# Suzhou Newway Valve starts construction of smart valve factory in China

Suzhou Newway Valve began building a high-performance smart valve factory in Suzhou High-tech Zone. Phase one has a total investment of CNY 350 million, 50 mu of land and planned total capacity of CNY 1 billion, expected to be completed in May 2021.

- Type: New facility
- Announced: 2020-06-18
- Where: Suzhou, China
- Value: $49.5M (350.0M CNY)
- Status: under construction
- Capacity: CNY 1 billion total capacity
- Products: automatic control high-performance valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Suzhou Newway Valve](https://endata.com/companies/6632.md)

## Sources

- [prcvalve.com](https://prcvalve.com/newsDetail/22263-news), 2020-06-18: "苏州纽威阀门股份有限公司投资的高性能阀门智能工厂日前正式开工建设。"

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