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Neway shares and MODEC signed a US$25 million supply contract

 Last Update: 2022-05-06
 Source: Internet
 Author: User

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[ Star Enterprise of Chemical Machinery and Equipment Network ] On October 13, Neway issued an announcement stating that the company was awarded an important contract for supplying multiple sets of gate valves, globe valves , check valves , and ball valves to MODEC .
The technical requirements for the products are extremely stringent.
One of the most important markets-offshore floating production storage and offloading equipment (FPSO) engineering field, the contract value is 25 million US dollars.

Chemical machinery equipment network star enterprise chemical machinery equipment globe valve check valve

The main content of the winning project is the supply of multiple sets of gate valves, globe valves, check valves, and ball valves for the FPSO Anita Garibaldi MV33 project.
Offshore Floating Production Storage and Offloading Equipment (FPSO) is a floating production system with oil and gas processing capabilities and equipped with oil storage and offloading equipment.
The project serves the oil field operated by Petrobras in the northern region of Rio de Janeiro state, Brazil.

Neway shares stated that as an important strategic partner of the company, MODEC has been in business cooperation with the company for more than ten years.
This contract pushes the strategic cooperation relationship between MODEC and the company to a higher level, and also enriches the company’s technical and technological cooperation.
The performance in the field of offshore floating production storage and offloading device (FPSO) valves with extremely stringent process requirements, especially in the large-diameter high-pound-class duplex steel valve market, demonstrates the company's strong and reliable R&D, design, production and delivery capabilities.

Since its establishment, Neway has always been committed to providing customers with a complete set of industrial valve solutions, and providing a series of products covering the entire industry for oil and gas, chemical, power and other industries.
The current product varieties cover gate valves, globe valves, check valves, ball valves, butterfly valves, regulating valves, API6A valves, underwater valves, safety valves and nuclear power valves.

　　Not long ago, the twelfth meeting of the fourth board of directors of Neway and the twelfth meeting of the fourth board of supervisors deliberated and approved the "Proposal on Closing Part of the Fund-raised Investment Projects and Using the Surplus Funds in New Projects.
"

　　The company’s publicly issued stocks’ investment projects "35,000 large-diameter and special valve projects per year", "10,000 tons of various valve casting projects per year", and "10,000 sets (sets) of petroleum valves and equipment projects per year" have all been completed After the implementation is completed and the expected usable state is reached, it is agreed to close the above-mentioned projects, and the balance of the raised funds of 90.
837 million yuan will be used for the company's proposed "Neway Industrial Materials (Dafeng) Co.
, Ltd.
Foundry Production Line Technical Transformation (Phase I) Project ".

　　The new project plans to mainly produce valve cast steel parts.
After the implementation of the new project, it will achieve an annual output of 6,000 tons of casting parts production capacity, further improve the company's upstream industrial chain layout, meet valve quality and production requirements, support valve product upgrades, and respond to the country The green environmental protection industry call.

　　Original title: Neway shares and MODEC signed a US$25 million supply contract

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