Zhengzhou, China /PRNewswire - China Valves Technology, Inc. /quotes/zigman/114090/quotes/nls/cvvt CVVT -5.33% ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced that the RVIII-1300mm 12-way rotary valve manufactured by one of its subsidiaries, Hanwei Valve, has passed the acceptance test successfully.
As a result of collaboration with Honeywell-UOP, a leading international supplier and licensor for petroleum refining, gas processing, petrochemical production and major manufacturing industries, the RVIII-1300mm 12-way rotary valve is a new kind of rotary valve tailored to the needs of Yangzi Petrochemical for its ethylene production expansion project. The diameter of 1300mm is the biggest one in China market. The 12-way design is derived from the initial 24-way rotary valve but employs a new concept and manufacturing process. This project is the Company's first cooperation with Honeywell-UOP and its management has spoken highly of Hanwei Valve's expertise in designing and manufacturing complicated rotary valves during the testing process.
"The development and certification of this innovative and high performance valve is a great example of our customer-centric development model," said Mr. Jianbao Wang, Chief Executive Officer of China Valves. "This successful cooperation with UOP provides us a great opportunity to enhance our reputation for being an innovative leader and help us establish our presence in the international market in the future."
About China Valves Technology, Inc.
China Valves Technology, Inc. through its subsidiaries, Zhengzhou City ZD Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., Taizhou Taide Valve Co., Ltd., Yangzhou Rock Valve Lock Technology Co., Ltd., China Valve Technology (Changsha) Valve Co., Ltd. and Shanghai Pudong Hanwei Valve Co., Ltd., is engaged in the development, manufacturing and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry, and its history can be traced back to 1959 when it was formed as a state-owned enterprise. The Company develops valve products through extensive research and development and owns a number of patents. It enjoys significant domestic market share and exports to Asia and Europe. For more information, visit http://www.cvalve.com
UOP is a Honeywell company, and Honeywell's UOP has been the leading international supplier and licensor for the petroleum refining, gas processing, petrochemical production and major manufacturing industries. As a respected pioneer, it is responsible for developing and implementing some of the most useful, original technologies in the world.
Safe Harbor Statements
Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to develop and market new products, the ability to access capital for expansion, the ability to acquire other companies, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, changes in relationships with customers, changes in principal product profits and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to update or revise to the public any forward-looking statements, whether as a result of new information, future events or otherwise. This press release was developed by China Valves, and is intended solely for informational purposes and is not to be construed as an offer or solicitation of an offer to buy or sell the Company's stock. This press release is based upon information available to the public, as well as other information from sources which management believes to be reliable, but it is not guaranteed by China Valves to be accurate, nor does China Valves purport it to be complete. Opinions expressed herein are those of management as of the date of publication and are subject to change without notice.
China Valves Technology, Inc.
SOURCE China Valves Technology, Inc.
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