Booming Chinese Infrastructure Leads to Significant Growth at Shengkai Innovations and China Valve Technology
29 Septembre 2011 - 2:16PM
Marketwired
The Paragon Report examines investing opportunities in the
Industrial Equipment Wholesale Industry and provides equity
research on Shengkai Innovations, Inc. (NASDAQ: VALV) and China
Valve Technology, Inc. (NASDAQ: CVVT). Access to the full company
reports can be found at:
www.paragonreport.com/VALV
www.paragonreport.com/CVVT
With the infrastructure, power, mining and petrochemicals
industries booming in China, valves, actuators, forging and
castings, valve locks and related services are in high demand.
There is only a small number of large scale valve manufacturers in
China, and a tiny number of ceramic valve manufacturers in
China.
China Valves' two major manufacturing facilities are located in
Kaifeng and Zhengzhou in Henan Province. Additionally, the Company
has subsidiaries in Changsha, Hunan Province, in Shanghai, and in
Yangzhou and Taizhou, Jiangsu Province. Shengkai Innovations, Inc.
is one of the few ceramic valve manufacturers in the world with
research and development, engineering, and production capacity for
structural ceramics and is able to produce large-sized ceramic
valves with calibers of 6" (150mm) or more. The Company's product
portfolio includes a broad range of valves that are sold throughout
the PRC, to Europe, North America, United Arab Emirates, and other
countries in the Asia-Pacific region.
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step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
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Earlier this week Shengkai Innovations said that revenues in its
fiscal fourth quarter increased nearly 70 percent year-on-year to
approximately $27.3 million. The increase was primarily
attributable to the Company's continuous marketing efforts,
increased customer demand and expanded production capacity at the
new facility. The company said that sales to customers in all
business segments have grown during the quarter.
For the quarter ended June 30, 2011, China Valve Technology's
total revenue was $57.7 million, up 17.1% from $49.3 million in the
same quarter last year. The increase was primarily attributed to
strong demand for gate valves, global valves, safety valves and
butterfly valves from the power generation and water supply
sector.
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