Montreal manufacturer’s French subsidiary will deliver the valves through 2018 and 2019.
New collective bargaining agreement lasts three years.
Employees overwhelming vote against labour agreement that would have boosted wages over three years.
$9.75M contract for two new Russian-designed pressurized water reactors.
Industrial valve manufacturer Velan Inc.’s French subsidiary has won contracts worth $16.2 million from the China Nuclear Energy Industry Corp.
A Russian boilermaker has ordered $20 million worth of valves from Velan Inc. for three 660-megawatt units going into a supercritical coal-fired power plant in Barh, India.
Velan has acquired a 70% stake in ABV Energy S.p.A., an Italian manufacturer of engineered valves, actuators and control systems for the energy market.