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FLOWSERVE BECOMES EXCLUSIVE GREENE, TWEED DISTRIBUTOR FOR WR COMPONENTS IN NORTH AMERICA
06 January 2004 - Greene Tweed & Co Benelux BV

Flowserve Corporation, a leading global manufacturer of fluid motion and control products and services, announces an alliance agreement for Greene, Tweed's WR® line (non-metallic engineered wear components) to be available to Flowserve's served aftermarket.

This exciting new alliance provides Flowserve customers with Greene, Tweed's innovative product line that provides superior service plus cost-effective and reliable solutions that reduce Mean Time Between Failure.

Andy Beall, Flowserve Flow Solutions division president, believes Flowserve's customers will reap added benefits from Greene, Tweed's WR offerings. 'This alliance supplements the broad product line already offered our end-user markets,' Beall said. 'Additionally, it represents another component to add customer value and delight our customers in the customer-centric environment Flowserve provides.'

Phil Paino, Greene, Tweed's president, views the alliance as an exciting opportunity for his organization. 'Our alliance with Flowserve provides access to its key market sectors, such as the chemical and refining industries, as well as complementing our sales and marketing strategies,' Paino said. 'We also anticipate this new union will provide greater opportunities for the application of our WR products in pumping systems to increase efficiencies and decrease total life-cycle cost for our mutual end-user customers.'

U.S. Department of Energy statistics show certain industrial plant operations pumping systems can account for up to 50 percent of all energy consumed. Applications employing Greene, Tweed's WR product line create operational improvements and savings through decreased costs while generating a positive impact on the environment. Greene, Tweed is a leading global manufacturer of wear materials, high-performance seals and engineered components. The company specializes in developing customized solutions for applications in aerospace, medical and biotechnology, fluid handling, industrial, oilfield and semiconductor industries. Greene, Tweed combines over a century of technical expertise and commercial knowledge to provide customers with engineered solutions for their applications. Greene, Tweed products are sold and distributed worldwide.

Flowserve Corporation is one of the world's leading providers of industrial flow management services. Operating in 56 countries, the company produces engineered and industrial pumps for the process industries, precision mechanical seals, automated and manual quarter-turn valves, control valves and valve actuators, and provides a range of related flow management services.

http://www.gtweed.com

About: Greene Tweed & Co Benelux BV
Greene, Tweed specialises in the development, manufacture and supply of rings, seals and profiles for industrial applications in which extremely high specifications are set for the material; brand names include Chemraz, WR and AR.

An early product in the portfolio, the G-T Ring, was introduced and approved for use in the landing gear of the F-4 Phantom in 1964. The G-T Ring remains a core product in Aerospace landing gear today.

As the business developed, strategy warranted the establishment of corporate headquarters in Kulpsville, Pa., USA. in the 1970s. With this foothold, the company expanded around the globe. In the early 1980s it introduced several versatile elastomers, such as Fluoraz, and designed pioneering product geometries, such as the first "capped seal." Arlon, a tough, high-temperature, semi-crystalline engineering polymer, also joined the product line, followed shortly by one of Greene, Tweed's most innovative products, Chemraz, a chemical-resistant elastomer, effective in the most extreme temperatures.

Recognizing the race toward a global economy, Greene, Tweed began geographic expansion by opening offices in Germany, England and France. By the mid 1980s, Greene, Tweed had established a presence in the Pacific with a Japanese office. The Asian market has maintained its pattern of growth with additional offices today in Singapore and Korea.

The turn of the century ushered in a new product, Orthtek, a lightweight, thermoplastic composite with high-strength and radiolucent properties, that satisfies the demands of the Medical and Biotechnology industry. Worldwide expansion has continued with new offices in the Netherlands, Italy and Spain. A tradition of creative and innovative ideas has also grown with the development of new products, from new composite technologies and vision systems to fibre optic connectors and extreme electrical connectors.

Greene Tweed’s WR and AR product ranges are distributed by Flowserve all over Europe. In Belgium the Greene Tweed & Co products are also distributed by Humitab BVBA in St.Job in ‘t Goor.


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