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Shengkai Innovations, Inc. (VALV) Launches New Production Facility

|Includes: Shengkai Innovations, Inc. (VALV)

Shengkai Innovations, a leading ceramic valve manufacturer in China, announced today that it has launched a new valve production facility in Tianjin, southeast of Beijing, near China’s northeast coast. Construction was completed in July, and commercial production has already commenced. The new facility is strategically located only 7 miles from the Tianjin Binhai International Airport, and an hour from Tianjin Port, one of China’s largest ports.

Shengkai plans to ramp up production to 24,000 ceramic valve units by December, which will more than triple the company’s capacity.

Company Chairman and CEO, Mr. Chen Wang, commented on the new facility. “With the commencement of our new state-of-the-art facility featuring sophisticated Computerized Numerical Control Equipment, we look forward to firing all cylinders on production to meet the rising demand in electric power, petrochemical and coal-chemical markets. With our proprietary ceramic technology and expanded capacity, we will continue to ensure quality and focus on increasing penetration into existing customers. In the mean time, our sales team now can also be more proactive to pursue new businesses domestically and internationally.”

Shengkai Innovations, founded in 1994, makes ceramic valves and high-tech ceramic materials, in addition to providing associated technical consultation and related services. These products are used in the petrochemical, electric power, metallurgy, and environmental protection industries. The valves are considered high-performance, and more durable than traditional metal valves. The company is one of the few in the world with full R&D, engineering, and production capacity for structural ceramics, and is the only valve producer in China able to make ceramic valves with calibers of 6 inches or more.

The company services over 400 customers, and sells valves throughout China, but also to Europe, North America, the United Arab Emirates, and to other countries in the Asia-Pacific region. It is the only ceramic valve supplier qualified to supply the China Petroleum & Chemical Corporation (SINOPEC).

For more information, see the company website at ShengkaiInnovations.com

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