Symax Lift (Holding) Co. Ltd. Signed CAD$1.78 Million Contract
January 17 2011 - 8:20AM
Marketwired
Symax Lift (Holding) Co. Ltd. ("Symax") (TSX VENTURE: SYL), an
assembler and manufacturer of elevators and escalators, has entered
into a contract with DALIAN DING SHENG SHI YE LTD ("DING SHENG") to
manufacture 110 elevators, valued at CAD$1.78 million (RMB11.9
million) for a residential development project in the city of
Dalian, Liaoning Province, China.
Delivery will commence in June, 2011 and be completed by
September, 2011.
Symax will also provide repair and maintenance services for a
two-year period following the completion of the installation.
"Symax manufactured 24 elevator units for DING SHENG in June,
2010, we are honored to be the supplier choice of DING SHENG once
again." said Xiaoyan (Sabrina) Zhang, Symax's Chief Executive
Officer. "DING SHENG orders with Symax total CAD$2.18 million (RMB
14.34 million) since June, 2010 and we are looking forward to
developing a longer term working relationship with them in the
months to come."
About Symax Lift (Holding) Co. Ltd.
Symax is in the business of the development, manufacturing, and
sale of elevators, as well as the provision of after-sales services
in China and worldwide. Symax's products and services are
classified into two separate offerings: first, a main line of
standardized products which include passenger elevators,
goods/freight elevators, villa elevators, panorama elevators,
hospital elevators, residential and commercial escalators and
moving walkways; and, secondly, customized elevator products.
Neither the Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Contacts: Symax Lift (Holding) Co. Ltd. Ming (Barry) Sheng (604)
601-8224 barry.sheng@symax.ca
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