# Neway starts construction of smart high-performance valve factory in Suzhou

Suzhou Neway Valve Co. began construction in April 2020 of a smart high-performance valve factory in Suzhou High-tech Zone, with phase one investment of RMB 350 million due for completion in May 2021 and total capacity up to RMB 1 billion.

- Type: New facility
- Announced: 2020-04-01
- Where: Suzhou High-tech Zone, China
- Value: $49.3M (350.0M CNY)
- Status: under construction
- Capacity: RMB 1 billion total output
- Products: high-performance control valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Suzhou Neway Valve](https://endata.com/companies/3290.md)

## Sources

- [gongkew.com](https://www.gongkew.com/web/new/detail/1830.html), 2020-05-15: "2020年4月，苏州纽威阀门股份有限公司投资的高性能阀门智能工厂正式开工建设。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.