Suzhou Neway Valve Strategic Acquisition of Wujiang Dongwu

China's leading valve industry company Suzhou Neway Valve Co., Ltd. recently acquired a 60% stake in Wujiang Dongwu Machinery Company in cash. After the acquisition, Dongwu will invest in the establishment of the most advanced safety valve laboratory in China, expand its production capacity, and improve the reliability of its products. Dongwu Machinery will be one of the world's best manufacturers of safety valves.

After 13 years of development, Neway Valve Co., Ltd., headed by Wang Baoqing, chairman and general manager, has grown into a large group company with 10 domestic factories, 6 overseas factories and more than 3,400 employees. The products are exported to North America, Europe, the Middle East and ASEAN and other countries and regions.

Dongwu Machinery Co., Ltd. has more than 50 years of development history and specializes in the manufacture of safety valves. It is one of the top three safety valve manufacturers in China and one of the three domestic manufacturers with nuclear power station safety valve qualifications, with annual sales of 100 million yuan. . After Neway Suzhou acquires Wujiang Dongwu Machinery, the change in shareholding does not affect Dongwu Machinery's existing sales organization, sales policies and after-sales service policies.

It is understood that the acquisition of Dongwu Machinery is an important part of the development strategy of Neway Valve. Dongwu Machinery will implement the talent introduction training, new product and new technology research and development, market organization and continuous improvement of internal management on the existing basis. At the same time invest more than 30 million yuan to establish the most advanced safety valve laboratory.