Velan Inc. designs, manufactures and markets on a worldwide basis a range of industrial valves for use in industry applications, including power generation, oil and gas, refining and petrochemicals, chemical, liquified natural gas (LNG) and cryogenics, pulp and paper, and shipbuilding. The Company is a player in steel industrial valves, operating 13 manufacturing plants worldwide. The overseas operations include manufacturing plants in France, Portugal, United Kingdom, Korea and Taiwan. The Company’s operations also include 50%-owned Korean foundry and a distribution company in Germany. In July 21, 2008, the Company sold its 50% interest in Velan S.r.l. (SRL) to BPS S.r.l. (BPS).
(Source: ARS) – less–ZoomInfo