8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  January 27, 2009

SHENGKAI INNOVATIONS, INC.

(Exact Name of Registrant as Specified in Charter)

Florida	000-51972	11-3737500
(State or Other Jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification No.)

No. 27, Wang Gang Road,

Jin Nan (Shuang Gang) Economic and

Technology Development Area

Tianjin, People’s Republic of China 300350  

(Address of Principal Executive Offices)

Registrant's telephone number, including area code:  (86) 22-2858-8899

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On January 27, 2009, Shengkai Innovations, Inc., a Florida corporation (the “Company”), issued a press release announcing that it has retained CCG Investor Relations to design and execute its investor relations campaign.  A copy of the related press release is being filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference in its entirety.

The information in this Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits.

99.1 Press release dated January 27, 2009, issued by Shengkai Innovations, Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 27, 2009
SHENGKAI INNOVATIONS, INC.
By:	/s/ Wang Chen
	Wang Chen
	Chief Executive Officer

EX-99.1

Contact:

CCG Investor Relations

Crocker Coulson, President

Phone: +1-646-213-1915 (New York) or

Linda Salo, Phone: +1-646-922-0894

Email: crocker.coulson@ccgir.com

Website: www.ccgirasia.com

Shengkai Innovations Retains CCG Investor Relations

Tianjin, China – January 27, 2009 – Shengkai Innovations, Inc. (OTC BB: SKII) (“Shengkai Innovations” or the “Company”), a company involved in the design, manufacture and sales of ceramic valves and high-tech ceramic materials, technical consultation and services, and the import and export of ceramic valves and related technology, announced today that it has retained CCG Investor Relations (“CCG”) to design and execute its investor relations campaign.

Shengkai Innovations develops more than 700 types of ceramic products and specifications in 32 series under nine categories. Of these, the Company has obtained national patents for 21 products.  Shengkai Innovations’ core technology effectively lowers firing temperature and enhances the homogeneous dispersion of ceramic pulp, in order to control the contraction ratio during the ceramic sintering process and to improve the grade of the finished products. Ceramic valves represent a very small proportion of the industrial valve industry. Although the unit price of metal valves is typically lower than the unit price of ceramic valves, ceramic valves have been shown to be more durable than metal valves. Shengkai Innovations has also developed the technology to resolve problems that arise from the combination of ceramics and metal with different coefficients of thermal expansion and to ensure that the valves produced are leak-proof.

“With 15 years of operations in China, we have established a broad customer base comprised of over 300 customers in various industries, including China Petroleum & Chemical Corporation and PetroChina. Our unique technology for producing ceramic valves sets us apart from our competitors and has allowed us to establish a vast market share of the ceramic valves industry,” said Mr. Chen Wang, the Company’s Chief Executive Officer. “We are working to enhance our position as a leading supplier of ceramic valves and integrated solutions in the power generation, petrochemical, and environmental protection industries in China.  We look forward to working with CCG to communicate information about our business operations and financial performance to our shareholders.”

“Additional government spending throughout China, especially in the power generation and petrochemical industries, is spurring demand for high-quality suppliers of ceramic valves. Shengkai Innovations, with its broad product portfolio and technological advantages over other domestic ceramic valves manufacturers, is a well recognized valve manufacturer that we believe is well positioned to take advantage of this increased demand,” said Crocker Coulson, President of CCG Investor Relations.

Shenkai’s current annual production capacity is 7,500 sets of ceramic valves per year. In 2008, the Company operated at 137% of capacity by extending working shifts at its manufacturing facilities in Tianjin. The Company plans to upgrade and expand its manufacturing capacity and enhance its technological capabilities.  In October 2008, Shengkai Innovations won land use rights for the construction of a new manufacturing facility, which would increase annual production capacity to 24,000 sets per year. The Company expects the facility to be in operation by end-2009.

In the fiscal year ended June 30, 2008, Shengkai Innovations generated revenue of $32.4 million and net income of $10.1 million, up 40% and 53%, respectively, from the prior year.

About CCG Investor Relations

CCG Investor Relations is a global, full-service investor relations firm, headquartered in Los Angeles, CA, with offices in New York City, Newport Beach, CA, Dallas, Texas, Beijing, Shanghai, Shenzhen and Tel Aviv. CCG is uniquely positioned to provide outsourced, high-level investor relations solutions to its clients, combined with an in-depth understanding of Asia's corporate culture and economic environment, to convey their story to funds and broker-dealers located in the U.S. For further information, contact CCG directly, or visit the Company's Web site at http://www.ccgirasia.com.

About Shengkai Innovations, Inc.

Shengkai Innovations is engaged in the design, manufacturing and sales of ceramic valves, the manufacturing and sales of high-tech ceramic materials, technical consultation and services, and the import and export of ceramic valves and related technologies. These industrial valve products are used by companies in the electric power, petrochemical, metallurgy, and environmental protection industries as high-performance, more durable alternatives to traditional metal valves.

Shengkai Innovations develops ceramic products with more than 700 types and specifications in 32 series, under nine categories. Of these, Chinese patents have been obtained for 12 products, and applications for nine more are pending. Shengkai Innovations' products have won the title of "National Key New Product" in China four times from 1999-2003 and won a silver medal in the Shanghai International Industry Fair in 2002.

Shengkai Innovations' products are distributed throughout China and are exported to North America and the Asia-Pacific region. Totaling over 300 customers, after a six-year application process, Shengkai Innovations became a supplier of China Petroleum & Chemical Corporation ("CPCC") in 2005 and a member of the PetroChina supply network in 2006.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the effect of political, economic, and market conditions and geopolitical events, legislative and regulatory changes, the Company’s ability to expand and upgrade its production capacity, the actions and initiatives of current and potential competitors, and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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