Zhejiang Petrochemical Valve Co., Ltd.

Zhejiang Petrochemical Valve Co., Ltd. (Outong Group) was founded in 1978 and is located in the Wenzhou Economic and Technical Development Zone. The company has registered capital of 160 million CNY, covers 85,000 square meters with 75,400 square meters of building area, and employs 368 staff including 111 engineering and technical personnel. Outong is a national key high-tech enterprise and national Torch Plan products manufacturer. The company is an executive director of China's Valve Industry Association and chief of Wenzhou Valve Industry Association. It is an approved supplier to CNPC, CNOOC, and China's thermal and nuclear power systems. Products include ball valves, gate valves, globe valves, check valves, butterfly valves, plug valves, and strainers, manufactured to API 600, API 602, API 609, and API 6D standards. Annual sales reached 360 million yuan by 2016. The company operates an international branch through FX Flow Control BV in Rotterdam, Netherlands.