China Wind Systems, Inc. (CWSI.OB) supplies precision wind components within the wind energy industry. The company was founded in 1995 and operates in China. In addition to supplying wind components, the company manufactures and sells industrial equipment in the textile and coal power industries through its affiliates, Huayang Dye Machine and Huayang Electrical Power Equipment. China Wind has been largely focused on its wind energy business since the beginning of 2007.
China Wind Systems supplies rolled rings that are less than 5 meters in diameter. In addition to the wind power industry, the rolled rings are used in the railway, heavy manufacturing, petrochemical, metallurgical, sea port machinery, defense and radar industries. The company also has plans to manufacture their own forged rolled rings as well as other wind components, rather than just being a supplier. China Wind Systems has a new manufacturing facility in Wuxi City in the Peoples Republic of China.
In the United States, the U.S. Department of Energy is calling for 20% of all electricity to be generated by wind by 2030. In 2008, wind energy in the U.S. accounted for 6% of renewable electricity generation and almost 1% of the total electricity supply. The wind power industry in China is exceeding previous expectations by ranking 5th in the world behind Germany, the United States, Spain, and India.
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