CIRCOR Signs Agreement to Expand in Weihai ETDZ

CIRCOR Signs Agreement to Expand in Weihai Economic & Technological Development Zone

(June 11, 2019) – CIRCOR has signed an investment agreement to build a new facility in the Weihai Economic & Technological Development Zone (ETDZ). This commitment is a significant step forward in CIRCOR’s strategy to support the company’s customers in China and Asia Pacific.

“CIRCOR has a long relationship with Weihai ETDZ and we are excited to work together in expanding our China footprint to support our customers with our robust portfolio of established flow control technologies,” said Ashish Dutta, VP CIRCOR China and Industrial APAC.

CIRCOR Weihai currently manufactures centrifugal and three-screw positive displacement pumps for the industrial and commercial marine markets. The new facility is scheduled for opening in 2020 in the city of Weihai in Shandong province which is strategically accessible by highway, air, rail and sea.

“Weihai is a great location for us because of its proximity to our customers, as well as the thriving regional supplier base,” said CIRCOR International President and CEO Scott Buckhout. “Our partnership with Weihai ETDZ will also position us to cultivate and fuel a local innovation pipeline for tomorrow’s flow control solutions.”

About CIRCOR

CIRCOR International, Inc. (NYSE: CIR) designs, manufactures and markets differentiated flow control products and sub-systems for Energy, Aerospace & Defense and Industrial customers. The Company has a diversified product portfolio of recognized, market-leading brands (Allweiler®, Houttuin™, Imo®, Leslie Controls, RTK®, Schroedahl®, Tushaco®, Warren® and Zenith®) that fulfill its customers’ mission critical needs.

About ETDZ

Weihai Economic & Technological Development Zone is a national-level development zone approved by the State Council in 1992. It is located at the core of the Northeast Asian Economic Circle. It takes a good advantage in terms of location and transportation. ETDZ has all three major industries and has a strong economic potential. It is the largest export-oriented economic zone with the best quality.

赛科集团与威海经济技术开发区签署扩建协议

(2019年6月11日) - 赛科与威海经济技术开发区(ETDZ)签署投资协议，扩建新工厂。此次签约是赛科集团满足其中国及亚太地区客户需求战略方案中的重要一步。

“赛科集团与威海经济技术开发区(ETDZ)有着长期的合作关系，我们很高兴能够与威海经济技术开发区(ETDZ)继续通力协作，以赛科强大的流体控制技术作支持，来满足客户的需求，扩展我们在中国的业务。”赛科中国区兼工业事业部亚太区副总裁Ashish Dutta先生表示。

赛科威海工厂目前为工业及商业船舶市场制造离心泵和三螺杆正排量泵。山东省威海市的新工厂计划于2020年投入使用，工厂附近高速公路、航空、铁路和海运等交通方式便利，具有特别的战略性优势。
 

“我们选择威海是因为它十分靠近我们的客户，以及正在蓬勃发展的供应商基地”，赛科全球总裁兼首席执行官Scott Buckhout先生表示，“与威海经济技术开发区(ETDZ)的合作也将促进我们为未来的流体控制解决方案寻找和培育立足本土的创新渠道。”

###

关于赛科
赛科国际(纽约证券交易所代码：CIR) 为能源业、航空航天和国防业以及工业客户设计、制造和销售差异化的流体控制产品及子系统。公司有诸多公认的市场领先品牌(Allweiler®，Houttuin™，Imo®，Leslie Controls，RTK®，Schroedahl®，Tushaco®，Warren®和Zenith®)及多元化的产品，可充分满足客户的关键需求。

关于威海经济技术开发区

中国威海经济技术开发区是1992年经国务院批准的国家级开发区，位于东北亚经济圈核心位置，区位交通优势明显，三大产业门类齐全，经济发展实力强劲，是外向型经济体量最大、质量最优的区域。