China Industrial Waste Management wins contract to treat and dispose 30,000 tons of waste per annum
Environmental services and solutions provider, China Industrial Waste Management's (OTCBB: CIWT) 90% owned subsidiary has signed a ‘major' waste management contract with one of the top five shipbuilding companies in Dalian.
The contract will see China Industrial Waste Management dispose and treat approximately 30,000 tons of waste per annum, which is anticipated to generate $2 million in revenues annually.
"We are pleased to announce that Dalian Dongtai has become a much more prominent brand in the waste management industry in China," said Mr. Jinqing Dong, Chief Executive Officer. "There are several large scale shipbuilders in the area and Dalian is becoming a world shipbuilding capital. Our firm is uniquely prepared to meet the waste collection, transportation and processing needs of the builders, repair firms and the other supporting players. We have the technology and the capacity to move aggressively into this important space."
China Industrial Waste Management collects treats and disposes or recycles industrial waste.
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