China Wind Systems, Inc. to Expand Forged Product Facility and Produce Electro-Slag Re-Melted Products
WUXI,
Wind Systems, Inc. (OTC Bulletin Board: CWSI.OB) (“China Wind Systems” or the
“Company”), a leading supplier of forged products and industrial equipment to
the wind power and other industries in
its recently completed state-of-the-art forged product facility with a new
production line, enabling the Company to manufacture electro-slag re-melted
(ESR) forged products for the high performance components market of the wind
power industry.
China Wind Systems has ordered the initial machinery for the expansion
project, which is expected to be completed by the end of the second quarter of
2010, pending financing. At full capacity, the ESR production line is expected
to be able to produce 6,000 tons of products that are currently priced at
approximately
specialized nature of ESR applications, the Company believes that it will be
able to achieve significantly higher margins for ESR products than for its
current forged products.
“ESR technology is utilized to increase the durability and quality of
steel material used in high-quality yaw bearings and other high performance
components,” commented Mr.
Inc. “We are confident that by manufacturing these high-end forged products,
we will enhance our brand recognition in the industry and increase our
profitability.”
About China Wind Systems, Inc.
China Wind Systems supplies forged rolled rings to the wind power and
other industries and industrial equipment to the textile and energy industries
in
Company is expected soon to significantly increase its shipment of high-
precision rolled rings and other essential components. For more information on
the Company, please visit http://www.chinawindsystems.com. Information on the
Company’s Web site or any other Web site does not constitute a portion of this
release.
Safe Harbor Statement
This release contains certain “forward-looking statements” relating to the
business of the Company and its subsidiary companies. These forward looking
statements are often identified by the use of forward-looking terminology such
as “believes”, “expects” or similar expressions. Such forward looking
statements involve known and unknown risks and uncertainties that may cause
actual results to be materially different from those described herein as
anticipated, believed, estimated or expected. Investors should not place undue
reliance on these forward-looking statements, which speak only as of the date
of this press release. The Company’s actual results could differ materially
from those anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company’s periodic
reports that are filed with the Securities and Exchange Commission and
available on its website (http://www.sec.gov). All forward-looking statements
attributable to the Company or to persons acting on its behalf are expressly
qualified in their entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these forward-
looking statements.
Company Contact: Investor Relations Contact:
Mr. Leo Wang Mr. Crocker Coulson
Chief Financial Officer President
China Wind Systems, Inc. CCG Investor Relations
Tel: +1-877-224-6696 x705 Tel: +1-646-213-1915 (NY Office)
E-mail: leo.wang@chinawindsystems.com E-mail: crocker.coulson@ccgir.com
Website: www.chinawindsystems.com Website: www.ccgirasia.com
SOURCE China Wind Systems, Inc.