Cameron Announces Joint Venture with CNPC
Cameron has announced an agreement with CNPC to establish a joint venture for the manufacture of pipeline ball valves mainly for use by CNPC to support its plans to build pipeline across China in the coming decade.
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Under the terms of agreement, Cameron will license its technology to the joint venture and establish a full scale manufacturing operation in Tianjin, China, with CNPC Bohai Equipment Manufacturing Co., Ltd. This joint venture will be the exclusive pipeline valve manufacturing entity within CNPC.
Cameron brings over a half century of valve design and manufacturing experience for the oil and gas industry to this joint venture with CNPC.
Cameron is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries. The Valves & Measurement business segment designs and manufactures API 6D valves and valve automation products specifically for the drilling, production, processing and industrial markets.
For more information contact: www.c-a-m.com/valves or email valves@c-a-m.com.
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