Cover Story
Expanding global reach
While Neway has strong roots in China , the company has always had global ambitions . Its “ regional diversified strategy ” has led to significant growth in markets beyond its traditional stronghold in America . The company has seen success in the Middle East and Southeast Asia and is now focusing on expanding its presence in Africa , Australia and South America . Feng explains the rationale behind this strategy : “ On one hand , this reduces excessive dependence on certain markets and raises overall risk resistance . On the other hand , exploring the potential of emerging markets leads to more points of business growth . The result will be enhanced company strength and brand image influence , and eventually helps to realise sustainable development of the company .” Europe has become a key market for Neway . The company has been active in oil and gas , chemical , LNG and marine engineering projects in the region for years . More recently , Neway has turned its attention to Europe ’ s booming new energy sector , participating in projects related to offshore wind power , carbon capture , hydrogen production and biomass energy . “ The European new energy market has very high standards for product quality and performance ,” Feng notes . “ This challenges us to continuously upgrade our skills , techniques and product quality . It ’ s an opportunity for us to focus on technical innovation , increasing added value and enhancing our brand influence with the goal of sustainable development .”
Lean production line for floating ball valve
Feng also highlights the alignment between Neway ’ s values and the European market ’ s emphasis on sustainability : “ Being a listed company , Neway always advocates human rights , environmental protection , quality and sustainable development and upholds these factors as our core development principle . These factors are in line with the market trends and they are also key areas where Neway performs its social responsibility .”
Building a sustainable future
Sustainability is a core principle that guides Neway ’ s operations and future plans . The company has set ambitious goals for reducing its environmental impact and improving employee well-being by 2030 . These goals include :
1 . Operation-related energy & emissions : Reduce absolute greenhouse gas ( GHG ) emissions from operations by 35 % from 2021 to 2030 . ( By 2023 , reached 29.42 % / 35 %)
2 . Operation-related waste : Reduce landfill intensity by 30 % from 2021 to 2030 . ( By 2023 , reached 7.12 % / 30 %)
3 . Operation-related water : Reduce water consumption from operations by 50 % from 2021 to 2030 . ( By 2023 , reached 48.67 % / 50 %)
4 . Employee health & safety : Reduce recordable injury frequency ( RIF ) by 30 % from 2021 to 2030 . ( By 2023 , reached 12.20 % / 30 %)
5 . Training : Increase the number of training hours per person per year by 50 % from 2021 to 2030 . ( By 2023 , reached 25.5 % / 50 %)
6 . Employee satisfaction : Increase the satisfaction of the company in the eyes
40 inch 600LB fully-welded ball valves Elvin Feng , President of Neway Valve
10 Valve World October 2024 www . valve-world . net