The production data released by China Valve Industry Association shows that in the first half of 2011, the industrial added value of China's valve industry in 13 sub-industries all increased rapidly with double digits, among which the valves used in construction projects and heavy mines have the fastest growth rate. The chemical industry and valves used in the power generation industry account for nearly 59% of the total industry growth.
According to the data, the comprehensive index of China's valve industry economic efficiency in the first half of the year was 169.55%, which was approximately 20 percentage points higher than the same period of last year. The main business income profit margin was 5.33, an increase of 0.49 percentage points year-on-year. The Vice President of the China Valve Industry Federation said that the government's policy of revitalizing the equipment manufacturing industry, strong market demand, and enhanced industrial investment capacity are all reasons for high growth.
According to the data, the comprehensive index of China's valve industry economic efficiency in the first half of the year was 169.55%, which was approximately 20 percentage points higher than the same period of last year. The main business income profit margin was 5.33, an increase of 0.49 percentage points year-on-year. The Vice President of the China Valve Industry Federation said that the government's policy of revitalizing the equipment manufacturing industry, strong market demand, and enhanced industrial investment capacity are all reasons for high growth.
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