Jilin Midas Aluminium Industries clinches 13 contracts worth RMB521m

Midas Holdings subsidiary Jilin Midas Aluminium Industries has secured 13 PRC and international supply contracts. The new contracts are for the projects in Canada, the United States, Saudi Arabia, Italy, Holland, Germany and China. The combined value of these contracts is around RMB520.9 million.

The 13 contracts are slated for delivery progressively between 2017 and 2019. They are likely to contribute positively to the Group's financial performance between the financial years of 2017 and 2019.

Mr. Patrick Chew, executive director and chief executive officer of Midas, said, "We are delighted with our latest contract wins for both PRC and international projects. Besides contracts from entities related to our major customer CRRC Corporation Limited, Jilin Midas also secured several international supply contracts from key global train manufacturers.”

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“This is testament to Midas' strong reputation and track record both in the PRC and internationally. We continue to strengthen our position as a leading player in the PRC railway industry, while continuing to explore opportunities in the international railway industry."

Midas Holdings Limited is the leading manufacturer of aluminium alloy extruded products for the passenger rail transportation sector in the People's Republic of China (the PRC).