Flowserve Corp., supplier in the fluid motion and control industry, has signed a Memorandum of Understanding with the China National Nuclear Corporation (CNNC) and SUFA Technology Industry Co., LTD CNNC (SUFA). The memorandum is an exclusive agreement for the companies to explore forming a joint venture partnership in Suzhou, China.

The Chinese civilian nuclear power market is expected to experience significant growth in the coming years,” said Jiangang Qiu, vice president of China National Nuclear Corporation. “The joint venture we are exploring would produce nuclear valves exclusively for the Chinese domestic nuclear market.”

Management teams from CNNC, SUFA and Flowserve recently met at Flowserve’s headquarters in Irving, TX, to sign the agreement. The CNNC, an …