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.”