On May 15, 2018, the Japanese Group Nihon Koso was awarded by the Court of Busto Arsizio with the business of Parcol S.p.A., following to the competitive auction within the composition with creditors procedure. The historical company of Canegrate, founded in 1954 and specialized in control valves and steam control systems, operating in the power, fertilizer, chemical, petrochemical and oil&gas becomes part of the galaxy of the Japanese group. The purchaser, Nihon Koso, is currently present in 20 countries around the world, including Italy with Koso Italy S.r.l. located in Rho, Milan. Nihon Koso is a world leader in the manufacture and sale of valves, actuators, sensors and other instrumental equipment. This transaction ensures continuity to Parcol, opening it to new business opportunities and further strengthens the role of Nihon Koso as a global leader in the field of industrial products. This was achieved thanks to the commitment of Mr. Takashi Ikegaya and Mr. Yuichi Ikegaya, respectively Chairman and CEO of Nihon Koso, as well as of Mr. Giancarlo Vandone, Mr. Erminio Campanelli and Prof. Catry Ostinelli for Parcol. Moreover, this transaction was carried out thanks to the support of Avv. Dario Radice of Studio Limido & Radice for Parcol and the Commissioners appointed by the Court of Busto Arsizio, Mr. Salvatore Sanzo of Studio Sanzo e Associati and by Mrs. Paola Giudici. ‚ÄúThis acquisition draws on the treasured legacy that Koso group and Parcol have earned with over 100 years of control valve experience between them and will position the new company to achieve profitable growth in future under Koso group. We will combine Koso‚Äôs winning strategy of bespoke product, class leading innovation, unmatched end-user focus and global sales force with the highly respected Parcol brand‚ÄĚ said Yuichi Ikegaya, CEO of Koso group.
As a part of its expanding market reach worldwide to cater to critical applications in energy sector, PARCOL has taken a significant leap by securing few significant contracts in Indian power market over last few months. PARCOL shall be supplying Auxilliary-PRDS and LP Turbine Bypass systems for 500 MW, 660 MW and 800 MW coal fired projects. This comes on the heels of securing registrations and necessary approvals from Indian Boiler Turbine and Generator Manufacturers and EPC Contractors as well as Central Generation Utility and State Generating Companies. The notable projects for which PARCOL shall supply the above systems are 2√ó500 MW Neyveli, 3√ó660 MW Nabinagar, 2√ó800 MW Darlipalli, 1√ó800 MW Wanakbori and 1√ó800 MW Kothegudem. The first supplies for 3√ó660 MW Barh 1 after successful inspection by customer is already underway.
PARCOL will be present at the 13th edition of OMC (Offshore Mediterranean Conference & Exhibition), one of the most important meeting places for all the oil & gas operators. The exhibition will take place at Pala De Andr√® in Ravenna from 29th to 31st March 2017. PARCOL will share ideas with other industry professionals in the oil & gas industry and will exhibits its innovative products: valves and actuatoris; ball balves; butterfly valves; globe valves; control valves and safety valves. The company will be glad to meet you at the Hall 7, Stand A6. More information about OMC is available at the website OMC2017
Parcol will be one of the 2000 exhibiting companies at ADIPEC 2016, the Abu Dhabi International Petroleum Exhibition & Conference which will take place at Abu Dhabi National Exhibition Centre (ADNEC) from 7 to 10 November 2016. We will be glad to meet you at Hall 13 Stand 13350.
On 21st, 22nd and 23th of June will take place in Milan POWER-GEN Europe Europe and the co-located Renewable Energy World Europe, a centre point to meet and share information on the challenges facing the power industry and discuss solutions for advancing Europe‚Äôs energy future. PARCOL will exhibit its wide variety of products and services for the power generation sector such as the 1-5700 pressure reducing and desuperheating stations, the 1-7000 series tandem plug control valves and the 1-4442 spraysat desuperheaters. Visit the Booth 3HD58!
It was held on 21st and 22nd of april at the beautiful setting of Le Robinie Golf & Resort in Solbiate Olona (Varese, Italy) the 2016 Parcol Group Annual Sales meeting. All sales forces coming from the five worldwide Business Units celebrated the extremely positive results of 2015 of nearly 50 million Euro of sales order income and shared the policy strategies to promote Parcol Group name and its products.