Wuxi ships Asian-manufactured solar equipment

Wuxi Critical Mechanical Components Co., Ltd., shipped its first solar equipment.

Wuxi Critical Mechanical Components  is meeting the immediate demand for local manufacture and machining of components for a large customer in the Solar Energy industry and growing demand from current and potential customers in the region.

TechPrecision formed WCMC in October 2010 as a wholly foreign owned enterprise in consultation with a current TechPrecision customer based on the significant growth in demand for Solar Energy components in Asia and especially China. Currently, 90 per cent of the world's poly and mono silicon panels are scheduled to be built in China and similar demand for local manufacture of nuclear plants exists in China. WCMC enables TechPrecision to position its supply chain management closer to its customers, reducing trans-ocean shipment costs and accelerating lead times.

"This first shipment from our China subsidiary marks a milestone in TechPrecision's global manufacturing expansion and demonstrates the strong long-term

prospects for our place in the green energy vertical," commented James Molinaro, CEO of TechPrecision Corporation. "Our ability to quickly establish our

new China operation and deliver product was a key milestone to achieve. We expect to significantly increase our global business as a result of this

capability."