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circor international is overflowing with valves and otherhighly engineered products used in the energy industrial and aerospace markets the global diversified company designs manufactures and markets more than 10000 products namely a wide variety of valves used in flow control applications by the oil and gas petrochemical power generation and processing industries it also makes landing gear sensors and controlsfor military and commercial aircraftproducts are sold directly and through about 1000 distributors in some 100 countries around the world circor operates 24 major manufacturing facilities in the us canada brazil morocco india china and parts of western europe circors business is divided into three main segments energy flow technologies and aerospace each responsible for generating afairshareof the companys revenues itslargest segment energy primarily serves large international upstream and midstream oil and gas projectsand the north american energy market which use circors ball valves and other products for drilling production separation liquefaction gathering and transmission applications pipeline construction and services companies are also customers buying circors products for measuring the transfer of oil and gas in pipelines and for cleaning and maintaining pipeline integrity significant brands in this segment include kf pibiviesse mallard control hydroseal and sagebrush itsflow technologies segment manufactures and distributes butterfly control precision and relief valves aswell as compression tube fittings and regulatorsfor a diverse set of end uses among them instrumentation cryogenic power generation and steam applications in addition to serving power generation processing industrial and commercial hvacand chemical and refining customers this segment supplies products specifically designed for theus navy key brands include cambridge fluid systems hale hamilton and leslie controls the latter which was acquired by circor in 1989emerged by bankruptcy protection in 2011 after establishing a trust to resolve numerous lawsuits stemming from claims that its fluid control products caused asbestosrelated illness meanwhile products made by circors aerospace segment are geared at most of the major military and commercial aircraft manufacturers and aircraft engine manufacturers such asboeingairbusembraer andbombardier it also markets its aerospace products totier onesuppliers includingparkerhannifineatongoodrichsafran andtriumph some of which are also key competitors of circor major brands in this segment include aerodyne controls circle seal controls loud engineering castle precision engineering and bodet aero although 2009 was a rough year for circor revenues declines 20 compared to the prior year and costcutting measures resulted in a 20 reduction in its workforce the company began experiencing some financial recovery in 2010 it recorded a 7 increase in revenues over 2009 which included increases in all three of its segmentsit also hasa sizable and growing backlog across all businesses to work with going forward including a plum contract withsafranto design develop and manufacture a sensing and control system for theairbusa350 xwb aircraft in terms of longerterm growth circor see acquisitions as a way to gain a foothold in certain emerging international markets where it doesnt already have a large marketing presence such as brazil china india and parts of the middle east in 2010 it made a strategic investment in india by acquiring the valves division of mazda ltd the indiabased arm ofmazda to boost its flow technologies segment in 2011 circor picked up a piece of the brazilianenergy market when it acquired sao paulobased valvulas sf industria e comercio now called sf valves brazils oil and gas valves market generates about half a billion dollars each year

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