Profile: CIRCOR International Inc (CIR.N)
9 Dec 2013
CIRCOR International, Inc., incorporated on July 1, 1999, designs , manufactures and markets valves and other engineered products and sub-systems used in the energy, aerospace, power generation and other industrial markets. The Company has a global presence and operates 24 primary manufacturing facilities that are located in the United States, Canada, Western Europe, Morocco, India, Brazil and the People's Republic of China.
The Company has three reporting segments: Energy, Aerospace and flows Technologies. As of December 31, 2012 , the Company's products were sold through over 900 distributors and the Company serviced more than 7,500 customers in over 100 countries around the world. Within the Company's product groups The Company develops, manufactures, sells and service a portfolio of fluid-control products, sub-systems and technologies.
The Energy Segment
The Company's Energy segment designs, manufactures and distributes products primarily into the upstream and midstream global energy markets and also designs, manufactures and sells an array of products and solutions for measuring the transfer of oil and gas in pipelines and for cleaning and maintaining pipeline integrity. Products of the Company's Energy segment include flanged-end and threaded-end floating and trunnion ball valves, needle valves, check valves, butterfly valves, forged steel ball valves, gate valves, control valves, relief valves, pipeline closures, launcher and receiver systems and pressure regulators for use in oil, gas and chemical processing and industrial applications. The brands of the Company's Energy segment include: KF, Pibiviesse, Mallard Control, Hydroseal, Contromatics, SF Valvulas, Sagebrush and Pipeline Engineering.
The international upstream and midstream oil and gas markets use the Company's flow control products for drilling, production, separation, liquefaction, gathering and transmission applications for energy projects around the world. These projects are capital intensive, cyclical, and are typically integrated by international engineering, procurement and construction companies.
The upstream and midstream oil and gas markets use the Company's flow control products for drilling, production, separation, liquefaction, gathering and transmission applications primarily in North America. The Company typically serves this market through its distribution partners.
The oil and gas transmission markets around the world use the Company's pipeline equipment products and services for measurement, pipeline integrity and cleaning applications. The projects are a mix of capital and Maintenance, Repair and Overhaul (MRO) spending by pipeline construction and services companies.
The Company competes with Cameron International Corp., Balon Corporation, Valvitalia S.p.A., Flowserve Corp., PetrolValves and TD Williamson Inc.
The Aerospace Segment
The Company's Aerospace segment designs, manufactures and distributes valves, sensors, actuators, controls and subsystems for military and commercial aerospace applications. Products of the Company's Aerospace segment include aerospace landing gear, precision valves, control valves, relief valves, solenoid valves, pressure switches, regulators, impact switches, actuators, speed indicators / tachometers and DC electric motors. The Company supplies products used in hydraulic, fuel, water, air and electro-mechanical systems. The Company's products are sold globally to aircraft and aircraft engine manufacturers and their tier one and tier two suppliers. The Aerospace segment also supports airline operators through spare parts distribution and MRO channels. The brands of the Company's Aerospace segment include: CIRCOR Aerospace, Aerodyne Controls, Circle Seal Controls, Loud Engineering, Industria, Bodet Aero and Motor Technology.
Commercial Aerospace market designs, manufactures and repairs component and system solutions employed in airframe and propulsion applications for air transport and cargo aircraft, regional jets, business aircraft and helicopters. Military Aerospace market designs, manufactures and repairs component and system solutions used on United States and foreign military combat and transport aircraft, helicopters, unmanned aerial vehicles, missiles, military ground vehicles, naval combat ships, space vehicles and satellites.
The Company competes with Triumph Group, Inc., Eaton Corporation, Meggitt PLC, Crane Co., Cobham PLC, Heroux Devtek Inc. and AAR Corp.
The Flow Technologies Segment
The Company's Flow Technologies segment designs, manufactures and distributes valves, fittings and controls for diverse end-uses, including instrumentation, cryogenic, power generation, maritime and steam applications. Products of the Company's Flow Technologies segment include precision valves, compression tube fittings, manifolds, steam conditioning valves, turbine by-pass valves, control valves, relief valves, butterfly valves, regulators, strainers and sampling systems. The brands of the Company's Flow Technologies segment include: Cambridge Fluid Systems, Hale Hamilton, Leslie Controls, Nicholson Steam Trap, GO Regulator, Hoke, CIRCORTech, Spence Engineering, CPC-Cryolab, RTK, Rockwood Swendeman, Spence Strainers, Dopak Sampling Systems and Texas Sampling.
Power Generation market includes a broad range of businesses that utilizes severe service products, including globe control valves, steam conditioning, turbine by-pass and other specialty products for critical steam applications in the power generation markets. Industrial and Process Markets market utilizes valves and related products to control steam and other fluids for a variety of applications, including: heating facilities, production of hot water and electricity, freeze protection of external piping, and heat transfer applications using steam or hot water in industrial processes.
Circor Instrumentation Technologies produces a broad range of valves, manifolds, sampling cylinders, regulators, and tube fittings for instrumentation applications in upstream and midstream oil & gas markets for applications on off-shore platforms, floating production storage and offloading, and on-shore oil & gas processing centers.
Chemical and Refining market uses control valves, steam valves, grab sampling systems, instrumentation fittings and valves in a broad range of applications in the global chemical and refining markets. Industrial and Commercial HVAC/Steam market utilizes heaters, valves and control systems, primarily in steam-related commercial, municipal and institutional heating applications. Steam, gas management and water control products used specifically in the military maritime market.
The Company competes with Swagelok Company, Parker Hannifin Corporation, The Ham-let Group, Samson AG, Spirax-Sarco Engineering plc, Dresser Masonneilan (a General Electric group), Flowseal (a division of Crane Co.), Fisher (a division of Emerson Electric Company) and ARI Flow Control Accessories.
CIRCOR International Inc
Inc., Suite 200, 30 Corporate Dr
BURLINGTON MA 01803-4238