Fuwate Valve Manufacture Group Co., Ltd. For Sino-foreign cooperation is the conglomerate that is set up by WenZhou LongTe Valve CO., LTD and FuZhao International Investment Corporation, whose subsidiaries contain WenZhou LongTe Valve CO., LTD, WenZhou GuoLong Valve CO., LTD, WenZhou FuLong Valve CO., LTD, WenZhou Haizheng Pipe CO., LTD, WenZhou ZhongYang Petroleum and chemical Machinery CO., LTD, and so on, specializing in making valve of all kinds and pipeline accessories such as in medicine, living things, chemical industry, petroleum and chemical, waterpower, etc. In recent years, the valve industry in our country has developed comparatively quickly, but it can satisfy a market demand far from, and a lot of consumers still depend on import. Therefore, the valve product has a fine market prospect and a potential development. The multifunctional antibiotics valve of WenZhou LongTe Valve CO., LTD, which researched and developed by itself, takes that tangible assets and intangible assets and inventive patent power of operation convert into money as 13 million dollar(add up to 110 million yuan of RMB about). This item invention has filled in blank space at home and abroad in the same industry. We have whole investment 49.8 million dollar by project mortgage and cooperating with foreign company, and setting up a conglomerate with every subsidiary by joint operation. At present, it is a only conglomerate that is founded in cooperation by the Chinese and foreign in our country. And our FuWaTe Group plans to purchase 120 mus land in Long Wan Industrial Park. The first investment of project is 120 million yuan of RMB, and is mainly used for infrastructure construction and buying machine equipment. Then, the second investment is 50 million yuan of RMB, and is mostly used to expand producing scale and develop new product, realizing the valve's characteristic. The Group's registered capital is 24.5 million dollar, and 17.5 million dollar has realized reality, which has accomplished the contract plan on capital beforehand.

"Hundred barges compete for the stream, time waits for no man". Have joined the WTO, the Chinese position means more on the international. But, we will also be confronted with the tough market competition at the same time. For playing up to the diversification market and being more internationalization, we will carry out the development strategy of enterprise cooperation joint operation, emancipate the mind unceasingly, strengthen the management, and innovate in job, let the enterprise develop and become a comprehensive conglomerate that takes the industry, business and trade into an integral whole.