Flowserve Signs Valve Joint Venture Agreement with SUFA
Friday, March 13, 2009
Flowserve announced the signing of a nuclear power industry valve joint venture agreement between Flowserve and SUFA Technology Industry Co. Ltd. CNNC (SUFA). This agreement formalizes the memorandum of understanding covering this product line signed among the companies in Nov. 2007. The joint venture agreement was signed in Beijing, China.
The joint venture, called Flowserve-SUFA Nuclear Power Equipment Company Ltd., will be headquartered in Suzhou, in the province of Jiangsu, China. As part of the arrangement, both companies will supply nuclear power industry valve technology and jointly build a manufacturing facility. More…
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