Flowserve cements China venture with SUFA in JV

摘要

Flowserve and SUFA Technology Industry Co have formalised a 2007 memorandum of understanding into a joint venture. "The joint venture will produce specialized valves for the civilian Chinese nuclear power market and bring together the comprehensive strength of both companies to this market," said Jiangang Qiu, Vice President of China National Nuclear Corporation and Chairman of SUFA.rnAs part of the arrangement, both companies will supply nuclear power industry valve technology and jointly build a manufacturing facility.rnThe joint venture will manufacture safety-related valves, including main steam isolation valves, exclusively for China's civilian nuclear power industry. These valves are used to assist in the safe shutdown of a civilian nuclear reactor in the unlikely event of a rupture in the plant's steam piping.