Flowserve has received two prestigious industry awards from global growth consulting company Frost and Sullivan honouring its market leadership in the pump sector
The two awards cite Flowserve's excellence in providing superior value to its customers and its global penetration in the oil and gas industry.
For the first award, Frost and Sullivan honored Flowserve as its 2006 North American growth excellence in customer value leadership recipient in the pumps solutions market space.
This award recognised Flowserve for its superior customer-centric business and market-leading customer satisfaction.
Frost and Sullivan noted that Flowserve has continued to expand its customer base by consistently addressing critical customer challenges and providing a one-stop shop for a complete range of dependable, reliable and cost-effective flow control products and solutions.
"Backed by sound technical expertise and a continuous focus on innovation, Flowserve has grown by delivering consistent customer value in a highly fragmented, competitive, and price-sensitive market space," said Dushyant Mehra, research analyst, Frost and Sullivan.
"Flowserve is undoubtedly the global leader in pumps, controls and associated system components that provide complete rotating equipment solutions for customers.
"Flowserve's strength lies in the broad product portfolio and application know-how that strongly emphasize its leadership in the pumps market.
"The wide range of highly reliable products, combined with profitable solutions offered by Flowserve, caters uniquely to customer needs".
With the second award, Flowserve was honoured as the 2006 Frost and Sullivan global vertical market penetration leadership award recipient for its market-oriented and strategic approach to offering highly reliable and efficient pump systems to the oil and gas industry.
Flowserve was recognised for consistently meeting the demand of the industry's extreme environments and challenging applications.
In presenting the award, Frost and Sullivan noted that no other manufacturer offers the breadth of pumps for refining and petrochemical processing, as well as pipeline and production (offshore, onshore, synthetic crude, liquid natural gas) that Flowserve does.
"Flowserve has consistently managed to provide innovative solutions and highly engineered pumps that are the hallmark of reliability in demanding industrial applications," said Mehra.
"The company continues to remain at the forefront in winning customers by providing timely delivery of pumping solutions and services of the highest quality."
