China Valves Technology Inc. has announced that the Company’s newly established production facility at its Henan Kaifeng High Pressure Valve Co. Ltd “Kaifeng Valve” subsidiary began trial production at the beginning of June 2009. The Company completed the construction of the new production facility at Kaifeng Valve in the first quarter of 2009. The new facility is equipped with fully-automated machines supported by a new power transformer station. The new 13,000sq/m facility is staffed with 70 new employees, including technicians with advanced technical backgrounds, and will focus mainly on producing high-end large diameter metal valves used in the oil and petrochemical, thermal and nuclear power, and water supply and drainage industries. The new production facility is also capable of producing high-quality forged steel valves for use in supercritical thermal power generating units. As part of the trial production, the Company plans to test all production equipment in order to achieve the optimal working conditions at the facility. The Company expects to start commercial production at this new production facility in August 2009.
