Dresser-Rand Group Inc (NYSE:DRC)

Dresser-Rand Group, Inc. is a global supplier of custom-engineered rotating equipment solutions for long-life, critical applications in the oil, gas, chemical, petrochemical, process, power, military and other industries worldwide. The company is engaged in the design, manufacture, sale and servicing of centrifugal and reciprocating compressors, gas and steam turbines, gas expanders, gas engines and associated control panels. The company operates through two segments: New Units and Aftermarket Parts and Services. The New Units segment manufactures highly-engineered turbo and reciprocating compression equipment and steam turbines. This segment also manufactures power turbines; special-purpose gas turbines; hot gas expanders; gas and diesel engines; trip, trip throttle and non-return valves; magnetic bearings and control systems. Its products are built to client specifications for long-life, critical applications. The Aftermarket Parts and Services segment offers a range of services designed to enable clients to maximize their return on assets by optimizing the performance of their mission-critical rotating equipment. This segment offers a broad range of aftermarket parts and services, including replacement parts, field service turnaround, service and repair, operation and maintenance contracts, rotor/spare parts storage, condition monitoring, controls retrofit, site/reliability audits, remote area energy solutions, equipment repair and rerates, equipment installation, applied technology, long-term service agreements, special coatings/weldings, product training, turnkey installation/project management and energy asset management. Dresser-Rand Group was founded in October 2004 and is headquartered in Houston, TX.