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.
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 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.
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.
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.
(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.