Capabilities Include Pump and Seal Manufacturing and Repair, Mechanical Seal Testing and Training

Dubai, United Arab Emirates, March 25, 2009 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced the grand opening of its state-of-the-art manufacturing, repair, refurbishment services and engineering applications support Quick Response Center (QRC) for pump and mechanical seal products. Located at the Jebel Ali Free Zone (Jafza), Dubai, UAE, the Flowserve QRC is designed to support Middle East and Arabian Gulf region customers in the oil and gas, petrochemical, power, water, desalination, chemical and other industries. 

"This outstanding new facility helps us deliver the best possible service to our customers in the region across our full spectrum maintenance, manufacturing, repair and test capabilities," said Lewis Kling, President and Chief Executive Officer, Flowserve Corporation. "Flowserve is proud to continue to add to our world-class product and service offerings through the addition of this facility to our global QRC network."

The Flowserve Gulf Free Zone QRC is part of the company's growing footprint of aftermarket service centers located near key customers around the world.  Flowserve QRCs are maintenance, repair, manufacturing and engineering facilities strategically located throughout the world to provide customers with local support to help improve equipment reliability.  The QRC network offers personal service, expertise and responsiveness to keep customers' equipment operating at peak performance.

The mechanical seal capabilities of the Dubai facility include a fully trained staff capable of providing design, application, and manufacturing services for engineered seals.  In addition to repairing and manufacturing seals, Flowserve also will provide on site installation and start up support.  The factory trained Rotating Equipment Specialists, together with best practices and industry-leading technology, allow Flowserve to offer an extensive seal upgrade program to help customers extend their seal life.

The Dubai facility has a state-of-the-art dynamic compressor gas seal tester capable of meeting the highest standards of the compressor seals installed in the region.  Compressor gas seals can now be fully serviced, repaired, dynamically tested and supplied to regional customers through the QRC.  Resident compressor seal specialists and application engineers can provide onsite technical expertise for installation, commissioning and trouble shooting.

"We are pleased to continue our investment in enhancing our local capabilities and footprint in the Middle East which demonstrates Flowserve's commitment to our customers in the region," said Jean-Claude Nasr, Director & General Manager of Middle East Operations & Sales for Flowserve.

The facility is designed to address the service and repair needs of all pump, mechanical and compressor seal products regardless of original manufacturer. 

Its capabilities include:
10,000 square meters
Full lifecycle equipment management, including Lifecycle Advantage™ programs, to reduce the total cost of ownership and improve operating efficiency
Upfront services such as product selection, installation and commissioning
Field performance testing and monitoring (including high-energy pumps to ensure system and energy efficiency)
On-site commissioning and repairs, laser alignments, technical services and training
Off-site maintenance and repair services; product overhauls, re-rates and upgrades
Customized stocking programs
General machine shop services including seal lapping
Materials selection and upgrades including hardening, welding and overlay services
Future training classes to offer pump and system hydraulics, applications, troubleshooting and other diagnostics to improve performance and reliability
The facility employs more than 100 people and is fully compliant with the local requirements

As part of its continued commitment to customers in the region, Flowserve also opened a joint venture QRC with Al-Rushaid Group in Dhahran, Saudi Arabia on March 22, 2009.  

-Ends-

About Flowserve Corp.
Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's Web site at www.flowserve.com.

SAFE HARBOR STATEMENT: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict.  These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products requiring sophisticated program management skills and technical expertise for completion; the substantial dependence of our sales on the success of the petroleum, chemical, power and water industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global petroleum producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; our furnishing of products and services to nuclear power plant facilities; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; risks associated with certain of our foreign subsidiaries conducting business operations and sales in certain countries that have been identified by the U.S. State Department as state sponsors of terrorism; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits, and tax liabilities that could result from audits of our tax returns by regulatory authorities in various tax jurisdictions; the potential adverse impact of an impairment in the carrying value of goodwill or other intangibles; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; changes in the global financial markets and the availability of capital; our dependence on our customers' ability to make required capital investment and maintenance expenditures; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.

For more information please contact:
FZS2 Building 06A/B
South Zone
Jebel Ali Free Zone
PO Box 17678
Dubai
UAE
Tel: + 971 4 888 21 61
Fax: + 971 4 888 31 61

Paul Fehlman
Treasurer and Vice President - Investor Relations
Tel: +1 (972) 443-6517

Lars Rosene
Chief Sustainability Officer and Vice President Public Affairs
Tel: +1 (972) 672-7817

© Press Release 2009