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1 billion forgings project started! After putting into production, the annual output can reach 0.5 billion

2018-05-21

On the morning of April 11, Zhuchi Town, an important town in Liyang Old District, once again achieved a new breakthrough in major projects: the forging project with a total investment of 1 billion yuan by Suzhou Neway Valve Co., Ltd. started in the Green Casting Technology Industrial Park. The project covers an area of 220 mu and is divided into two phases of investment and construction. The first phase of the forging factory has a total investment of 0.3 billion yuan, 80 mu of land and 80 million yuan of equipment. It will build a forging production line with an annual production capacity of 50000 tons, and the annual output value is expected to reach 0.5 billion yuan after reaching production. The second phase of equipment investment is 0.36 billion yuan, and the project is scheduled to start on July 1, 2018. After reaching production, the estimated annual output value is 1.5 billion yuan and the new tax revenue is 0.1 billion yuan.

It is understood that Neway Valve Co., Ltd. is a company listed on the main board in 2014. It is a leading and world-renowned valve manufacturer in China. Valve products cover gate valves, globe valves, check valves, ball valves, butterfly valves, regulating valves, safety valves, Nuclear power valves, wellhead equipment and various special valves are widely used in oil and gas, chemical, electric power, shipbuilding, mining, water treatment, industrial systems and other fields. The new investment project in Zhuxu will become its new valve forging and casting production base.

 

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