July 31, 2009 (FinancialWire) — China Wind Systems, Inc. (OTCBB: CWSI), a supplier of forged products and industrial equipment to the wind power and other industries in China, said it has signed a $14 million contract to supply wind tower flanges to Chengxi Shipyard Co., Ltd.

The agreement with Chengxi calls for China Wind to deliver wind tower flanges from September 2009 to June 2010 in the amount of 800 to 1,200 tons per month. General Electric (NYSE: GE), one of Chengxi’s largest wind customers, will be the end customer for the wind tower flanges.

Some of Chengxi’s other wind customers include Vestas, Mitsubishi, and Mitsui.

Wuxi, China-based China Wind Systems supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.