Colfax Wins EUR 1 Million Contract to Supply Pumping System to Brunei Shell Petroleum
March 16 2009 - 10:38AM
PR Newswire (US)
HONG KONG, March 16 /PRNewswire-FirstCall/ -- Colfax Corporation
(NYSE: CFX), a global leader in fluid-handling solutions for
critical applications, announced today a EUR 1 million sale of
pumping systems to Brunei Shell Petroleum (BSP). Four Houttuin
twin-screw pumps and five VFD control panels included in the
purchase will facilitate processing of oily water at BSP's Seria
Crude Oil Terminal (SCOT) oil exporting facility. "This is a
breakthrough sale for Colfax in Brunei. Phase-3 of the BSP Seria
project will begin next year and Colfax is well positioned to
expand supply," said Michael K. Dwyer, Senior Vice President and
General Manager of Colfax Asia Pacific. Colfax attributes the
successful sale to their product's excellent reputation,
competitive price and their organization's comprehensive technical
expertise. Colfax's ability to deliver on a tight schedule was also
key -- the pumps will arrive on site by August and plant operations
start at the end of 2009. Colfax has a ten-year presence in the
Asia Pacific and well-established manufacturing and client bases in
the region. Colfax Asia Pacific awarded its 2008 Best Newcomer
Distributor Sales Award to Suasana Mentari Engineering Services of
Brunei, demonstrating the importance Colfax places on its new
Brunei operations. ABOUT COLFAX CORPORATION -- Colfax Corporation
is a global leader in critical fluid-handling solutions, including
the manufacture of positive displacement industrial pumps and
valves used in global oil & gas, power generation, marine,
naval and a variety of other industrial applications. Key product
brands include, Allweiler, Fairmount Automation, Houttuin, Imo,
LSC, Portland Valve, Tushaco, Warren and Zenith. Colfax is traded
on the NYSE under the ticker "CFX." Additional information about
Colfax's products, businesses and practices is available at
http://www.colfaxcorp.com/. ABOUT COLFAX ASIA PACIFIC -- Colfax
Asia Pacific serves the unique fluid-handling needs of customers in
the region, with a broad product portfolio, deep application
expertise and strong local presence. The network of Colfax offices,
engineering support centers, production facilities, and authorized
distributors and agents in both China and India helps ensure
responsive delivery of and service for Colfax pumping systems and
replacement parts. Cautionary Note Concerning Forward-Looking
Statements This press release contains forward-looking statements,
including forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, but are not limited to,
statements concerning Colfax's plans, objectives, expectations and
intentions and other statements that are not historical or current
facts. Forward-looking statements are based on Colfax's current
expectations and involve risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
in such forward-looking statements. Factors that could cause
Colfax's results to differ materially from current expectations
include, but are not limited to, factors detailed in Colfax's
reports filed with the U.S. Securities and Exchange Commission as
well as its Registration Statement on Form S-1 under the caption
"Risk Factors". In addition, these statements are based on a number
of assumptions that are subject to change. This press release
speaks only as of this date. Colfax disclaims any duty to update
the information herein.
http://www.newscom.com/cgi-bin/prnh/20080508/DC21739LOGO
http://photoarchive.ap.org/ DATASOURCE: Colfax Corporation CONTACT:
Colin Cheng of Colfax Corporation, +852-2136-8023, Web Site:
http://www.colfaxcorp.com/
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