China Fire (CFSG) Wins New $4.4M Contract with Dongbei Special Steel Group

March 3, 2009 7:50 AM EST

China Fire & Security Group, Inc. (Nasdaq: CFSG) announced that the Company has signed a total solution contract worth approximately USD$4.4 million with Dongbei Special Steel Group Co., Ltd for automated fire protection systems.

Formed through a merger of three northeast-Chinese iron & steel companies in 2004, Tegang is a multi-billion dollar producer of high-grade specialized steel and is the largest special steel company in northern China. With three production plants located in Dalian, Fushun and Beiman of Liaoning Province, Tegang has an annual production capacity of 3.3 million tons of crude steel and 3 million tons of special steel products, including stainless steel bars, steel tools, steel molds, steel springs, and steel bearings. Tegang's customers are primarily manufacturers of aviation, navigation, nuclear power, conventional weaponry, petrochemical, electronics, instruments and appliances, light textile, and automotive products.

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