Tag: Velan

Velan Inc. recently announced that Rejean Ostiguy has informed the Company of his decision to resign as Chief Financial Officer, having accepted a leadership opportunity at a privately owned company.

Velan announced that James Mannebach has been appointed Chairman of the Board. The outgoing Chairman of the Board, Tom Velan, will continue to serve as a director of the company.

Velan Inc.’s wholly owned subsidiary Velan ABV has been awarded important contracts for the supply of multiple packages of actuated and manual valves to MODEC Offshore Production Systems (Singapore) Pte.

Velan has had a rich history of innovation, since its founding by A.K. Velan in 1950. Celebrating its 70th anniversary, the Montreal, Canada-based firm is no stranger to turbulence in the industry.

Velan has had a rich history of innovation, since its founding by A.K. Velan in 1950. Celebrating its 70th anniversary, the Montreal, Canada-based firm is no stranger to turbulence in the industry. As a world leader in the design and production of cast and forged severe service valves across all major industrial applications, Velan has maintained stability and continued to offer new technology driven products that allow them to persevere in the face of uncertainty.

Velan Inc. recently announced that Bruno Carbonaro is the new President of Velan Inc., which became effective November 11, 2019.

Two of Velan’s subsidiaries, Velan ABV Srl and Velan SAS, have secured contracts with a total value of USD 63M. First, the extension of a previous order with MODEC and the second, a contract with ITER for their tokamak cooling water system.

Velan has announced that the company is taking measures aimed at improving its operational efficiency and optimizing its manufacturing footprint in North America.

Velan has been awarded contracts for the supply of three different types of valve to Singapore’s MODEC Offshore Production Systems, it was announced in late July.

Velan Inc.'s wholly owned subsidiary has been awarded important contracts for the supply of three different types of valves to MODEC Offshore Production Systems (Singapore) Pte.