CIRCOR International, Inc. designs, manufactures, and markets engineered products and sub-systems used in the oil and gas, power generation, aerospace, defense, and other industrial markets. Strategies The company’s strategies include growing organically and through acquisitions; and embarking on a long-term journey to simplify CIRCOR. Segments The company’s segments include CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense). Energy Energy segment is a global provider of highly engineered integrated flow control solutions, valves and services in the expanding and evolving oil and gas and power generation industries. The company’s flow control solutions can withstand extreme temperatures and pressures, including land-based, topside, and sub-sea applications. Energy serves a range of energy-focused global markets. Brands Energy provides its flow control solutions and services through various significant brands, including KF Valves, Pibiviesse, Circle Seal Controls, Contromatics, CPC Cryolab, Dopak Sampling, GO Regulators, Hoke, Gyrolok, Hydroseal, Laurence, Leslie Controls, Mallard Control, Nicholson Steam Trap, Pipeline Engineering, Rockwood Swendeman, RTK, Spence Engineering and Texas Sampling. Products Energy offers a range of flow control solutions (distributed and highly engineered) and services, including valves (from 1/8 inch to 64 inches), such as severe service and general service control valves, engineered trunion and floating ball valves, and gate, globe and check valves; instrumentation fittings and sampling systems, including sight glasses & gauge valves; and liquid level controllers, liquid level switches, needle valves, pilot operated relief valves, plugs and probes pressure controllers, pressure regulators, safety relief valves. For its manufactured valve products, the company ensures compliance with federal, state and local regulations, as well as industrial standards, including those issued by the American Petroleum Institute, International Organization for Standardization, Underwriters’ Laboratory, American National Standards Institute, American Society of Mechanical Engineers, European Pressure Equipment Directive, and the American National Standards Institute. Customers Energy’s products and services are sold to end-user customers, such as major oil companies, power generation, process industries and engineering, procurement and construction companies, through sales channels that include direct sales, sales representatives, distributors, and agents. Aerospace & Defense Aerospace & Defense segment focuses on areas of actuation systems and fluid control systems (electromechanical, pneumatic and hydraulic). Aerospace & Defense sub-systems, components and products are flying on many commercial and military aircraft, including single and twin-aisle air transport, business and regional jets, military transports and fighters, and commercial and military rotorcraft. Other markets include unmanned aircraft, shipboard applications, military ground vehicles and space. The commercial aerospace market the company serves includes systems and components on airliners and business jets, such as hydraulic, pneumatic, fuel and ground support equipment including maintenance, repair and overhaul (MRO). The defense market the company serves includes military and naval applications where controls or motion switches are needed. The company supports fixed wing aircraft, rotorcraft, missile systems, ground vehicles, weapon systems and weapon launch systems, ordinance, fire control, fuel systems, pneumatic controls, and hydraulic and dockside support equipment including MRO. Brands Aerospace & Defense provides control solutions and services for critical aerospace and defense applications, through various brands, such as CIRCOR Aerospace, Circle Seal Controls, Aerodyne Controls, CIRCOR Bodet, CIRCOR Industria, and Hale Hamilton. Products Aerospace & Defense primarily manufactures controls (electromechanical, pneumatic, hydraulic), and actuation components and sub-systems. In the manufacture of its products, the company must comply with certain certification standards, such as AS9100C, ISO 9001:2008, National Aerospace & Defense Contractors Accreditation Program, Federal Aviation Administration Certification, and European Aviation Safety Agency, as well as other customer qualification standards. Customers Aerospace & Defense products and services are used by a range of customers, including those in the military and defense, commercial aerospace, and business and general aviation markets. Competition The primary competitors of the company’s Energy segment include Balon Corporation; Cameron International Corp.; Curtiss-Wright Corporation; Flowserve Corporation; IMI plc; Pentair Ltd; PetrolValves; SPX Corporation; Swagelok Company; Emerson; and Valvitalia S.p.A. The primary competitors of the company’s Aerospace & Defense segment include Crane Co.; Cobham PLC; Eaton Corporation; GE Aviation; Heroux Devtek; Lee; Magnaghi; Marotta; Maxon; Meggitt PLC; and Triumph. Research and Development For the year ended December 31, 2014, the company’s research and development expenditures included $7.8 million. Intellectual Property The company owns patents that are scheduled to expire between 2016 and 2030. Environmental Regulations As a result of the company’s manufacturing and assembly operations, its businesses are subject to federal, state, local and foreign laws, as well as other legal requirements relating to the generation, storage, transport and disposal of materials. These laws include, without limitation, the Resource Conservation and Recovery Act, the Clean Air Act, the Clean Water Act and the Comprehensive Environmental Response and Compensation and Liability Act, and foreign equivalents of such laws. History CIRCOR International, Inc. was founded in 1999. The company was incorporated under the laws of Delaware in 1999.
circor international inc (CIR:New York)
30 Corporate Drive
Burlington, MA 01803
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