Jun 3 2010
China Advanced Construction Materials Group, Inc. (NASDAQ: CADC) ("China ACM" or the "Company"), a leading provider of ready-mix concrete and related technical services in China, today announced that China Rail has awarded the Company a new contract valued at $1.3 million to provide its premium ready-mix concrete (RMC) manufacturing services for a section of the Tianjin to Qinhuangdao high-speed railway in Hebei Province.
The project, which is contracted by the Company's Manufacturing Services business segment, will require 150,000 cubic meters of its high-performance premium RMC and is expected to be fulfilled through the end of 2010 or early 2011.
"The specifications of China high-speed rail construction demand exceptionally high performance concrete," said Mr. Xianfu Han, Chairman and Chief Executive Officer of China ACM. "These specifications, combined with the mandate that all China Government and Government-sponsored projects use concrete certified as eco friendly, require the most sophisticated chemical blending science, equipment and expertise. With our patented and proprietary RMC engineering technology, China ACM's premium RMC blends and services are unrivalled in the industry.
"We appreciate China Rail's confidence in our leading edge products and services, and believe this contract will further raise China ACM's industry profile enabling the Company to capture additional market share of this fast growing industry sector," he added.
Source: http://www.china-acm.com/