CER opens new design and manufacturing facility

The facility expands its ability for new orders and speed delivery of large-scale waste heat systems for new and retro-fitted industrial plants.

This is specifically for the industrial plants located in China and overseas.

CRE's new design and manufacturing facility is located on a 15-acre site within the Yizheng Automobile Industrial Park in Yangzhou City, located near a commercially navigable tributary of the Yangtze River.

This will help the company increase the number and value of orders in its pipeline. Just recently, China Energy Recovery announced winning two major contracts for delivery in 2011 worth an aggregate $75 million, a figure more than three times the company's fiscal 2009 revenue.

In remarks to invited guests, Mr. Wu thanked all the parties involved in the approval, financing, design and construction of the new facility and expressed his expectation that Phase Two construction will proceed as efficiently as Phase One. Mr. Wu also noted that the new facility's state-of-the-art design and manufacturing capability will help CER substantially expand its business.

"The future is very bright for CER. With this new facility, we have the ability to better meet already strong demand from our fast-growing customer base and the capability to expand our business into new profitable areas," CER Chairman and Chief Executive Officer Qinghuan Wusaid.

"CER now has the production capacity it needs to support its short-term design and manufacturing needs. And we are very excited to embark on Phase-Two construction as we will require that capacity very soon in support the company's long-term growth in China and overseas."