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Midas wins RMB44.3 million Metro contract from CNR Changchun
Edited by : AL CIRCLE
1 min read
Midas Holdings Limited has announced that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd has won a RMB44.3 million contract from CNR Changchun Railway Vehicles Co., Ltd for Changchun Metro Lines 1 and 2.
Under the terms of the contract, Jilin Midas will supply aluminium alloy extrusion profiles for 44 train sets (1 train set = 6 train cars), or 264 train cars, with delivery expected to take place from 2013 to 2015.
This contract is expected to have a positive impact on the Group's financial performance for the 2013 to 2015 financial years.
Commenting on the latest contract win, Mr. Patrick Chew, CEO of Midas, said, "We are delighted to have another opportunity to work with CNR Changchun, a valued repeat customer, which once again augments our market leadership position; and an endorsement of the quality of our products and services."
"The ongoing upgrades of existing metro systems and development of new train lines in the PRC has kept the order momentum healthy, which bodes well for industry players. Moving forward, we will continue to seek new opportunities to strengthen the Group's market position."
Under the terms of the contract, Jilin Midas will supply aluminium alloy extrusion profiles for 44 train sets (1 train set = 6 train cars), or 264 train cars, with delivery expected to take place from 2013 to 2015.
This contract is expected to have a positive impact on the Group's financial performance for the 2013 to 2015 financial years.
Commenting on the latest contract win, Mr. Patrick Chew, CEO of Midas, said, "We are delighted to have another opportunity to work with CNR Changchun, a valued repeat customer, which once again augments our market leadership position; and an endorsement of the quality of our products and services."
"The ongoing upgrades of existing metro systems and development of new train lines in the PRC has kept the order momentum healthy, which bodes well for industry players. Moving forward, we will continue to seek new opportunities to strengthen the Group's market position."
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