China Fire Signs New Contracts with Anshan Iron & Steel Group Corporation

Monday, Jan 05, 2009

China Fire & Security Group, Inc., a leading industrial fire protection product and solution provider in China, announced today that the Company has signed two total solution contracts with Anshan Iron &Steel Group Corporation for a total value of approximately USD$4.4 million.

Anshan Iron & Steel Group Corporation is headquartered in Anshan City, Liaoning Province, China.With annual production capacity of 32 million tons of iron and steel, Anshanis one of the top three large-scale, state-owned iron & steel companies in China.

Under the first contract, China Fire will serve as a to talfire protection solution provider for the tandem rolling factory of Anling Iron& Steel Company Limited, one of An steel's subsidiaries. The contract is valued at approximately $2.8 million. China Fire will be responsible for implementing the entire fire protection project including engineering,procurement, construction, monitoring, technical guidance and maintenance.