CITIC heavy industry signed 1 billion Mongolian contract

CITIC Heavy Industry (market, interrogation) September 21 and Mongolia Ubh Company (Undurbuyant HOLDING Co.,ltd) in Henan province Luoyang signed a cement production line and ancillary engineering general contract, the total amount of 161 million U.S. dollars, about 994 million yuan. The contract amount accounted for 13.73% of Citic Heavy Industry's 2012 annual operating income.　　Financial profit treasure, current savings rate increase 1000% Notice shows that the scope of the contract for cement production lines and ancillary works, Citic Heavy industry will be in accordance with the terms and conditions stipulated in the contract for the Nissan 3200 tons of cement production line design, manufacture, supply, installation, construction, technical service training, effective duration of not less than 18 months. Mongolian UBH Company was founded in 1997, since 2003 began to enter the construction field, in Russia, China, North Korea, Turkey, Kazakhstan has a number of partners, it has a good reputation and good performance capability.