NF Energy Saving Corporation.
NFEC ("NF Energy" or the "Company"), a leading energy saving
services and solutions provider for China's power, petrochemical, coal,
metallurgy, construction, and municipal infrastructure development industries.
On August 13, 2013, the Guangdong division of the Company's wholly owned
subsidiary Liaoning NF Energy signed an energy efficiency service contract
with Dongguan Xianjia Plastic Products Company, a Xianhao International Group
company, to retrofit 58 units of the client's injection molding machines
(IMM). The project is expected to save energy by up to 40%. In addition, more
than 60 units of IMM equipment are lined up for energy service at Xinhao Mold
Plastic (Shenzhen) Co., Ltd. For the contracted project, NF Energy will apply
its own technologies and many years of experience in motor-drive energy
efficiency improvements. A test was conducted by both parties prior to the
signing of the contract and the Company's solution was found to be very
effective. With the kickoff of this energy saving project, the Company expects
energy service projects like this one in the plastic industry to become a new
source of revenue.
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