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THE COSTS OF COUNTERFEIT VALVES
2012-08-02
Counterfeit Valves may not always fail in such a dramatic way, but when they do, they can cause process upsets, downtime and accidents. They also hurt legitimate valve manufacturers by taking market share and by damaging reputations: a failed valve with a false trademark has the potential for giving the legitimate manufacturer a bad name.
In Europe, failure to act against counterfeiters can have legal consequences, points out Orgalime, the liaison group of the European mechanical, electrical, electronic and metalworking industries. Orgalime