Colfax Fluid Handling to provide pumps for Saudi Arabia power plant

Colfax Fluid Handling to provide pumps for Saudi Arabia power plant

Allweiler pump of the “SN” series

Radolfzell/Germany – 1/31/2013. Colfax Fluid Handling, a business of Colfax Corporation (NYSE: CFX), has received an order to deliver 21 of its Allweiler screw pumps valued at more than EUR 300,000 for a power plant in Saudi Arabia. The pumps will be an important part of a gas turbine power plant in Yanbu.

The order includes 21 pumps for moving heavy, crude (Arabian Light Crude or ALC), and lubricating oil. “Hanwha Corporation, our partner in South Korea, will provide systems for the plant; Hanwha has used these pumps in their systems for years,” said Stefan Kleinmann, Senior Director of Marketing and Business Development at Allweiler. “Their positive experience with Allweiler screw pumps and our expertise were decisive factors in granting us the order.”

Pumping liquids like heavy oil and ALC requires special seal types and materials that are selected to fulfill the operator’s specific requirements. Seals must comply with API standards and diagrams, sometimes in the form of double-acting mechanical seals and flushed seals. The materials, in particular, were required to meet very high quality standards. In addition to fulfilling these requirements, the ability to reliably provide on-site support at the power plant in Saudi Arabia as well as at equipment manufacturer (Hanwha Corp. in South Korea) was a critical factor in granting this order.

These pumps will operate on three gas turbine generators at the Yanbu II power plant. Each will provide 230 MW of output, forming one part of a seawater desalination plant. The generators are currently under construction with delivery from Hanwha anticipated early in 2013.

ABOUT COLFAX CORPORATION – Colfax Corporation is a diversified global manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under the Howden, Colfax Fluid Handling and ESAB brands. Colfax believes that its brands are among the most highly recognized in each of the markets that it serves. Colfax is traded on the NYSE under the ticker “CFX.” Additional information about Colfax is available at www.colfaxcorp.com.

ABOUT COLFAX FLUID HANDLING – Colfax Fluid Handling, a business of Colfax Corporation (NYSE: CFX), is a global leader in critical fluid-handling and transfer solutions for the commercial marine, defense, oil & gas, power and industry and total lubrication management markets. With a broad portfolio of technologies, products, systems and services and a deep base of application and engineering expertise, Colfax specialists work with customers to understand and focus on their toughest business challenges. As a result, Colfax can find and deliver the best customer solutions that provide the highest levels of reliability, efficiency and longevity with the lowest total cost of ownership. Colfax Fluid Handling encompasses the trusted product brands Allweiler®, COT-PURITECHSM, Houttuin™, Imo®, LSCSM, Rosscor®, Tushaco®, and Warren®.

CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements, including forward-looking statements within the meaning of the U.S. 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 Annual Report on Form 10-K 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 here in.
The term “Colfax” in reference to the activities described in this press release may mean one or more of Colfax”s global operating subsidiaries and/or their internal business divisions and does not necessarily indicate activities engaged in by Colfax Corporation.

Kontakt:
Allweiler GmbH
Stefan Kleinmann
Allweilerstr. 1
78315 Radolfzell
+49 (0)7732 86-525
stefan.kleinmann@colfaxcorp.com
http://www.allweiler.de

Pressekontakt:
TennCom AG
Dr. Kurt Christian Tennstädt
Hohentwielstr. 4a
78315 Radolfzell
07732 – 95 39 30
info@tenncom.de
http://www.tenncom.de