Molly Ryan, Reporter, Houston Business Journal
Dover Corp.’s (NYSE: DOV) energy division just broke ground on a new 150,000-square-foot manufacturing and office building in Pearland.
Frank Wierengo is president of Cook Compression, which is one of many of Dover’s businesses moving into the Pearland space. He broke down the details for us about what exactly will happen at the new location.
Illinois-based Dover operates a variety of manufacturing brands throughout the world. The company’s energy division operates numerous facilities throughout Texas, and the new Pearland space is designed to consolidate some of them at one site to increase efficiency.
Normally, the term “consolidation” in manufacturing is associated with layoffs. However, Wierengo explained this is not the case with Dover.
Dover Energy is consolidating three existing Cook Compression facilities now in Stafford, Pearland and Breckenridge, Texas; an existing Bearings Plus facility now in south Houston; and a completely new OPW Midland facility.
Cook Compression will manufacture and repair a variety of compressor components, such as valves and sealing products, at the facility. Meanwhile, at the same Pearland facility, Bearings Plus will mainly work on refurbishing bearings systems and OPW will mainly work on refurbishing and repairing valves. All three of the businesses will predominantly serve the oil and gas industry.
The new Pearland location will initially have close to 200 employees, which Wierengo said is the number of employees the separate facilities have now. However, in the future, Dover hopes to grow the Pearland operations, he said. Not only can the companies add more manufacturing shifts to increase work, but they can also expand the facility onto the 14 acres of land the facility sits on.
By having multiple businesses in one facility, Wierengo said the companies will be able to increase efficiencies by sharing shipping, receiving and material handling functions. The companies are also looking into sharing workers “to collaborate to the highest extent possible,” he added.
Dover is banking on growing the Pearland facility due to the strength of the oil and gas industry, Wierengo said.
Furthermore, for some more insight as to why Dover chose Pearland, city of Pearland documents from December reveal that the city granted a tax abatement agreement to Dover and the city approved a loan agreement between the Pearland Economic Development Corp. and Dover.
Moscow, Russia – US-based Waukesha Bearings Corporation and Russian-based state owned enterprise VNIIEM (All-Russian Scientific Institute of Electro-mechanics with a plant named after A.G. Iossifian) have finalized a long-term strategic alliance agreement. The agreement includes provisions to conduct joint development, manufacturing and commercialization of active magnetic and fluid film bearings for compressors, turbo expanders and other turbomachinery for oil & gas, power generation and other industrial markets. The signing ceremony took place in Moscow on July 9th and was attended by Waukesha and VNIIEM management as well as a representative from OAO Gazprom, the world’s largest natural gas company.
Waukesha Bearings is a leader in the design and manufacturing of fluid film and active magnetic bearing solutions for turbomachinery. The company has engineering, sales and manufacturing locations in the US, UK and Mexico as well as representative offices in China, Japan and Italy. As an integral part of the strategic alliance agreement, Waukesha Bearings is opening a branch office in Moscow.
VNIIEM is a leading worldwide multi-discipline enterprise performing a full range of research and development, design and manufacturing of high-tech electro-mechanical products, including magnetic bearing systems.