Colfax Delivers Euro 1.7 Million Pump Order to Chinese Plant

Centrifugal pumps were designed to withstand high-temperature polyester production

Dec 20, 2010, 08:30 ET from Colfax Corporation

RADOLFZELL, Germany, Dec. 20, 2010 /PRNewswire/ -- Colfax Corporation (NYSE: CFX), a global leader in fluid-handling solutions for critical applications, announced its Allweiler business delivered 168 centrifugal pumps valued at euro 1.7 million to a polyester plant undergoing an expansion in Wujiang, China. The pumps will be used for moving liquid polyester, glycol and thermal oil.

"The plant had been using Allweiler pumps for seven years, and the positive experiences of its operators with our products and staff were major factors in winning this new order," said Stefan Kleinmann, vice president of Allweiler's industry business segment. "We have devoted the resources of our offices in Radolfzell, Germany, and Shanghai, China, to ensure that the design, manufacture, delivery and precision performance of the pumps meet the needs of a growing plant."

Liquids involved in polyester production can reach temperatures as high as 350 degrees Celsius, and the Allweiler pumps are accordingly made from heat-resistant stainless steel. They also include a supplemental heating element because liquid polyester begins to solidify below 250 degrees Celsius.

Design details such as a one-piece bearing bracket with few joints and good centering give the seal and pump a long service life that typically reduces maintenance expenses. As a result, the plant is expected to experience a low total cost of pump ownership.

ABOUT COLFAX CORPORATION - Colfax Corporation is a global leader in critical fluid-handling products and technologies. Through its global operating subsidiaries, Colfax manufactures positive displacement industrial pumps and valves used in oil & gas, power generation, commercial marine, defense and general industrial markets. Colfax's operating subsidiaries supply products under the well-known brands Allweiler, Baric, Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith. Colfax is traded on the NYSE under the ticker "CFX." Additional information about Colfax is available at www.colfaxcorp.com.

ABOUT ALLWEILER - Allweiler AG is the oldest German pump manufacturer and the European market and technology leader for macerators and centrifugal, propeller, screw, progressing cavity, gear, rotary lobe and peristaltic pumps. Headquartered in Radolfzell and with locations in Bottrop and Gottmandingen, Allweiler owns a foundry, produces its own stators, and manufactures ready-to-use fuel and lube oil skids and rinsing-water facilities for commercial marine, oil & gas, chemical processing, specialty chemical, and waste and wastewater applications.

CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS:

This press release may contain forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on Colfax's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Colfax's results to differ materially from current expectations include, but are not limited to factors detailed in Colfax's reports filed with the U.S. Securities and Exchange Commission as well as its Annual Report on Form 10-K under the caption "Risk Factors". In addition, these statements are based on a number of assumptions that are subject to change. This press release speaks only as of this date. Colfax disclaims any duty to update the information herein.

The term "Colfax" in reference to the activities described in this press release may mean one or more of Colfax's global operating subsidiaries and/or their internal business divisions and does not necessarily indicate activities engaged in by Colfax Corporation.

SOURCE Colfax Corporation



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