Qingdao Shantai Steel Structure Co., Ltd. was established in March 2004 with a registered capital of 30 million yuan. The company is located in Jiaozhou Bay, Qingdao, a coastal city with well-developed sea, land and air transportation.

2008 is an extraordinary year for all Chinese people, and Shantai company has made remarkable achievements in this extraordinary year. The company successfully obtained the manufacturing license of class I pressure vessels and class II low and medium pressure vessels in August 2008. The annual output of wind power tower of the company exceeds 10000 tons. The wind tower of Beijing Guanting reservoir project, Datang huitengliang project, Huaneng Fuxin project and Shanxi Shenchi project produced by the company were delivered in accordance with the project requirements. 31 sets of 750kW wind turbine tower of Damaoqi project manufactured by the company have been successfully hoisted at the end of 2008. The company has successfully manufactured the boiler frame of Dongguo 300MW unit and the iron towers of Henan Unicom, Inner Mongolia Unicom, Heilongjiang Telecom and other related projects.

According to the prediction of the European Wind Energy Association, the cumulative installed capacity of global wind turbines will reach 149.5gw in the next four years, more than twice that of the current one. From 2006 to 2010, the average annual growth rate of cumulative installed capacity will be 19.1%, compared with 24.3% from 2004 to 2006.

China is believed to be developing at an unexpectedly high speed, leading to the Asian market exceeding expectations. In the future, Asia will develop at the highest annual growth rate in the world (28.3%). From 2007 to 2010, India's new installed capacity is expected to be 8000mw, which will become the fourth largest in the world. China follows closely, but the growth rate is the highest, and the estimated installed capacity during this period is also 8000mw.

Facing the rising trend of the wind power industry as a whole, Shantai company will seize the opportunity. In 2009, under the leadership of general manager Xu faming, all employees of the company are confident to make more gratifying achievements and firmly believe that Shantai company will have a brighter future.