Flowserve has 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 November 2007. The joint venture agreement was signed in Beijing, China. The joint venture, called Flowserve-SUFA Nuclear Power Equipment Co. 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. The joint venture will manufacture safety-related valves, including Main Steam Isolation Valves (MSIVs), exclusively for China’s civilian nuclear power industry. MSIVs 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.
