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Shanghai Valve Factory has started the renovation and expansion of its second-phase plant at 111 Zhongbai Road in Anting town, Jiading, Shanghai, with a total investment of 18 million yuan. Production is expected to start in early 2024, adding about 300 million yuan in annual output.
Shanghai Valve Factory signed an agreement with the Yangtze River Delta (Huzhou) Industrial Cooperation Zone for a high-end smart fluid control equipment plant with a total investment of 1.2 billion yuan and annual capacity of up to 500,000 units.
Shanghai Valve Factory received special financial support from the Shanghai municipal and Baoshan district governments after passing a Shanghai Science and Technology Little Giant project review. The fund amount was not disclosed in the article.
