Thursday, October 28, 2010

Midas Holdings

Midas Holdings Limited has secured a €20.3m (Rmb187m) contract from existing customer Bombardier Transportation, their largest international contract to-date. The contract is to supply aluminum extrusion profiles, including fabricated parts, for 436 train cars to the SBB Double Deck Train Project in Switzerland…

Delivery is expected to take place progressively from 2011 to 2019 and improve Midas’s results during the period. There is an option for Bombardier Transportation to purchase similar parts, for another 724 train cars.

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