Company Overview - Fluitek Orsenigo Valves

Company Overview
Two brands - One project
Fluitek Orsenigo Valves (FOV) is a global designer and manufacturer of engineered
Ball Valves for the Oil & Gas Industry. The Company has a long history, it was
established in 1987, operating under the Orsenigo brand. Started a new life under
present ownership since 2011.
Friulco Spa was acquired by FOV in August 2012, doubling production capacity
overnight and expanding its range of specialty products to the high-end Gate, Globe
and Check (GGC) valves for the Oil & Gas, Energy and Petrochemical industries. Friulco
designed and manufactured GGC valves since 1990.
Under new ownership and management, the two companies are being integrated to
build a centre of excellence in the specially engineered valve industry, providing
customized solutions and competitive responses to the major Engineering,
Procurement and Construction (EPCs) and Oil & Gas Companies (NOCs/IOCs).
Shareholders and Management
The financial and industrial resources of two large manufacturing groups and their
combined wealth of potential synergies are the backbone of the Fluitek Valves project. The
shareholding team also includes the company’s current executive management and a
financial institution.
The industrial shareholders are:
– Sices 1958 SpA, financial holding of The Sices Group (www.sicesgroup.com)
– SBI Spa, financial holding of Mecaer Aviation Group (MAG, www.mecaer.com)
The Sices Group operates globally in the design, supply, erection and maintenance of
pressure vessels, heat exchangers, skid mounted plants, boilers and complete process
plants for the Oil & Gas, Chemical & Petrochemical, Energy & Power, Environmental &
Recovery and Nuclear sectors. The Group has a direct presence in several countries and
employs over 800 units.
Mecaer Aviation Group (MAG) is a leading international provider of solutions for Aircraft
Landing Systems, MRO Services, Aircraft Modifications & Completions. MAG has a global
presence in the aviation market, with 5 operating plants in Italy, Canada and USA and over
500 employees.
World class, high quality products
The integrated company’s high quality product range includes:
 forged steel high pressure, high temp ball valves, from ½ inch to 60
inches diameter for special applications and harsh environment, including
cryogenic and subsea (80% of 2012 sales sized ½ to 24 inches).
 Cast and forged steel gate, globe and check valves ranging in size from 2
to 48 inches in diameter. These products are designed for high pressure
and high temp application within the Oil & Gas (upstream – GGC valves;
downstream – through conduit type of valves) and Energy industry
(«pressure seal» valves).
All products are engineered-to-order (Eto), designed and manufactured to
customer specs, using a variety of body joining types, special materials and paint
types.
Valves can be assembled with actuator components from selected third party
manufacturers.
Main Applications (1/2)
Key end markets and applications for FOV products are:
•
Oil & Gas Production
– Ball and Gate Valves, API 6A ISO 10423 standards. High pressure (5000 to
15000 psi), special materials and extreme service conditions. Typical
applications are off-shore platforms, FPSO (Floating, Production, Storage,
Offloading) vessels.
•
Oil & Gas Transmission
– On/Off service products: Ball, Through Conduit Gate, Swing Check valves, API
6D/6DSS ISO14313/14723 standards. Valves must resist to hyperbaric outside
pressure environment in applications such as the subsea transmission lines.
•
Oil & Gas Processing
– Ball, Gate, Globe, Check Valves, (swing, tilting disc and piston check). API
600/6D/ANSI/SME B16, 34, EN 12516. Special material combinations to
support sour oil and gas service, fluids containing particles. Bolted bonnet
design and pressure seal bonnet for higher pressure classes.
Main Applications (2/2)
•
Power Generation
– Cast and forged construction, wedge or parallel slide slide gate valves, swing
check, globe and stop check type of valves.
– Products for high pressure and very high temperature service applications.
Media are high pressure feed water and superheated steam (650 degrees
continuous service).
– Design based on pressure seal bonnet for ideal sealing at high pressure.
Material composition, heat treatment, welding preocedures and
manufacturing processes are designed with safety and life-cycle of product in
mind
– Typical application: a safety three way switch valve for by-pass pre-heating
water system in case of malfunctioning or a stop check y-patter globe valve
acting as a non return piston check with stem in the open position
Market Presence
FOV’s experienced Sales & Marketing Team works directly with selected global EPCs and
end users, together with local representatives in key areas, such as UAE, Brazil, South East
Asia, USA. Agents network is bound to expand in 2013, targeting new geographical areas
and selected markets.
From the start, in 2011, FOV management has successfully repositioned the company to
serve the needs of Tier 1 EPCs in large projects, focusing on complex and demanding
applications, such as:
– Qusahwira Field Dev., in UAE – NPCC, Adco as end user
– South Yoloten in Turkmenistan – Petrofac, SC Turkmengas as end user
– Shah CDS, UAE – Punj Lloyd, Adco as end user
– P58, 62, 66, 67, 68, 69, 70, 71, 72, FPSOs in Brazil – UTC, SBM Offshore,
Tomè/Ferrostaal, Iesa; Petrobras as end user
– Bukit Tua, Indonesia – Technip, Petronas Carigali Ketapang as end user
In a period of just over 30 months, FOV has been selected by over 30 major global
customers and awarded over 120M€ of new projects (FOV Order Book) to date.
Global Customer Base
•
Fluitek and Friulco high quality products are approved by many of the major end
customers. The company is on the Approved Vendor List and holds major
accreditations for key players of the global martketplace.
•
FOV has a global customer base of blue-chip EPCs and Oil & Gas Companies.
Among others:
Brazil Market Position
•
FOV has been supplying valves to Brazil since several years, even before current
ownership.
•
The history of repeat orders with UTC, SBM Offshore, Consorcio Tomè Ferrostaal,
Iesa for Petrobras have consolidated FOV’s position in a market that shows great
potential for the next 4 years (Petrobras Strategic Plan calls for 240B$ to be
invested in this period).
•
FOV is one of the main supplier of Double Block and Bleed valves for the local
Brazilian market and one of the first within Petrobras list of supplier for this type of
special valves for the FPSOs (FOV valves installed or to be installed in over 13
FPSOs). FOV is one of the main supplier of Double Block and Bleed valves on the
Pre-Salt Operation (including applications on H2S service).
Facilities and Manufacturing (1/2)
•
FOV operates from three manufacturing facilities (1 in Costa di Mezzate, BG) and 2
in Povoletto (10 Km from Udine, Northeast Italy). Total facilities area is over 15,000
sqm.
•
The 2012 Friulco acquisition allows FOV to expand its range of manufactured
products to the high pressure, high temperature gate, globe and check valves, but
also to effectively more than double its production capacity, almost overnight.
•
Manufacturing capabilities and expertise include in-house machining, heat
treatments and welding, expert assembling, routine and special testing, packing
and technical documentation, field service assistance.
Facilities and Manufacturing (2/2)
•
Fluitek’s original plant in Costa di Mezzate (Bg) acts as the primary ball valves
design and manufacturing centre of excellence, capitalizing on its 20+ years history
and know-how.
•
The newly acquired plant in Povoletto Udine will be focused primarily on heritage
GGC valves manufacturing, but it’s been equipped to serve FOV’s increasing ball
and double ball valves production demand. Large orders of DBB valves have
already been entirely allocated to this facility and successfully completed in 2012.
•
The current industrial layout, resources, and organizational structure can support
yearly output up to 70M€+.
•
The facility in Costa di Mezzate (Bg) is currently being expanded with more
machining and testing equipment investments made.
In House Machining Capabilities
Manufacturing Plant
Employees
FOV skilled workforce has grown steadily since the start of the project in 2011,
following the rapid growth of the company in the marketplace and the increasing
number of contracts awarded by our customers.
FOV currently employs a total of over 100 employees, of which 75% in the Bergamo
facility and 25% in the Udine plant.
FOV made sure to retain core skilled senior employees both from the Fluitek (35 highly
experienced resources) and the Friulco acquisition (25 resources from inherited
employees base).
Main departments staffing is listed below (number of Ftes):
Machining/Workshop (25)
Quality C.trol/Tech Docs (12)
Assembly (12)
Testing (8)
Engineering (10)
Project Management (5)
Testing Capabilities (1/2)
•
Functional and performance fully equipped test areas are available in both
manufacturing locations, ensuring highest quality levels for 100% testing of our
products.
•
Regular quality assurance and control tests include: Material test reporting, NonDestructive tests (MT, PT, UT, RT); mechanical and chemical analysis, corrosion
tests.
Magnetic Particle Inspection
Ultrasonic Test
Dye Penetrant Inspection
Digital Hardness Test
Positive Material Id
Feritescope
Testing Capabilities (2/2)
Hydrostatic Body and Seat Pressure Test up to 42” valve size
Benches and unlimited size with blind flanges
Pneumatic Low Pressure Test (Air)
High Pressure Gas Body and Seat Test (N2/He)
Standard Test Pressure equipment up to 650 bar
HP Gas Booster Station up to 1750 bar
Fugitive Emission Test @ Ambient, Low and High Temp
Low Temperature (-50°C) and Cryogenic test , up to -196°C
Endurance and Fire Safe Test
Engineering, Quality
•
FOV employs a growing team of 10 full-time experienced engineers dedicated to
design, project development and product support. Our engineering team uses 3D
CAD software to design our products for manufacturing to customer specifications
(Solid Works, Inventor).
•
•
FOV is ISO 9001 certified and regularly audited and approved by BV and DNV.
FOV is API certified and holds a range of other industry specific and quality
certifications such as PED/CE/ATEX/SIL.
22 INCHES CLASS 2500
DOUBLE BLOCK AND BLEED BALL VALVES
API 6D, HUB
Petrobras - FPSO Cidade de Ilhabela