Velan Inc.’s wholly-owned subsidiary Velan ABV, located in Lucca, Italy, has been recently awarded important contracts for the supply of multiple packages of actuated and manual valves to MODEC Offshore Production Systems (Singapore) Pte. Ltd. These orders are added to those already acquired in the last 12 months for sales over USD 30M and represent the continuation of Velan’s commitment and successes in FPSOs.
The scope of supply consists of high and ultra-high pressure forged valves whose compact design and special construction have significantly contributed to the improvement of the Customer’s process efficiency and will also improve and facilitate the daily operation of the Customer’s facilities. Deliveries are scheduled for the end of 2020 to early/mid-2021 (Q1 to Q2 FY22).
These results have been made possible thanks to Velan’s unrivaled know-how of industry processes and its capability to cooperate closely with customers, offering state-of-the-art customized solutions.
