Symax Lift Holding Co. Ltd. Awarded CAD$1.9 Million Contract
10 August 2010 - 11:20PM
Marketwired
Symax Lift Holding Co. Ltd. ("Symax" or the "Company") (TSX
VENTURE: SYL), an assembler and manufacturer of elevators and
escalators, has entered into a contract with Wuxi Hua Fang Property
Development Co Ltd. to manufacture and install 66 elevators, valued
at CAD$1.9 million (RMB 12.67 million) for a government funded
residential development project.
Delivery and installation will commence in November, 2010 and be
completed by March, 2011.
Symax will also provide repair and maintenance services for a
three-year period following the completion of the installation.
"We are very honored to have been selected as the supplier of
choice by the Wuxi Hua Fang Property Development Co Ltd. and look
forward to a great working relationship with them in the months to
come," said Xiaoyan (Sabrina) Zhang, Symax's Chief Executive
Officer. "This brings government funded projects awarded to Symax
to a total of CAD$7.0M since June and illustrates the Company's
ability to deliver high quality elevators at a competitive
price."
About Symax Lift (Holding) Co. Ltd.
Symax is in the business of the development, manufacturing, and
sale of elevators, as well as the provision of after-sales services
in China and worldwide. Symax's products and services are
classified into two separate offerings: first, a main line of
standardized products which include passenger elevators,
goods/freight elevators, villa elevators, panorama elevators,
hospital elevators, residential and commercial escalators and
moving walkways; and, secondly, customized elevator products.
Contacts: Symax Lift (Holding) Co. Ltd. Ian Fodie
+1-604-601-8224 ian@ifonlyltd.com Symax Lift (Holding) Co. Ltd.
Ming (Barry) Sheng +1-604-601-8224 barry.sheng@symax.ca
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