China Advanced Construction Materials Group, Inc. (NASDAQ: CADC) has entered a definitive contract to provide its ready mix concrete service to the railway project between Xi'an and Ankand, the largest city in the southern Shanxi Province.
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China ACM will provide technical counseling to produce 270,000 cubic meters of ready mix concrete. Equipment for the mixers has arrived on site and the production is expected to start in February 2010. The company anticipates revenues from this contract to be approximately $3 million with an approximate $800,000 in net income.
China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments.
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