News archive 
Velan SAS, Velan Inc.'s wholly owned subsidiary located in Lyon, France, has been selected by CNPE (China Nuclear Power Engineering Co ,Ltd.) and as a result, the CNEIC (China Nuclear Energy Industry Corporation) awarded an important contract to Velan for the supply of nuclear-classified gate and globe valves for the two new nuclear power plants of FuQing Units 3 and 4 located in Fujian province, China. The scope of supply is mainly high-pressure forged valves complete with electric or pneumatic actuators for service inside nuclear containment. These valves are scheduled for delivery from 2012 until 2014.
In this issue we introduce you to Velan ABV, the company's largest acquisition to date, show how Velan and MRC Transmark are a winning combination, shake things up with our earthquake testing, cover the top ten trends in oil and gas, and so much more!
Velan Inc. announced that its German sales distribution subsidiary, Velan GmbH, has booked an order of more than US$20 million to supply valves to a Russian boiler manufacturer for three 660 megawatt units of the Barh supercritical coal-fired power plant in India. The customer in India is NTPC Limited (National Thermal Power Corporation), the largest state-owned power-generating company in India.
Velan announced today its financial results for its first quarter ended May 31, 2011.
In this 32-page issue, we’re giving you the “Velan view” on the CERN Large Hadron Collider, talking to our representative Peter Gerster from Victory Sourcing about the importance of teamwork, traveling around the world in 14 days, and going big with cokers—and much more!
Montreal, Canada- Velan Inc., a leading manufacturer of industrial valves, reports that it has acquired 70% ownership of ABV Energy S.p.A., an Italian manufacturer of engineered valves, actuators and control systems supplied to energy markets. The Marianetti family will retain 30% ownership and Luca Marianetti will continue to be the President and CEO of the company, which will now be named Velan ABV S.p.A. Terms of the transaction, which is being funded out of the cash resources of Velan, were not disclosed.
