Texas-based Flowserve, an industrial and service-providing corporation will establish a new R&D centre in Budapest, following its BSC in Debrecen, building on the skills of Hungarian engineers. Investing over EUR 10 million, the company will establish an engineering Center of Excellence which will provide for product development, product testing and engineering service functions.
Established in 1997, Flowserve designs and produces systems of industrial pumping, industrial fittings, control valves, nuclear valves, and precision mechanical sealings and provides various related management services targeting mainly the processing industry. In order to provide professional services for its clients, the Texas-based company employs some 18,000 people at 245 locations in 55 countries worldwide.
In 2016, Flowserve opened its business service centre (BSC) in Debrecen where it employs some 200 associates to provide financial and accounting services in seven languages for countries of the North American and EMEA (Europe, Middle-East and Africa) region.
The new Budapest centre of the company will serve as a key resource in researching and developing innovative product solutions, by applying cutting edge technologies. The unit starts operating with 30 engineers and plans to steadily increase its workforce, which may thus exceed a 100 people in the future. This team of engineers will focus on incorporating leading edge technologies in fluid dynamics, tribology, rotodynamics and mechatronics into our products, while applying best practices for manufacturability and assembly. Flowserve was looking for a site all over Europe before opting for Budapest.