China Advanced Construction Materials Group Awarded New High-Speed Railway Contract
03 March 2010 - 12:11AM
PR Newswire (US)
BEIJING,, March 2 /PRNewswire-FirstCall/ -- China Advanced
Construction Materials Group, Inc. , ("China ACM", or the
"Company") a leading provider of ready-mix concrete in China, today
announced that it has been awarded a new contract totaling $1.55
million for its ready-mix concrete services for one section of the
PanJin to YingKou high-speed railway in Liaoning Province. The
project will require 200,000 cubic meters of concrete and should be
completed in less than two years. Mr. Xianfu Han, Chairman and
Chief Executive Officer, stated, "We are pleased with the steady
flow of railway projects that we have been awarded since we began
focusing on the railway infrastructure construction area. Our
investments in portable plants and implementation of our ready-mix
concrete services have proven to be a successful strategy. Our
railway operations are structured so that as earlier projects wind
down, we are in a position to win additional contracts along the
same high-speed rail lines. This tactic allows us to achieve the
desired utilization levels and high margins. We remain committed to
playing a significant role in the Chinese government's mandate to
add 41,000 kilometers of railway track by the year 2020 and we
believe that the strong demand for our services will help drive
shareholder value in the future." About China ACM China ACM,
founded in 2002 and based in Beijing, China, is a leading producer
of advanced construction materials for large scale commercial,
residential, and infrastructure developments. The company is
primarily focused on producing and supplying a wide range of
advanced ready-mix concrete materials for highly technical, large
scale, and environmental construction projects. The company also
aims to develop and produce new and innovative environmentally
conscious construction materials. China ACM provides materials and
services through its six ready-mix concrete plant network covering
Beijing metropolitan area. China ACM owns one plant, leases three
plants and has technical services and preferred procurement
agreements with two other independently-owned plants. China ACM is
ISO 9001 (product quality), ISO 14001 (environmental safety), and
ISO 18001 (employment environment safety) certified. Additional
information about the company is available at
http://www.china-acm.com/. This press release contains
"forward-looking statements" within the meaning of the
"safe-harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Such statements involve known and unknown
risks, uncertainties and other factors that could cause the actual
results of the Company to differ materially from the results
expressed or implied by such statements, including changes from
anticipated levels of sales, future national or regional economic
and competitive and regulatory conditions, changes in relationships
with customers, access to capital, difficulties in developing and
marketing new products, marketing existing products, customer
acceptance of existing and new products, and other factors.
Additional Information regarding risks can be found in the
Company's Annual Report on Form 10K and in the Company's recent
report on Form 8K filed with the SEC. Accordingly, although the
Company believes that the expectations reflected in such
forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. The
Company has no obligation to update the forward-looking information
contained in this press release. Contact: Kevin Theiss Grayling
646-284-9409 kevin.theiss@grayling.com DATASOURCE: China Advanced
Construction Materials Group, Inc. CONTACT: Kevin Theiss of
Grayling, for China ACM, +1-646-284-9409,kevin.theiss@grayling.com
Web Site: http://www.china-acm.com/
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