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Newway Valve (纽威股份) announced plans to invest about CNY 1.2 billion in a high-performance fluid control valve project in Suzhou, expected to be completed around March 2027 with capacity of 300,000 valves a year and output value of about CNY 2.5 billion. The project responds to rising orders for power and water valves.
Newway Valve (纽威股份) plans to invest about 1.5 billion yuan, funded internally, in a high-end cast steel pump valve parts and structural parts plant with 40,000 tonnes annual output, to be built between September 2026 and December 2027. The company will also relocate its Suzhou subsidiary there.
Newway Valve and Wanhua Chemical signed a centralized valve procurement agreement for Wanhua's US MDI integrated project in Louisiana, with a total investment of $1.25 billion and design capacity of 400,000 tonnes per year, during a ceremony at Yantai.
Newway Valve (Zhejiang) was named winning supplier of high-end gate and check valves for units 3-4 of the CGN Fangchenggang project, with a bid value of RMB 16,238,976. The award was disclosed on 28 March 2017.
