July 13, 2010 (FinancialWire) — China Fire & Security Group, Inc. (NASDAQ: CFSG), an industrial fire protection product and solution provider in China, said it has won two total solution retrofitting contracts with Anshan Iron & Steel Group Corp. for a total value of around $4.1 million.

China-based Ansteel boasts an annual production capacity of 32 million tons of iron and steel, and is one of the top three large-scale, state-owned iron and steel companies in China.

Ansteel's Bayuquan Steel Project, located in Yingkou City, Liaoning Province, is a production base for Ansteel's higher-quality products. Since its operations began in 2008, Bayuquan Base has been one of Ansteel's top three production bases with an annual production capacity of 15 million tons.

Under the first contract, valued at around $3.4 million, China Fire will provide fire protection services for a retrofitted medium-heavy plate mill at Ansteel's Bayuquan Base.

Under the second contract, valued at around $0.7 million, China Fire will provide total solution retrofitting service for ANSC-TKS Galvanizing Inc., a joint venture company formed by ThyssenKrupp Stahl and Ansteel. Previously, in 2005, China Fire was contracted to implement a supporting fire protection system for TAGAL's Phases I and II projects.

This time, China Fire has been commissioned to employ its proprietary products, such as linear heat detectors and a fire-alarm monitoring and control system, to make TAGAL's plant fully compliant with the new fire codes for iron and steel industry. This project is scheduled to be completed within the next three months.

China-based China Fire & Security, through its wholly owned subsidiary, Sureland Industrial Fire Safety, has about 430 employees in more than 30 sales and project offices throughout China.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[hlmsmlh] [prfssnlsrvctsrc] [nwdlsldw] [ntrntnlcmpnsbsnss] [chnchn] [ndstrls] [ndstrlspplssrvcs]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.