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Midas wins US rail project contract

Vincent Chia

Midas Holdings Limited announced that it has won a US rail project contract. The contract value is worth about US$ 58.3million. The contract is to supply aluminium alloy extrusion profiles and fabricated parts for a rail project in the United States. The delivery will be progressive between 2015 and 2020. This is Midas’ largest single export contract to date. It is also its first contract in the US. Midas has previously exported to Belgium, Singapore, Russia, Iran, Saudi Arabia, South Korea, Malaysia Turkey, Brazil, Switzerland and Norway. Going forward, Midas is keen to grow orders both locally in China and globally.

GET TO THE POINT : Always good to get that first maiden contract win under the belt.

(Picture from Midas Holdings Limited)

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