Industry | 2009.10.29
Flowserve Updates Costs and Benefits of Previously Announced Realignment Initiatives
DALLAS--(BUSINESS WIRE)--Flowserve Corp. (NYSE:FLS), a global leader in the fluid motion and control industry, confirmed today 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,
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