China Infrastructure Constructions Enters Shanxi Highway Construction Market
BEIJING, Dec. 12, 2011 /PRNewswire-Asia-FirstCall/ -- China Infrastructure Construction Corporation ("CHNC" or the "Company") announces today that it has started supplying concrete for a highway in Shanxi Province between Yangquan and Wutaishan, commonly known as the 'Yang-Wu Highway.' For this purpose, the Company has purchased and placed on-site a new 2-cubic-meter mobile batch plant. Additionally, the company has now completed a project in the Tangshan Development Zone and relocated the mobile batch plant previously located there to Shanxi. Therefore, two CHNC batch plants are now in operation in Shanxi.
"Shanxi is the biggest energy province in China. It is famous for its coal mines and coal production, and the local government is investing heavily in infrastructure construction such as highway and railways," commented Mr. Yang, Chairman and CEO. "We are very excited to enter into the Shanxi Province market," Mr. Yang continued, "and our work on the Yang-Wu highway, which includes highway sections and bridges, will give us an opportunity to promote our company's image and hopefully to obtain more contracts in the future in Shanxi Province."
About China Infrastructure Construction Corporation
CHNC was founded in 2002 in Beijing, China. Since then it has developed into one of the top ready-mix concrete producers in Beijing. The Company's products are environmentally friendly, as CHNC is a provider of "green" concrete in China.
Currently, the Company operates four production facilities and eight production lines with a total operating capacity of 3.5 million cubic meters based on its historical utilization rate. CHNC's production facilities are located in Beijing Daxing District, the Shidu area, within the Beijing Fangshan district, Shanxi Province and Xi'an, Shaanxi Province.
CHNC is a leader in China's "green concrete" movement, referring to the increased use of environmentally friendly and recycled materials in ready-mix concrete by reducing energy and raw material consumption during production, and by mixing and recycling various industrial wastes to create a more sustainable product.
All of CHNC's products have passed the ISO 9001:2005 Certification Quality System and Integrated Certification System, including the Quality Management System Certification, Environmental Management System Certification and Occupational Health and Safety Management System Certification issued by the Beijing Zhong Jian Xie Certification Centre.
CHNC's major projects include the Beijing World Trade Central Business District project and the Beijing Wangjing International Mansion.
Forward-looking Statements
Certain statements made in this news release, may contain forward-looking statements concerning the Company's business and products. These statements include, without limitation, statements regarding our ability to prepare the Company for growth, the Company's planned capacity expansion and predictions and guidance relating to the Company's future financial performance. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs, but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These factors may include, but are not limited to, such factors as unanticipated changes in product demand especially in the infrastructure construction industry, pricing and demand trends for the Company's products, changes to government regulations, risk associated with operation of the Company's new facilities, risk associated with large-scale implementation of the Company's business plan, the ability to attract new customers, ability to increase its products' applications, cost of raw materials, downturns in the Chinese economy, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. Investors are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
Contacts: |
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China Infrastructure Construction Corporation: |
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John Bai |
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Chief Financial Officer |
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China mobile: +86-186-0128-8923 |
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Email: [email protected] |
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SOURCE China Infrastructure Construction Corporation
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