Chengdu, China – May 18, 2012 - Tyco Flow Control, a unit of Tyco International (NYSE:TYC), opened a new, state-of-the-art plant in one of China’s fastest growing cities, Chengdu, the capital of Sichuan Province. Tyco Flow Control’s President Patrick Decker and his colleagues hosted an opening ceremony, which drew senior government officials and leading industrial customers from across China, Japan, Southeast Asia, Europe and the United States.
The new plant is part of Tyco Flow Control’s three-year, US$100 million (RMB650 million) China-wide investment program which also includes a China Engineering Center in Shanghai and the launch of a high-performance Steam Testing Center in Qingpu.
“China is a key part of our global growth strategy. The opening of the Chengdu plant demonstrates our long-term commitment to the Chinese market,” said David Dunbar, president of Tyco Valves & Control, a unit of Tyco Flow Control. “Tyco Flow Control’s products and solutions have played a fundamental role in China’s infrastructure projects that are vital to the country’s development. We are pleased to be a part of the country’s plans for the future.”
Covering some 40,000 square meters, the plant is now the largest ball valve production facility in Tyco Flow Control’s global network in terms of manufacturing space. It will manufacture products for the company’s globally recognized KTM brand, enabling customers around the world to improve business efficiency and minimize risk.
“The Chengdu facility significantly expands Tyco Flow Control’s manufacturing footprint in the burgeoning China market and marks a milestone in our ‘Made-in-China-for-China’ initiative,” said Steve Leung, vice president and general manager, Tyco Flow Control’s global process business. “It also supports the Chinese Government’s goal of developing the West of China by contributing to projects in the key chemical, petrochemical, power, mining and oil and gas industries.”
Tyco Flow Control currently employs more than 1,000 talented staff in China. The company expects to continue expanding both production capacity and local talent base in the years to come.
About Tyco Flow Control
Tyco Flow Control, a unit of Tyco International Ltd. (NYSE: TYC), is a leading global manufacturer and marketer of valves and controls, water and environmental systems, and thermal control solutions to vital industries including energy, power, water, mining, chemical, food & beverage, and construction. Tyco Flow Control has more than 13,000 employees in more than 300 locations globally. For more information on Tyco Flow Control, please visit http://www.tycoflowcontrol.com.
Tyco Flow Control
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