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VELAN INC.

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VELAN INC. - Energy & Power showcase

Industry

Energy & Power

Services

Gate, globe, and check valvesCryogenic valves Series
V

VELAN INC. Employee Contacts

14 verified contactsNames, job titles, seniority and locations

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VELAN INC. Overview

Velan Inc. is one of the leading manufacturers of industrial steel valves. It provides various products under its gate, globe, and check valves category, which includes cast and forged steel gate, globe, check, ball, triple-offset, and knife gate valves. The company provides its products to various end-use industries, such as refining & petrochemicals, power generation, oil & gas, pulp and paper, mining, LNG & cryogenic, and water & wastewater.

Velan Inc. has 13 production facilities, of which four plants are located in North America, four plants are in Europe, and five plants are in Asia-Pacific. It has two stocking distribution centers in the US and Germany, 60 service shops, and several distributors. The company has a presence in several countries across the world, including China, France, Germany, India, Italy, South Korea, Portugal, Taiwan, and the US.

Company Snapshot

$455,750M

Revenue

Key Developments

DateApproachDevelopment
July 2018Contracts and AgreementsVelan Inc. received a contract from MODEC Offshore Production Systems (Singapore) Pte. Ltd. worth USD 18 million to supply forged valves and axial check valves. This helped the company increase the revenue generated from the global market

Product Offering

  • VELAN INC.
    • Gate, globe, and check valves
    • Cryogenic valves Series

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Revenue fell from USD 455,750 Mn in 2015 to USD 337,963 Mn in 2018.
VELAN INC. — By Business Segment
Series (USD Mn)2015201620172018
Revenue455,750426,895331,777337,963

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