Neway Valve

Neway Valve's 96-inch pneumatic high-temperature triple offset butterfly valve, rated to 816°C, passed owner acceptance for a domestic customer's propane dehydrogenation project. The article date is 4 August 2023; the valve's delivery date is not given.

China's Neway Valve signed a supplier contract with Modec Offshore Production Systems Singapore, a Petrobras contractor, to deliver valves for an offshore oilfield project in Brazil, worth about USD 25 million, with delivery by March 2021.

Neway Valve called off its planned EUR 11.3 million takeover of Germany's Econosto International Holding due to Covid-19 market changes, and will pay EUR 500,000 in compensation.

China's Neway Valve plans to acquire Dortmund-based flow control products maker Econosto International Holding for EUR 11.3 million (USD 12.5 million) to expand its international market share. Neway's board approved the plan, and the company said on Dec. 6 it will move on to an equity transfer deal.

Neway Valve (Suzhou) signed a supply contract with AREVA for nuclear valves for the HPC nuclear power project in Britain, co-invested by EDF and CNPE. The order covers over 2,000 nuclear valves for the nuclear island of two units with 3.2 GW total capacity.