Archive for February, 2010

A-Power announced new contract and starts wind turbines deliveries

Saturday, February 6th, 2010

A-Power Energy Generation Systems, Ltd., a British Virgin Islands company providing distributed power generation systems in China, announced that it made its first renewable power equipment delivery, having shipped turbines to two wind projects in China.

A-Power Energy, which is now one of the major companies working in the global clean power sector, making equipment for power systems, said it delivered five turbines to a 49.5 MW wind farm in Inner Mongolia, and five turbines to a 19.5 MW project in the province of Shandong. The first turbines deliveries are estimated as “a key milestone in the wind segments commercialization.”

Also, the BVI company received a $40 mln worth  contract with China Machine-Building International Corp,  for building a power plant for a cement.

A-Power Energy Generation Systems, Ltd. (http://bvi-companies.blogspot.com/2008/02/power-energy-generation-systems-ltd.html), a British Virgin Islands company providing distributed power generation systems in China, announced that it made its first renewable power equipment delivery, having shipped turbines to two wind projects in China. Also, the BVI company received a $40 mln worth  contract with China Machine-Building International Corp,  for building a power plant for a cement.
A-Power Energy (http://finance.yahoo.com/q?s=APWR), which is now one of the major companies working in the global clean power sector, making equipment for power systems, said it delivered five turbines to a 49.5 MW wind farm in Inner Mongolia, and five turbines to a 19.5 MW project in the province of Shandong. The first turbines deliveries are estimated as “a key milestone in the wind segments commercialization.”

China Gengsheng signed sales contract for fine precision abrasives

Wednesday, February 3rd, 2010

The Chinese high-tech industrial materials manufacturing company China Gengsheng Minerals Inc., making its business through its subsidiary Gengsheng International Corporation (BVI), entered into an exclusive sales agreement with Junfu Sheng Precision Co., Ltd. The agreement is effective January 10, 2010.

Under the terms of this agreement, Junfu Sheng will market and sell Gengsheng’s fine-precision abrasives products US$0.44mln worth in the eastern part of Guangdong Province within 12 months of the agreement.

By words of Gengsheng Chairman and CEO Mr. Shunqing Zhang, the agreement “represents the first sales contract of our channel strategy, which is to find more abrasives dealers in different areas in China and to focus our marketing onto large-scale customers in the solar industry.”

Products to be marketed and sold by Junfu Cheng include fine precision abrasives used for polishing solar panels and precision equipments and for wire-slicing silicon wafers in the solar industry.

China Gengsheng negotiates with other distributors in different regions of China, in order to expand its abrasives business. China Gengsheng started the commercial production of abrasives during the fourth quarter of 2009. The abrasives market in mainland China and Taiwan makes approximately US$2billion, and the market for the solar-related abrasive products in China is US$750mln.