Velan ABV S.r.l.

Sede Legale : Via di Coselli n.13/15, 55012 – Capannori (LUCCA), Italy Tel: +39 0583 403 587 Fax: +39 0583 949 920 www.velanabv.com

Velan ABV S.r.l. Società a socio unico soggetta alla direzione e coordinamento da parte di Velan Inc. Capitale Sociale: Euro 1.000.000,00 interamente versato C.F.: 01751390467- P.Iva / VAT: IT 01751390467 Numero di iscrizione al Registro imprese di Lucca: N.REA LU- 168706

QUALITY POLICY

VELAN ABV focuses its energies, to increase its skills and optimize its resources, to meet

and exceed customer expectations, trying to acquire an increasingly important position

in the oil and gas market, for the design and production of valves, actuators and control

systems, using the Quality Management System, according to the reference standards

UNI EN ISO 9001:2015, API Q1 9th Ed. 2013 and European Directive 2014/68/EU.

The Top Management considers Quality a key element of its strategy. It spreads and

promotes the commitment to the development and maintenance over time of an

effective and coherent Quality Management System at all levels.

The Quality Policy defined by Top Management, within the scope of the Quality

Management System, establishes the following priority objectives:

SATISFACTION • Customer satisfaction

• Compliance of products with requirements

• On time delivery

GROWTH & DEVELOPMENT • Competence and awareness of people

• Safe and respectful behavior in ethics and environment

IMPROVEMENT • Seize opportunities. Prevent risks

• Continuous improvement

The Top Management undertakes to make available adequate resources, in terms of

competence, equipment, economic resources and to monitor their adequacy according to

the targets set by appropriate indicators, the results of the audits and the improvement

plan.

The Quality Policy is periodically reviewed, during the Management Review and during

changes to the Quality Management System and, if necessary, revised.

The Top Management undertakes to promote the spread and understanding of the

Quality Policy to all stakeholder through training sessions with the managers and

showing its content within the plants and on the company website.

Lucca, December 11th, 2017

___________________ P. Ranieri / C.E.O.

Velan ABV