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WTFS(0.1440) NEWS out $$ >> Xinde Technology Board Approves Plan for New High-Powered Diesel Engine Lines

Date : 07/18/2011 @ 8:30AM
Source : PR Newswire


Anticipating continuing rapid growth in China's economy, and following an extensive study of the diesel engine market, the Xinde Technology (OTCBB: WTFS) Board of Directors has approved plans for the development of a new line of Xinde Technology high-powered diesel engines. The Company, a widely respected China-based designer and manufacturer of internal combustion engines and parts, particularly for China's $100 billion diesel engine and parts market, now plans to produce non-road combustion engines with power ranging from 200KW to 1500 KW. These will be used primarily as marine engines, engineering machines, non-road generators, and machines for road construction, and will include 6-cylinder, 8-cylinder, 12-cylinder and 16-cylinder engine series.

Current Short Supply

According to Mr. Dianjun Liu, President and Chief Executive Officer of the Company, "The typical current customer wait for these higher powered engines is about is about six months, reflecting a very favorable supply/demand opportunity for us. Our goal is to produce 5,000 to 10,000 of the higher-powered engines annually, potentially generating revenues of RMB one billion ($154,294,793) with profit margins exceeding 20%. We already have begun initial preparation for this project and are aiming to see our first new high-powered products coming off the line in 2012."

About Xinde Technology Company

Based in China's Shandong Province in the city of Weifang, Xinde Technology Company, with fiscal 2010 revenues of $123 million, competes in three primary product segments, namely (1) fuel injection system products, (2) diesel engine products and (3) generator products. The Company has a broad range of products including non-vehicle diesel engines, diesel generators, injection pumps, injectors and three-coupling components, agricultural machinery and construction machinery which greatly reduces its comprehensive costs which, in turn, increases its competitiveness. The Company's focus is on the domestic market in China, where its customers include several of China's largest companies in the country's most rapidly growing industries. As a consequence, the Company's production volume has been growing approximately 30% annually.