China Wind Systems, Inc. (OTC:CHWFY) has announced a preliminary agreement with Shanghi Jin An Metal Materials, Co., Ltd. The agreement states that China Wind Systems will supply 12,000 tons of electro-slag remelted (ESR) products to Shanghi Jin. The products will be delivered to the company within a two and a half year period beginning March 2010.
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China Wind Systems, Inc. operates through its wholly owned subsidiaries Wuxi Huayang Dye Machine Co., Ltd, and Wuxi Huayang Electrical Power Equipment Co., Ltd. The company is operated within two business segments, the dyeing and finishing equipment segment, and the forged rolled rings and electric power equipment segment. The company formed Wuxi Fulland Wind Energy Equipment Co., Ltd. in August 2008.
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