Flowserve Japan Corp.

,Ltd - History Page 1 of 2

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History
Corporate Information

Corporate Philosophy

Since its inception in 1953, the company has been Quality assurance
contributing to the development of Japan's major
industries, such as petroleum refining, petrochemical, History
electric power, steelmaking, and shipbuilding, as well as
public work projects, through designing, manufacturing, About Flowserve
and selling of pumps, compressors, and steam turbines
under the Worthington brand. Today's Niigata
Worthington, as a member of Flowserve Corporation
group, has established a structural system to supply
optimum, world-class pumps such as Worthington,
Ingersoll-Dresser, Pacific, Byron Jackson, Pleuger, and
Durco.

In 1987, Niigata Worthington founded Niigata Equipment

Maintenance Co., Ltd. (NEMCO) specializing in the
maintenance of rotating equipment. Consequently, the
company focuses on not only the manufacture of
equipment, but also on equipment diagnosis, consulting,
repair, and maintenance services, which are highly rated
by many industries ranging from petroleum refining and
chemical, to nuclear power generation. In recent years,
the company has been steadily achieving results in the
fields of ultrahigh-performance centrifuges, water
turbines for ecological power generation, wind turbines,
etc. We intend to make a leap in the 21st century to
become an enterprise that customers value, by
developing and manufacturing various types of rotating
equipment in response to the requirements of the times,
and by striving to increase efficiency in rotating
equipment maintenance.

Flowserve Japans Company History

1840 Henry R. Worthington, U.S. mechanical
engineer, invented a steam-driven pump for the
first time.

1891 Nippon Oil Corp. succeeded in machine drilling at Amase Oil Field (present
Izumozaki, Niigata Prefecture).

1900
Kashiwazaki Sub-factory, Niigata Iron Works
(predecessor of Niigata Worthington's
Kashiwazaki Factory) was opened by Nippon Oil
Corp.

1923 Worthington Corp. in the U.S. delivered the world's first volute pump of
over 70 kg/cm2G as a boiler feed water pump.

1937 Worthingtons technical staff established the suction

specific speed theory.

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Flowserve Japan Corp.,Ltd - History Page 2 of 2

1953 Niigata Worthington Co., Ltd. was founded through a technical tie-up
between Worthington Corp. in the U.S. and Niigata Iron Works.

Manufacture of pumps, turbines, and compressors was started.

1954 The company began manufacture of high-speed (more than 3600 rpm)
high-pressure and high-temperature process pumps for the first time in
Japan.

1959 The company delivered the Japan's first boiler-feed water pump (200
kg/cm2G) for supercritical pressure.

1966 The company developed and manufactured new HDS and WTB as high-
1971 temperature and high-pressure API process pumps.

1985
The company developed the world's largest
(3200 kW) 7-train plunger pump, and started
manufacture and sale of the pump.

Worthington Corp. in the U.S. was affiliated with Dresser Industries in

the U.S., a world-class enterprise in the field of developing
petroleum, natural gas, and other resources.

1987 The company founded its fully owned subsidiary, Niigata Equipment
Maintenance Co., Ltd., specializing in rotating equipment
maintenance services.

1991 The company developed barrel type high-

temperature and high-pressure API process
pumps BP, and started manufacture and sale
of the pumps.

1992 The pump divisions of Dresser Industries and Ingasol Rand were
consolidated into Ingasol Dresser Pump Company (IDP), which became
the U.S. side shareholder of the company.

1994 The company started a diagnosis service for rotating equipment.

1996 The company acquired ISO 9001 recognition.

1997 The company developed the vertical-split

high-pressure multi-stage pump, and began
manufacture and sale of the pump.

As a result of the acquisition of IDP by Flowserve, Niigata Worthington

2000
became a member of the Flowserve group.

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