€33mln contracts for Velan in China

Velan Inc. has been awarded important contracts for the supply of nuclear class valves to China Nuclear Power Engineering Corporation (CNPEC), China Nuclear Power Engineering Co. Ltd. (CNPE), China Nuclear Energy Industry Corporation (CNEIC), and State Nuclear Power Engineering Corporation Ltd (SNPEC).
These nuclear valve orders represent a sales value of about US$36 million (€33 million) recorded in backlog of the 2016-2017 fiscal year. The valves are scheduled for delivery from 2018 until 2019.
The supply contracts deal with forged, high-pressure and ASME Class 1 valves, and will be put in five different nuclear power plants.