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.
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.
A major trend in North American manufacturing this year is widespread interest in bringing sourcing and production back from offshore, according to the State of North American Manufacturing 2021 Annual Report from Thomasnet.
CGIS is a global supplier of high-performance valves, controls and automation.
Companies in the valve and control products industry are responding to a confluence of forces that are changing the landscape of manufacturing – automation, agility and digitalization to name a few.