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Torishima Pump and FEDCO form JV to target oil & gas sector

Japan’s Torishima Pump Mfg Co Ltd and US energy recovery device manufacturer Fluid Equipment Development Co LLC (FEDCO) have set up a 50/50 joint venture company to focus on the development, manufacture and service of pumping equipment for the oil & gas industry.

Advanced Pumps International will be based in Detroit, Michigan and will start operating in August 2012.

“The JV with FEDCO presents a great opportunity for both companies to apply their expertise in engineered pumps to provide a reliable and highly efficient range of pumps for the oil & gas industry. We are thrilled to be working with the world’s leading manufacturer of energy recovery devices,” said Torishima Pump’s president and chief executive Kotaro Harada.
“This is a great opportunity to harness the innovation, technology and engineering expertise of both Torishima & FEDCO. We look forward to many years of success with our new partner,” said FEDCO president Eli Oklejas.

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