Neway Flow Control has broken ground on Phase II of its high-end industrial valve project in Suzhou High-Tech Zone. Covering 30,600 square meters, the smart factory is expected to output over 56,000 units of valves, actuators and automation equipment per year.
Neway Valve (Suzhou) ordered more than 570 Rotork IQ3 multi-turn actuators for gate and ball valves at the Pengerang Deepwater Petroleum Terminal operated by Pengerang Terminals (Two) in Johor, Malaysia. The order was announced in July 2019.
Neway Valve (Suzhou) signed a supply contract with Offshore Oil Engineering Co. for subsea ball and gate valves for the WC9-2/9-3/10-3 gas field cluster project off Hainan. The contract was reported on February 14, 2017, and its value was not disclosed.