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Grupo Compás, which trades as The Alloy Valve Stockist, is an industrial alloy valve stockist and distributor based out of Barcelona, Spain and is recognized as one of the fastest growing service companies in Spain. Their customers come from three areas of activity: chemical and petrochemical refineries, combined cycle plants and companies related to the natural gas business, such as BASF, Repsol YPF, Saudi Aramco, Galp, Petrobras, Petronas and Marathon Oil; integrated engineering companies, like Sener, Technip and OneSteel; and valve manufacturers, stockists and specialized distributors, like Econosto and MRC Transmark. Grupo Compás supplies end users internationally, though the bulk of customers come from the US, Australia and European Union.
Grupo Compás is part of The M Corporation (Norway), a company that specializes in supplies to petrochemical and fine chemicals companies. The company started in 1972, initially as a supplier of mechanical parts, such as nuts and bolts, to workshops and hydraulic maintenance companies. It gradually extended its scope of supply to larger engineering firms and manufacturing plants in Spain. During the 1980s and 1990s, the company obtained representation agreements with several international pump and compressor companies. Given the complexity of these products, the manufacturers of each brand had to be approved by the end user sites, and this part of the business gradually became the company's main focus.With the proliferation of products of Asian origin, which the market supplying to the petrochemical sector began noting heavily from 2000 onwards, Grupo Compás began withdrawing from the representation business, converting itself into a consultant to the end users to which it used to supply mechanical equipment. The strategy of advising plants on their procurements accelerated such that in 2003, Grupo Compás expanded its service from Spain to the rest of the European Union, then the rest of Europe in 2004, into North America in 2006 and to a worldwide scale in 2008, limiting its business to the valves business. In this business segment, Grupo Compás supplies valves internationally from its Barcelona warehouse.
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