Midas snaps up five supply contracts

Total value of all deals sits at $48m.

Midas Holdings Ltd. has successfuly secured five international and PRC supply contracts totalling $48m (RMB232.1m).

The contracts were awarded to its subsidiary, Jilin Midas Aluminium Industries Co., Ltd.

The two supply contracts from the PRC were awarded by CRRC Changchun Railway Vehicles Co., Ltd for Wuhan Metro Line 7, and Chongqing Rail Transit Loop Line, These are worth RMB41.6m and RMB38.2m, respectively.

Meanwhile, the three international contracts include a €2.0m(MB14.6m) proect in the Middle East and two projects in Europe, which areworth €9.8m ( RMB71.7m) and RMB66.mn respectively.

Executive Director and Chief Executive Officer of Midas, said this is an affirmation of the group's efforts to tap oppurtunties in the global rail industry.

"And also reflect our continuing ability to
secure the confidence of international customers. We look forward to the successful delivery of these orders and will continue to actively pursue opportunities in China and globally.”

Also Read

GIC to acquire 25% stake in Reworld™ from EQT Infrastructure

PUB issues $325m green notes at 2.502% fixed rate

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Agribusiness

Secondhand furniture gains traction as Singaporeans embrace circular economy practices