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Qingdao Wivo Valves is adding 8,000 square meters of workshop space at its Qingdao production base in Shandong to meet surging Southeast Asian demand for industrial valves. The expansion adds smart manufacturing and is expected to raise output by 40%.
Qingdao Weilong Valve (WIVO) has broken ground on a Smart Energy-Saving Valve Manufacturing Facility in the Qingdao High-Tech Zone, with a total investment of 285 million yuan and expected annual revenue above 800 million yuan.
WIVO Valves announced a large-scale expansion of its production line in Qingdao, adding CNC machines, automated assembly lines and several thousand square meters of workshops. The company expects annual output to rise by over 30%. The announcement is dated May 13, 2024.