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It is understood that the annual production capacity of Wuxi valve industry has reached 3 billion RMB at present. The annual processing output value has reached 5 billion RMB. Thus it can be said that the valve industry is becoming a fast-growing large scale industry in the light industry in the Jiangsu province. But it still has many problems such as a slow pace of development, not too much large and medium-sized valve company, not too high product grade. If seizing the opportunities, Wuxi valve industry can has a huge room to develop.
Facing with an attractive market "pie", Wuxi seizes the initiative in the south of the Yangtze River. 6 valve enterprises in Wuxi have signed an investment agreement with Binhu Economic Development Zone. The 6 valve industry investment projects are with more than 1 billion RMB value.
In recent years, China valve industry has entered a rapid development period,of which the threshold has risen. China has become Asian largest valve processing center and one of the world largest valve markets. But the per capita domestic consumption of valve products is not high in the world: only $22 per capita at present. But with the spring up of valve market used in power station, chemical industry, valve material, food sector, we can see that the valve industry has a promising prospects and an attractive market.