NEWTEK Successfully Won Project Orders in Multiple Fields

Recently, relying on its outstanding comprehensive strength, NEWTEK GROUP has successfully secured project orders in multiple key fields, reaffirming its leading position in the industry and strong market competitiveness. These orders not only represent recognition of NEWTEK GROUP's past achievements but also inject strong impetus into its future development.

●Energy and Chemical Industry: In-depth Layout to Support Oil and Gas Exploitation​

● Energy and Chemical Industry: In-depth Layout to Support Oil and Gas Exploitation

NEWTEK GROUP has reached a cooperation agreement with PetroChina Tarim Oilfield Company and signed a procurement contract for a 25,000Nm³/h Nitrogen Generation Unit. This unit will serve China's largest ultra-deep oil and gas field - Tarim Oilfield, which is also a major gas source for the West-East Gas Transmission Project. It provides core equipment support for the key pilot project of the oilfield to improve oil recovery efficiency. The renewed cooperation between NEWTEK GROUP and PetroChina in the core oil and gas market demonstrates the continuous deepening of their strategic partnership. This project fully reflects the market's high trust in NEWTEK GROUP's core technological strength and continuous innovation capabilities, further consolidating its leading position in the field of key equipment for the energy and chemical industry.

●Iron and Steel Metallurgy: Fruitful Achievements, Taking Cooperation to a New Level​


 

In the iron and steel metallurgy field, NEWTEK GROUP has signed a contract for a 40,000Nm³/h Air Separation Unit  with Shandong Iron and Steel Yongfeng Lingang Co., Ltd. Notably, this marks the seventh cooperation between the two parties. Previously, they had successfully collaborated on three 20,000Nm³/h, two 30,000Nm³/h, and one 60,000Nm³/h air separation units. NEWTEK GROUP continues to provide core equipment support for the advanced high-quality special steel industrial base of Shandong Iron and Steel Yongfeng Lingang Co., Ltd., which strongly proves its leading position in the air separation field and the high recognition from customers. This long-term and stable cooperative relationship is not only a strong testimony to the quality and service of NEWTEK GROUP's products but also a result of its in-depth cultivation in the iron and steel metallurgy industry.

●Gas Retail: Diversified Expansion, Continuous Extension of Network​

NEWTEK GROUP has also achieved remarkable results in the industrial gas retail business, successively winning bids for multiple Liquid Oxygen Plant and liquid nitrogen plant projects from Yichang Bangpu Times New Energy Co., Ltd., Changzhou Hequan Pharmaceutical Co., Ltd., Hefei National Laboratory, and Yuxi Taibiao Iron and Steel Co., Ltd. in Yunnan Province. These projects cover multiple fields including pharmaceutical R&D, national-level scientific research, traditional iron and steel, and cutting-edge new energy, marking the continuous deepening of the layout of NEWTEK GROUP's gas retail network. Among them, Yichang Bangpu Times New Energy Co., Ltd., a subsidiary of CATL, is a leader among global power battery manufacturers. The successful signing of the project with this company marks a new breakthrough in NEWTEK GROUP's gas business in serving the lithium battery industry, opening up a broader space for its development in the new energy field.

●High-end Equipment: Outstanding Strength, Achieving Top-tier Results Again​
 

In the field of high-end equipment manufacturing, NEWTEK GROUP's Cryogenic Storage Tank products have successfully won the bid for a key project under the "14th Five-Year Plan" of an institute of the Chinese Academy of Sciences - the procurement contract for vacuum containers of a super-large environmental simulation device. This container has extremely high technical requirements, and the only domestic similar container that can be used as a reference was also delivered by NEWTEK GROUP to an institute of the Chinese Academy of Sciences in 2023. After completion, this project will reach the world-leading level in the same industry, once again proving NEWTEK GROUP's top-tier strength in the field of design and manufacturing. This not only demonstrates NEWTEK GROUP's technological innovation capabilities but also reflects its strong competitiveness in the high-end equipment market.

These orders are a strong proof of NEWTEK GROUP's comprehensive strength and market influence. It also indicates that on its future development path, NEWTEK GROUP will continue to adhere to the spirit of innovation and excellence and write a more brilliant chapter.