Midas wins deals worth 318m yuan
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MIDAS Holdings has clinched contracts for high-speed train car body components worth 318 million yuan (S$64.4 million) from CNR Tangshan Railway Vehicle Company.
The deals were sealed by Midas subsidiary Jilin Midas Aluminium Industries Company. CNR Tangshan, located in China's Hebei province, is the country's first railway equipment manufacturing company.
The contracts will see Jilin Midas supply aluminium alloy extrusion profiles and certain fabricated parts for high-speed trains that will operate at speeds of up to 350km/h.
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