|
|
Article: Flowserve Updates Costs and Benefits of Previously Announced Realignment Initiatives.(Company overview)
- Article from:
- Chemicals & Chemistry
- Article date:
- November 13, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Flowserve Corp. (NYSE:FLS), a global leader in the fluid motion and control industry, confirmed that it has already seen substantial benefits from its previously announced realignment initiatives, achieving 2009 benefits of approximately $17 million year to date and delivering a projected full year run rate savings of about $60 million, on about $41 million of planned initial 2009 realignment expense. As part of its previously communicated realignment initiatives, the Company improved its global cost structure and manufacturing efficiency through headcount reductions and several facility closures.
The Company announced that it will embark on an expansion of these ...
Related newspaper, magazine, and journal articles:
|