China Advanced Construction Materials Group Inc, a provider of ready-mix concrete and related services, said it has increased the number of portable, ready-mix concrete plants serving the build-out of the national rail network to nine from five.
The new plants are located between railway stations near Qinhuangdao, Yongfu, Hangzhou, Liuzhou and Guilin.
Chairman and CEO Xianfu Han said: "We continue to generate very strong cash flow, which has allowed us to rapidly expand our network of portable plants. Each of these plants is directly tied to contracts we have recently won and will be operating near capacity."
"The cost for each plant and associated equipment is approximately US$3 million. Each plant is capable of generating over US$2 million in revenue per year, with very attractive margins and high return on investment. We are very confident in our ability to win additional railway projects in the near future and expect to add more portable plants to support these contracts," he added.
China ACM, founded in 2002 and based in Beijing, is primarily focused on producing and supplying a range of ready-mix concrete materials for highly technical, large scale, and environmental construction projects.
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