China Valves Technology, Inc. Successfully Manufactures the Biggest 12-Way Rotary Valve for Honeywell-UOP
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ZHENGZHOU, China - China Valves Technology, Inc. (NASDAQ: CVVT) ("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 www.cvalve.com
About Honeywell-UOP
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.
China Valves Technology, Inc.
Gang Wei, CFO
Tel: +86-371-8601-8777
E-mail: ir@cvalve.com
http://www.cvalve.com
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China Valves Technology, Inc.
Web Site: www.cvalve.com
