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Midas wins European and PRC contracts worth RMB 335.5million

Vincent Chia
Midas wins European and PRC contracts worth RMB 335.5million

Midas Holdings Limited announced that it has won European and China contracts worth RMB 335.5million. This includes the supply of aluminium alloy extrusion profiles and fabricated parts for 2 major European train projects. Delivery for these contract will be progressive from 2014 to 2021. Midas also secured 3 China train component parts contract from its JV Company, Nanjing SR Puzhen. The 3 contracts are worth RMB 78.7million for metro lines in Hangzhou, Nanjing and Hefei. Expected completion is between 2015 to 2017. Separately Nanjing SR Puzhen has also jointly secured a metro train contract worth RMB 897million. Expected delivery is between 2015 and 2016. Midas owns 32.5% in Nanjing SR Puzhen.

GET TO THE POINT : Good to see Midas winning orders from Europe in addition to China.

(Picture from Midas Holdings Limited)

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