Neway Co., Ltd. signed a contract with Wanhua for the U.S. project to help "Made in China" go global
Release time：2024-09-30click：0
On May 5, Wanhua Chemical and Neway Valve held a signing ceremony in Wanhua Yantai Industrial Park. The two parties renewed the second strategic cooperation agreement and signed a centralized valve procurement agreement for Wanhua's U.S. project.
Wanhua is a new chemical material, while Neway is an industrial valve. Both enjoy a high reputation in the industry. The strategic cooperation between the two parties can be described as a strong alliance, mutual assistance and mutual benefit, and the strategic cooperation has been carried out since Since then, the two parties have had closer and more in-depth exchanges in business cooperation, corporate management and technology research and development. The number and types of valve purchases have increased year by year, and the scope of cooperation has also expanded from domestic to domestic.
Neway Co., Ltd. is a domestic supplier of industrial valves with strong comprehensive strength. Since its establishment, it has been committed to providing customers with a full set of industrial valve solutions, covering oil and gas, chemical industry, electric power and other industries. A full range of products across the industry. The current product range covers gate valves, globe valves, check valves, ball valves, butterfly valves, regulating valves, API6A valves, underwater valves, safety valves and nuclear power valves.
In 2018, Neway Holdings achieved total operating income of 2.78 billion, a year-on-year increase of 16.1%; net profit attributable to the owners of the parent company was 270 million, a year-on-year increase of 31%. In the quarter of 2019, Neway achieved revenue of 616 million yuan, a year-on-year increase of 3.57%; net profit attributable to shareholders of listed companies was 86.61 million yuan, a year-on-year increase of 105.35%.
After the signing ceremony, the two parties held high-level talks. Wanhua Vice President Liu Boxue fully affirmed Neway's development achievements in recent years and its positive contribution to Wanhua's development, and encouraged Neway to make greater achievements in important project guarantees, core technology research, and valve localization. and contribution.
It is reported that Wanhua Chemical’s US MDI integration project has been launched in Louisiana, with a total investment of US$1.25 billion and a designed annual MDI production capacity of 400,000 tons. This project is of great strategic significance to Wanhua's comprehensive development, and is also an important step for the company to help the company go global with "Made in China".
(Original title: Neway Co., Ltd. signed a contract with Wanhua for the U.S. project to help "Made in China" go global)
