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PK Valve, a subsidiary of STX, began building a second dedicated plant for cryogenic butterfly valves for LNG carriers, targeted for completion in September 2021. The company expects LNG valve sales of 50 billion won in 2021.
The STX consortium completed payment to Heung-A Shipping for 3,642,640 PK Valve shares, becoming PK Valve's largest shareholder in Korea, reported on 30 October 2020.
STX was notified on July 29, 2020 that it has been selected as the preferred bidder for the acquisition of PK Valve Co., Ltd. Final details have not yet been announced.