| Message: | Last month, a Brazilian hydraulic valve customer informed me that due to domestic political reasons, they had stopped importing hydraulic valves. I was a bit surprised at the time, as he had been purchasing hydraulic Sequence Valves from AAK. Two weeks later, it was learned that this hydraulic valve customer had applied for bankruptcy. Fortunately, the hydraulic Sequence Valves supplied by AAK are all prepaid. It was heard that the other two hydraulic valve manufacturers in Ningbo have over 70,000 US Dollars of payment for hydraulic Sequence Valves not recovered. |
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