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China Power Equipment, Inc. (CPQQ) Reports Added Manufacturing Capacity

|Includes: China Power Equipment Inc. (CPQQ)

China Power Equipment, Inc. reported that the company’s new manufacturing facility in China has begun regular product production, providing a significant increase in capacity for the company.

China Power Equipment, Inc. said that the new manufacturing facility would add 5,000 metric tons of capacity, bringing the company’s total manufacturing capacity to 6,500 metric tons.

China Power Equipment, Inc. is using the facility to manufacture amorphous alloy transformer cores, and several other associated products. The company was previously outsourcing production of transformer cores to another manufacturer due to high demand by its customers.

China Power Equipment, Inc. said that the new manufacturing facility is located in Jingyang, China, in the Jingwei Industrial Zone. The company manufactures a total of 59 products at the new plant and its other facility in Xi’an. These products are used in the construction of electricity transformers.

The company believes that its amorphous alloy transformer cores are superior to the old steel transformer cores, and uses 60% to 70% less electricity.

China Power Equipment, Inc. is headquartered in China and also does business under two related companies – the Xi’an Amorphous Zhongxi Co., Ltd. and the An Sen (Xi’an) Power Science & Technology Co., Ltd.

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