Jilin Midas Aluminium Industries Co, Midas Holdings’ subsidiary, has been granted two supply contracts worth 53.8 million yuan (7.2 million euros) from customers in China.
The first contract, from CRRC Tangshan Co, is worth 34.6 million yuan (4.6 million euros) and involves the supply of aluminium alloy extrusion profiles and fabricated parts for the CRH380B high-speed trains. This contract is slated for delivery in 2016.
The second contract, awarded by CRRC Changchun Railway Vehicles Co, is worth 19.2 million yuan (2.6 million euros) and involves the supply of aluminium alloy extrusion profiles to the Haerbin Metro Line 1. This contract is slated for delivery between 2016 and 2017.
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