Nuclear forged steel valves order

China ValvesTechnology Inc. has announced that its subsidiary Henan Kaifeng High Pressure Valve Co. Ltd has received purchase orders for nuclear-forged steel valves from China Guangdong Nuclear Power Group (CGNP) valued at USD 4.7 million. The nuclear forged steel valves covered by the order will be used for CGNPG’s projects at the Liaoning Hongyan River nuclear power station and Fujian Ningde nuclear power station. The Company is required to deliver 50% of the order by the end of 2009 and must deliver the remaining orders before March 2010. CGNPG will pay 10% of the contract value immediately and the remainder upon delivery. Nuclear forged steel valves are used primarily in the steam turbines of a nuclear power plant’s conventional island. The steam turbines generate thermal energy that is converted into electric power in the conventional island. Nuclear forged steel valves have stricter production standards than ordinary forged steel valve products in terms of quality and safety.
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