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Pump manufacturer Flowserve to expand India operations

According to a company news release, pump manufacturer Flowserve announced that it's investing $30 million to expand and upgrade its Coimbatore, India facility. The Flowserve facility there includes two manufacturing facilities that produce a range of industrial and engineered pumps. Flowserve plans to build a third facility on the campus to produce high-energy pumps used in nuclear and fossil fuel power plants.

There's a significant number of nuclear and fossil fuel power plans planned for construction in India over the next two decades. The plants will require lots of pumps including boiler feed water pumps and cooling water pumps. In addition to the growing power generation market, companies are also investing billions of dollars to increase the country's petroleum refining capacity.

"This key strategic initiative will give Flowserve a local source for high-energy pumps and allow us to participate in the rapid growth in both the nuclear and fossil fuel power generation markets in India," said Tom Ferguson, president of Flowserve Flow Solutions Group.

The additional facility will be completed in the fourth quarter of 2012, according to the Flowserve news release. The company currently employs 2,500 people in India. Based in Texas, Flowserve has operations in 55 countries