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Suzhou Dawson Valve plans to start construction in March 2025 on a smart petroleum equipment manufacturing project in Huangjian town, with a total investment of 500 million yuan. The project will add 15 mu of land and a 6,000 square metre plant and buy 150 forging and machining units, with expected annual output value of 150 million yuan.
Suzhou Dawson Drilling Equipment has completed a capital increase of $3.5 million in its indirect wholly owned subsidiary Suzhou Dawson Valve Co., with the company registration change now finalized in Suzhou Industrial Park.
