NPRT to supply 56 train cars to Shenzhen Metro Line 4

NPRT to supply 56 train cars to Shenzhen Metro Line 4 : Midas Holdings Limited announced that its joint venture company, Nanjing SR Puzhen Rail Transport Co., Ltd. (“NPRT”) has secured a RMB420 million contract.

The latest contract is awarded by MTR Corporation (Shenzhen) Ltd for the supply of 56 train cars for the Shenzhen Metro Line 4, with delivery slated from 2013 to 2014.

This contract is expected to contribute positively to the Group’s financial performance for the 2013 and 2014 financial years.

Commenting on NPRT’s latest contract win, Mr Patrick Chew, CEO of Midas, said, “The order momentum for NPRT is very encouraging, having secured three projects valued at over RMB1.4 billion in the year-to-date. The latest contract won for the Shenzhen Metro Line 4 is yet another testament of customers’ continued confidence in NPRT and we remain positive of its growth and contributions to Midas going forward.”

Midas has a 32.5% equity stake in NPRT, a Sino-foreign joint venture, engaged in the development, manufacture and sale of metro trains, bogies and their related parts.

 

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Source : einnews

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