China Wind Systems Inc, which supplies forged rolled rings to the wind power and other industries in China, has announced that it has begun producing forged products at its new facility in Wuxi City.
.
Pursuant to preliminary agreements signed in September 2008. China Wind Systems has delivered sample products to Wuxi Lida Gear Manufacturing Co., Ltd. (Wuxi Lida), Gansu Keyao Electrical Power Co., Ltd. (Gansu Keyao), and Hangzhou Advance Gearbox Group Ltd. (Hangzhou Gearbox) all of which have inspected and approved the company's product prototypes. Both Wuxi Lida and Gansu Keyao previously signed preliminary agreements with the company 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 the company 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 the company.
