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The founder of Conval, Chester A. Siver, developed an innovative and technologically advanced line of forged steel globe valves for high pressure and high temperature steam service applications primarily for the power generation industry. In 1967, Conval was incorporated and manufacturing facilities were established in Somers, Connecticut. Conval has developed extensions to the original product line which include: • "T" and angle pattern bodies • 3500 pound and a 4500 pound series • 2 1/2, 3, and 4 inch sizes • Bellows seal valves • 3 way valves • A variety of material options • Cryogenic valves • Multiple orifice blowdown valves • Ball Valves • Nuclear Power Plant Valves Convals provides basic valve products that are durable, maintainable, and yield a low cost solution over the serviceable life of the valve. Markets for Conval include the power generation industry, refining, oil and gas production, chemical, fertilizer, and pulp industries. Besides the domestic United States market, other projected growth markets are Canada, Australia, China, Southeast Asia, Mexico, South America, and developing third world countries. Over one half of Convals sales are made internationally. Conval became a Certified ISO 9001 manufacturer in September 1992. BVQI (Bureau Veritas Quality International, N.A., Inc.) semi-annually certifies that Convals Quality Management System is in accordance with appropriate international standards for design, development, production, installation, and servicing. Also, Convals quality program meets the requirements of 10CFR50, Appendix B of the Code of Federal Regulations and ASME N Stamp for its nuclear customers, and the European Pressure Equipment Directive. Conval employs approximately 100 employees working on two shifts. Convals operations consist of the machining of most parts used to assemble finished valves, the maintenance of adequate parts inventory to support production, and the development of new valve products.
The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber business, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 48,000 employees around the world, the company contributes to sustainable society by providing solutions to the worlds challenges through its three business sectors of Material, Homes, and Health Care.
The Federal Reserve Board, commonly known as the Fed, is the central authority of the Federal Reserve System, which serves as the central banking system of the United States. Established in 1913, the Fed aims to create a stable monetary system and address banking panics. Headquartered in Washington, D.C., it oversees 12 regional Federal Reserve Banks, balancing regional insights with national policy. The Fed has five main functions: conducting monetary policy to promote maximum employment and stable prices, ensuring financial system stability, supervising and regulating financial institutions, fostering efficient payment and settlement systems, and promoting consumer protection and community development. It also provides essential services such as payment processing and economic data publications, including the Beige Book and the FRED database. The Fed plays a crucial role in supporting the U.S. economy and serves various stakeholders, including depository institutions, the U.S. government, and foreign official institutions.