Wuxi, China, August 25, 2010 — China Wind Systems, Inc., a supplier of forged products and industrial equipment to the wind power and other industries in China, won a new contract to supply forged rolled rings to Luoyang Xin Qiang Lian Bearing Co., a wind power component producer.
Xin Qiang Lian has advised us that its customer base includes companies such as Dongfang Turbine Co., Ltd., Guodian United Power Technology Co., Ltd., Xiangtan Electrical and Mingyang Wind Power Group.
Pursuant to the contract, China Wind Systems will supply 2,526 tons of forged rolled rings to Xin Qiang Lian by September 30, 2010 at a selling price of $1,765 per ton. The total sales price is to be $4.5 million.
China Wind Systems supplies precision forged components such as rolled rings, shafts and flanges to the wind power and other industries and industrial equipment primarily to the textile industry in China.
The company has increased its production and shipment of high-precision rolled rings and other essential components primarily to the wind power and other industries.