Flowserve Corp. (FLS) announced that it has signed a joint venture agreement with the Italy-based high performance valves maker, Valbart Srl.
The joint venture was named Flowserve/Valbart Flow Control Srl, and it will allow the two companies to work to deliver an innovative, cost-saving solution to oil and gas applications, a trunnion control ball valve.
By combining Valbart's proven trunnion-mounted ball valves with the high performance noise and cavitation-reducing trim designs from Flowserve, Flowserve/Valbart Flow Control Srl trunnion control ball valves will be designed to provide the same level of performance as larger globe valves.
The joint venture agreement was signed in the fourth quarter of 2009. Manufacturing will take place at a Valbart facility operated by the joint venture, located in Mezzago, Italy.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.