China Advanced Construction Materials
Beijing-based China ACM produces construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a range of ready-mix concrete materials for highly technical, large scale, and environmental construction projects.
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China Advanced Construction secures 11th high speed railway contract
China Advanced Construction Materials Group (NASDAQ: CADC) ("China ACM") announced it had won a contract to provide its ready-mix concrete service to a high-speed railway project between Xi'an and Ankang, the largest city in southern Shanxi Province.
China ACM will provide technical support for the production of 270,000 cubic meters of ready-mix concrete
China ACM said it expected to book revenues of US$3 million and $0.8 million of net income.
“Among the 10 government-certified green concrete producers in
China, only China ACM is gaining access to high-speed railway
projects,” China ACM stated, “The Company's proprietary technologies
and industrial byproduct recycling lowers cement consumption while
providing high-quality, ready-mix concrete exceeding the industry
standard for durability with greater salt-water resistance for
environmentally friendly infrastructure materials.”
China ACM
currently has contracts with 11 high-speed railway projects throughout
the country, including a one between Beijing to Shanghai.
Mr. Xianfu Han, Chairman and CEO of China ACM, commented, "We
believe the high-speed railway expansion, which enables the Chinese
government's plan to build out infrastructure in the interior of China,
represents a $15 billion addressable market for concrete mixing
services alone. 'Green' concrete products like ours will have
sustainable growth, especially for government-sponsored projects, due
to the government's initiative and support to grow a low-carbon
economy. Our track record in high-speed rail in many key locations and
the signature architectures we have completed in Beijing, provide
endorsements to help China ACM win more contracts in the Chinese
high-speed rail market."
The Company also reported preliminary unaudited revenues for the
second quarter of approximated $26 million - a 140% increase compared
with the same quarter last year.
Other China Advanced Construction Materials news
- China ACM shares slip on lower Q4 profits despite strong revenues
2011-09-23 - China Advanced Construction Materials Moves Up To NASDAQ
2009-10-28 - China Advanced Construction Materials wins contract for new French embassy
2009-10-23 - CADC adds four portable concrete plants to serve railway expansion
2009-07-29 - China ACM wins Guizhou-Guangzhou railway contract
2009-03-14
