Carlstadt, N.J., June 1, 2011 — Jinpan International, a designer, manufacturer and distributor of cast resin transformers, secured purchase orders for transformers for wind energy applications, valued at about $5.7 million.
In addition, Jinpan secured purchase orders for customized transformers for polysilicon manufacturing plants, valued at about $15.5 million, between the months of February and May.
Jinpan secured OEM purchase orders for 119 units of wind energy transformers in May. The transformers are destined for a U.S. wind farm currently under development. All 119 units are scheduled for shipment in the third quarter of 2011. The total value of these contracts is about $5.7 million.
Additionally, Jinpan received new orders for customized transformers for use by polysilicon manufacturing plants. Polysilicon is the key material for the production of solar panels and semi-conductors.
Polysilicon production has very demanding power requirements. To meet the demand of this growing market segment, Jinpan developed a custom rectifier transformer for polysilicon manufacturing.
Sales of these custom transformers have increased steadily over the last two years. For the four-month period of February through May, the company secured purchase orders from five different China-based customers for 92 units of these custom transformers from Chinese polysilicon manufacturers for a total value of $15.5 million. The 92 units are scheduled for delivery in the second half of 2011.