Company Briefs: Sapphire Corporation

Sapphire Corporation

Mainboard-listed rail infrastructure and mining company Sapphire Corporation has new infrastructure contracts in China worth about 873 million yuan (S$176 million), said the firm yesterday. The order book has risen about 37.5 per cent to about 2.75 billion yuan, from a previously announced 2 billion yuan.

Ranken Infrastructure, its engineering, procurement and construction unit, will handle the 300 million yuan Jian Cao Ping flyover, which will connect to Taiyuan city's first metro line.

Ranken also won a 313 million yuan project to construct part of the Urumqi Rail Transit Line 2.

The other new projects are in Jinan City, Chongqing and Chengdu.

The new contracts are slated to be completed over the next 24 to30 months.

China Everbright Water

Mainboard-listed China Everbright Water, which provides integrated environmental water services, has announced a new project.

It has won a project to treat municipal waste water from the Shudong new urban area, east of Shu River in Ju County. A facility will be constructed on a build-operate-transfer basis and has a designed daily waste-water treatment capacity of 20,000 cubic metres, with a concession period of 30 years.

The project's total investment is about 50 million yuan, and the water discharge will comply with the national Grade 1A standard.

The project is expected to be completed to begin operations next year.

Two waste-water treatment plants the firm worked on have been transferred to its project company, and started operating commercially in May. The total designed daily waste-water treatment capacity of the plants is 90,000 cubic metres. The total investment is about 160 million yuan with a concession period of 30 years.

Changtian Plastic & Chemical

Plastics maker Changtian Plastic & Chemical said poor weather in the past two months has affected construction works for a project known as the Nylon-6 Chip Development.

It expects works to be delayed to October, and the trial production and sales of Nylon-6 chips are expected to start only in the fourth quarter of the year.

If anything changes, the firm said it will make an announcement, and also told shareholders and investors to exercise caution when dealing in the firm's securities.

A version of this article appeared in the print edition of The Straits Times on July 15, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe