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China Wind Systems Begins Production At New Facility
Wuxi, China (SPX) Feb 17, 2009 China Wind Systems has announced that it has begun producing forged products at its new facility in Wuxi City after successfully completing equipment test runs. Pursuant to preliminary agreements signed in September, China Wind Systems has delivered sample products to Wuxi Lida Gear Manufacturing, Gansu Keyao Electrical Power, and Hangzhou Advance Gearbox all of which have inspected and approved the Company's product prototypes. Both Wuxi Lida and Gansu Keyao previously signed preliminary agreements with China Wind Systems to purchase up to 1,350 tons of rolled rings and 3,300 tons of wind tower flanges, respectively. Wuxi Lida and Gansu Keyao are expected to sign definitive purchase agreements with China Wind Systems upon receipt and approval of the initial units to be delivered pursuant to the preliminary agreement. Hangzhou Gearbox has initially ordered 150 tons of gear rims from China Wind Systems. The Company will begin shipping orders immediately and expects the utilization rate of the new facility to ramp up as it fine-tunes the manufacturing automation process in the coming months. "We are pleased to announce that our new production facility is now up and running and that our product prototypes have been delivered and accepted by key wind-power customers. While the utilization rate at our new facility is expected to be lower during the start-up period, we anticipate that our production output will increase significantly within the next few months as we complete the calibration process for the machines' automated system," said Mr. Jianhua Wu, chairman and CEO of China Wind Systems. "We remain optimistic with the outlook of our forging business for the wind-power industry, particularly in light of the Chinese government's announced commitment to support wind energy as a key economic growth area, as recently reported by the Global Wind Energy Council. In 2009, China's new installed wind capacity is projected to nearly double again from 12.2 GW as China joins the U.S. as a leading market for new installed capacity," concluded Mr. Wu. Share This Article With Planet Earth
Related Links China Wind Systems Powering The World in the 21st Century at Energy-Daily.com
Desert Claim Revision Projected To Deliver Power For 57000 Homes
Ellensburg WA (SPX) Feb 11, 2009Power for 57,000 homes, more distance between turbines and residences, and a major contribution to Kittitas County's economy. That's the future's triple benefit projected from enXco's revised layout for its Desert Claim wind farm, said David Steeb, project director. |
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