ChevronTexaco, Emerson Sign Global Purchase Agreement; Emerson Control Valves and Other Instrumentation Involved in Comprehensive Three-Year Supply Agreement.Business Editor & News Director Emerson Process Management, an Emerson (NYSE NYSE See: New York Stock Exchange : EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. ) business, today announced the signing of a three-year master agreement with ChevronTexaco Corp. (NYSE: CVX CVX ChevronTexaco (stock symbol) CVX Comunidad de Vida Cristiana (Christian Life Community) CVX Code Veronica X (game) CVX Critical Viscosity of Xenon CVX Carrier, Experimental ) for the purchase of Emerson control valves Control valves are valves used within industrial plants and elsewhere to control operating conditions such as temperature, pressure, flow, and liquid level by fully or partially opening or closing in response to signals received from controllers that compare a "setpoint" to a for ChevronTexaco facilities worldwide. Control valves are used to regulate the flow of liquids and gases in manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . Emerson estimates the agreement is worth more than $20 million a year. The agreement also involves other Emerson brands of products and services including Fisher-Rosemount Systems; Rosemount(R) instruments; Micro Motion(R) flowmeters; Rosemount Analytical instrumentation; Daniel(R) measurement systems; and Emerson Process Automation and Asset Optimization services. The agreement applies to all ChevronTexaco operating units and other entities in which ChevronTexaco has at least a 50 percent ownership. John Berra, executive vice president of Emerson with responsibility for the process management business, noted that the ChevronTexaco agreement is unique in that it involves so many Emerson divisions. "For the past several years, we've been tightly integrating our divisions so we can better serve our customers. Through this agreement, with Fisher Controls taking a leading role, ChevronTexaco will be able to look to us to efficiently meet all of their control valve needs," said Berra. "We look forward to working with ChevronTexaco to help them achieve superior operating results." About ChevronTexaco Based in San Francisco, ChevronTexaco Corp. is the second-largest U.S.-based energy company and the fifth largest in the world, based on market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . More than 53,000 ChevronTexaco employees work in approximately 180 countries around the globe, producing oil and natural gas and selling fuels and other energy products. More information is at www.chevrontexaco.com. About Emerson Process Management Emerson Process Management (www.emersonprocess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the refining, oil and gas, chemical, pulp and paper, power, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , pharmaceutical, and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb(R); Fisher(R); Intellution(R); Micro Motion(R); Rosemount(R); Westinghouse Process Control; DeltaV(TM); and AMS AMS - Andrew Message System . About Emerson St. Louis-based Emerson (www.gotoemerson.com) is a global leader in bringing technology and engineering together to provide innovative solutions to customers in process control; electronics and telecommunications; industrial automation; heating, ventilating ventilating Natural or mechanically induced movement of fresh air into or through an enclosed space. The hazards of poor ventilation were not clearly understood until the early 20th century. Expired air may be laden with odors, heat, gases, or dust. and air conditioning; and appliances and tools. Sales in fiscal 2001 were $15.5 billion. PlantWeb, Fisher; Intellution, Micro Motion, Rosemount, and DeltaV are marks of Emerson Process Management. Other marks are the property of their respective owners. SOURCE: Emerson |
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