China Valves Tech (NASDAQ:CVVT)

ZHENGZHOU, China, June 20, 2011 /PRNewswire-Asia-FirstCall/ -- China Valves Technology, Inc. (NASDAQ: CVVT) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced that one of the Company's subsidiaries, Henan Kaifeng High Pressure Valve Co., Ltd. ("Kaifeng Valve"), received two purchase orders from China Guangdong Nuclear Power Group ("CGNPG") for gate valves, check valves and globe valves worth $2.0 million in total.

State-owned CGNPG is one of China's two leading companies engaged in nuclear power development and operations. The nuclear forged steel valves covered by the first purchase order will be used for CGNPG's projects at the Hongyanhe nuclear power station in Liaoning province and Ningde nuclear power station in Fujian province. Kaifeng Valve expects to deliver the products for the first purchase order in batches until 2012.

China Valves signed the contract for the second purchase order with its partner Shanghai Electric, the contractor of CGNPG. The valves under this contract are intended for CGNPG's Yangjiang nuclear power station in Guangdong province'. Kaifeng Valve expects to deliver these products in August 2011.

"These two orders reflect our strong strategic partnership with CGNPG and Shanghai Electric," said Jianbao Wang, Chief Executive Officer of China Valves. "While China is still in the process of testing its nuclear plants under construction and emphasizing heightened safety requirements following the nuclear disaster in Japan earlier this year, China's voracious appetite for energy indicates that nuclear power is still likely to be an important part of China's energy solution in the future."

ZHENGZHOU, China, June 14, 2011 /PRNewswire-Asia/ -- China Valves Technology, Inc. (NASDAQ: CVVT) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced that one of the Company's subsidiaries, China Valve Technology (Changsha) Valve Co., Ltd. ("Changsha Valve"), received purchase orders for the Tibet Pangduo Hydro Project (the "Pangduo Project") and South-to-North Water Diversion Project worth several million USD in total. The Company expects to deliver these orders in July 2012 and October 2011, respectively.　

The Pangduo Project is the largest water control project under construction in the Tibet Autonomous Region, focusing mainly on irrigation and hydropower generation and costing an estimated RMB 4.69 billion. The construction of the Pangduo Project was launched on July 15, 2009, and is expected to be completed in 2016.

For the South-to-North Water Diversion Project, Changsha Valve expects to provide electronic or manual butterfly valves. The purpose of the South-to-North Water Diversion Project is to improve utilization of water resources in China.

"The Pangduo Project is our first move into the Tibetan market, which is a region with rich water resources, and we expect to continue exploring this large and developing market," said Jianbao Wang, Chief Executive Officer of China Valves. "In addition, the purchase order for the South-to-North Water Diversion Project represented our leading market position in China's hydro market."