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Suzhou Neway Valve signed a project to build a high-end fluid control valve production and R&D platform in Suzhou High-tech Zone, targeting nuclear power, power and water treatment markets. The project is expected to generate annual output value of RMB 2.5 billion once in full production.
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.
Suzhou Neway Valve Co. started a forging project with a total investment of 1 billion yuan in the Green Casting Technology Industrial Park in Zhuchi Town, Liyang. The first phase targets an annual capacity of 50,000 tons.