tran to the position of Vice-President, Engineering (2017/08/21)

Velan is pleased to announce the appointment today of Duc Tran as its new Vice-President, Engineering. He will be a key member of the Company’s Senior Management team and is succeeding to Gil Perez, who has assumed a new mandate as Vice-President, Product Technology and Strategic Initiatives. He will report directly to Yves Leduc, President and CEO of Velan Inc.

Velan launches the Securaseal R-series cast (2017/06/21)

(Houston, TX) Velan introduced the all new Securaseal R-series cast metal-seated ball valve at Valve World Expo in Houston, Texas. The new R-series cast product line leverages Velan’s extensive severe service technology and places it in an optimized package suitable for most processes with fluid slurries and high temperatures.

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