Flowserve Corp. has been honored by Frost & Sullivan with its 2010 World Customer Value Enhancement of the Year Award in value-added services for valves and centrifugal pumps.

Flowserve was presented the award at the Frost & Sullivan 2010 Growth Excellence Awards Banquet held mid-September 2010, in San Jose, Calif. Kyle Ahlfinger, chief marketing officer, Flowserve Corp., accepted the award on behalf of Flowserve.

The Customer Value Enhancement of the Year Award is presented each year to the company that has demonstrated excellence in implementing strategies that proactively create value and help improve the return on investment for its customers.

"The Flowserve market-leading position in value-added services for valves and centrifugal pumps is due to its ability to provide end-to-end solutions," said Frost & Sullivan analyst Muthuraman Ramasamy. "Flowserve has an impressive range of services and solutions which include highly customer-centric offerings, such as LifeCycle Advantage, Technology Advantage and other asset optimization solutions that enable it to deliver sustained value to its customers."

"We are very proud to have been selected by Frost & Sullivan to receive this 2010 World Customer Value Enhancement of the Year Award," said Ahlfinger. "Several years ago, Flowserve senior management forged a strategic vision to transform our company from a traditional process equipment manufacturer into a broader service and solutions provider for the flow control industry. Receiving this prestigious award from Frost & Sullivan is a credible testament to the progress we’ve made in achieving this goal.