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  • China Advanced Construction Materials Group (CADC) Signs LOI with China State Construction Engineering Corp. 0 comments
    Nov 18, 2010 2:46 PM | about stocks: CADC

    China Advanced Construction Materials Group, a leading provider of ready-mix concrete and related technical services in China, announced today that it has signed a letter of intent with China State Construction Engineering Corporation. Under the agreement, China ACM will be the preferred provider of its eco-friendly ready-mix concrete and associated engineering services, and both companies will cooperate strategically in international and national markets, sharing resources to increase competitiveness in the global construction market.

    China State Construction Engineering Corp. Ltd. is the most competitive building enterprise group in China, from housing construction to international building contracting, real estate development and investment, infrastructure construction, and associated activities. It is the largest building and real estate enterprise in China, and the top international contractor in China, expanding without mass capital or sources from the government.

    China Advanced Construction Materials provides advanced eco-friendly ready-mix concrete and services for large scale high-speed rail and other complex infrastructure projects, including China’s Olympic Stadium Bird’s Nest, Beijing International Airport, CCTV Headquarters, and many other high profile projects.

    China ACM Chairman and CEO, Mr. Xianfu Han, said of the agreement, “In Asia, market position and relationships are everything — from which all good new business, sales and opportunities flow. Following our first commercial bank debt financings recently, this agreement is yet another historic milestone for China ACM, as we continue to strengthen our leadership position in the China infrastructure and concrete marketplace. We appreciate the CSCEC’s trust and confidence, and are entirely confident this agreement will lead to increasing new business with and through CSCEC this year and beyond.”

    China ACM President and CFO, Jeremy Goodwin, added, “Signing a ‘Strategic Cooperation Letter of Intent’ with a major operating division of a company such as CSCEC, a globally ranked state owned enterprise, holds great importance in China and enhances our leadership position with all existing and potential clients throughout the industry. This agreement provides a specific framework for cooperation to improve the competitiveness of both companies in China and worldwide — across the board from high speed rail to real estate.”

    For additional information on China Advanced Construction Materials, visit china-acm.com

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net

    Disclosure: no positions

    Stocks: CADC
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