Midas wins Singapore and China contracts worth $14.67 million

SINGAPORE - China Railway firm Midas Holdings said its unit, Jilin Midas Aluminium Industries, has won three contracts worth 66.7 million yuan (S$14.67 million) from Chinese customers.

The first contract is worth 31.1 million yuan, supplying aluminium alloy extrusion profiles and fabricated parts for high-speed trains.

The second contract, worth 10.5 million yuan, will see the unit supply aluminium alloy extrusion profiles to the Downtown Line here, the firm said in a release on Monday.

Both contracts are awarded by Changchun Railway Vehicles, slated for delivery later this year.

The third contract worth 25.1 million yuan comes from the group's associated company Nanjing SR Puzhen Rail Transport for the Nanjing Metro Ninghe Intercity Line.

Jilin Midas will supply aluminium alloy extrusion profiles and fabricated parts for metro trains, with delivery between this year and next year.

rachaelb@sph.com.sg