Houston, Texas, Dec. 5, 2011 - Dresser-Rand, a global supplier of rotating equipment solutions to the oil, gas, petrochemical, power and process industries, is expanding its Turbine Technology Services facility in Houston, Texas to include a center of excellence for F-class rotor repair.
Dresser-Rand Turbine Technology Services currently has 88,000 square feet (8,175 square meters) under roof.
"In order to successfully repair the high-tech designs of F-class rotors, a fully equipped world-class facility complete with engineering capability and top technology are all required," said Dan Levin, general manager of Dresser-Rand Strategic Business Units for Gimpel® valves, Control Systems and Turbine Technology Services. "Our expanded repair facility in Houston has the capabilities needed to help clients better manage their rotors to meet or exceed the original design lives of those components."
The facility also provides high-quality repairs on mature and F-Class frame industrial gas and steam turbines and includes complete in-house coating capability, automated 5-axis laser welding, a metallurgical laboratory, a high capacity vacuum and conventional heat treating facility, and a machine and weld shop.
The facility is ISO 9001:2008 certified, providing clients with assurance that their utility gas and steam turbine repairs will be performed in compliance with the highest level of international quality control standards.
The new F-class rotor shop will add an additional 24,000 square feet (2229 square meters) with a 75-ton crane and 50 feet under hook, adequate for F-class rotors up to Frame 9. The newly expanded area will allow Dresser-Rand to provide service for all brands of industrial gas and steam turbine rotors, including blade replacement, un-stacking and re-stacking, balancing, and nondestructive testing.
"Combined with our world-class component repair and expert engineering staff, the addition of F-class rotor repair provides an important service alternative for North American operators," Levin said.
In addition to the Houston facility, Dresser-Rand is globally expanding its industrial gas and steam turbine repair capability. Locations in South America, Europe and Asia are currently being equipped with additional capacity, and personnel are being trained to provide regional repair solutions for clients around the world.
Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in the United States, France, United Kingdom, Spain, Germany, Norway, India, and China, and maintains a network of 45 service and support centers (including 6 engineering and R&D centers) covering more than 140 countries. Dresser-Rand has principal offices in Paris, France, and Houston, Texas.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, the Company's plans, objectives, goals, strategies, future events, future bookings, revenues, or performance, capital expenditures, financing needs, plans, or intentions relating to acquisitions, business trends, executive compensation, and other information that is not historical information. The words "anticipates", "believes", "expects", "intends", "appears", "outlook", and similar expressions identify such forward-looking statements. Although the Company believes that such statements are based on reasonable assumptions, these forward-looking statements are subject to numerous factors, risks, and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include, among others, the following: potential for material weaknesses in its internal controls; economic or industry downturns; the variability of bookings due to volatile market conditions, subjectivity clients exercise in placing orders, and timing of large orders; volatility and disruption of the credit markets; its inability to generate cash and access capital on reasonable terms and conditions; its inability to implement its business strategy to increase aftermarket parts and services revenue; its ability to implement potential tax strategies; competition in its markets; failure to complete or achieve the expected benefits from any future acquisitions; economic, political, currency and other risks associated with international sales and operations; fluctuations in currencies and volatility in exchange rates; loss of senior management; environmental compliance costs and liabilities; failure to maintain safety performance acceptable to its clients; failure to negotiate new collective bargaining agreements; unexpected product claims and regulations; infringement on its intellectual property or infringement on others' intellectual property; its pension expenses and funding requirements; difficulty in implementing an information management system; and the Company's brand name may be confused with others. These and other risks are discussed in detail in the Company's filings with the Securities and Exchange Commission at www.sec.gov. Actual results, performance, or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them does, what impact they will have on results of operations and financial condition. The Company undertakes no obligation to update or revise forward-looking statements, which may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, except as required by applicable law. For information about Dresser-Rand, go to its website at www.dresser-rand.com.
Company Contact: Blaise Derrico, Director Investor Relations (713) 973-5497