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Chinese company to investigate unfair trade allegations

by Jay F. Marks Published: March 15, 2014
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A China-based valve company serving the oil and natural gas industry intends to investigate allegations it is engaging in unfair trade practices.

Neway Valve Co.  was accused this week of using pirated software to help it undercut the prices offered by Oklahoma-based manufacturers in a lawsuit filed this week by the Oklahoma attorney general’s office.

Neway President David Standefer said he did not know anything about the lawsuit until notified of it by The Oklahoman.

“We took a look at the lawsuit yesterday evening and are investigating its complaint,” Standefer said in a statement to The Oklahoman on Saturday, although his comments were dated Friday.

“The team at Neway wants to get to the bottom of this situation and ensure that our manufacturing facilities are doing what they are supposed to be doing.”

by Jay F. Marks
Energy Reporter
Jay F. Marks has been covering Oklahoma news since graduating from Oklahoma State University in 1996. He worked in Sulphur and Enid before joining The Oklahoman in 2005. Marks has been covering the energy industry since 2009.
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