China In-Focus: Deer Consumer Products Wins $4 Million South America Supply Contract
January 5, 2010 (FinancialWire) — Deer Consumer Products, Inc. (NASDAQ: DEER), a designer and manufacturer of home and kitchen electronics marketing to both global and Chinese domestic consumers, said it has signed a $4 million supply contract for product shipments to the South American markets for delivery in 2010.
The contract marks one of Deer’s largest single orders for the South American markets, according to the company. Deer said it anticipates the order to be immediately accretive to 2010 earnings. Deer believes the company is well positioned to benefit from the global growth of consumer wealth as well as from the continued economic recovery in developed markets.
China-based Deer Consumer Products’ product lines include blenders, juicers, soy milk makers and other home appliances.
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