On March 30, CAMCE Engineering and the Advanced Tyre Factory signed a project business contract with a contractual value of US$17,792,100.
It is understood that the project is located in the Industrial Park of the Royal Commission of Saudi Yanbu. The project is to build a modern factory with an annual output of 1.8 million meridian passenger and light truck tires. The contract period is 33.5 months.
According to CAMCE, the contract amount of the Saudi Advanced Tire Plant project was US$17,792,100, which was approximately RMB 115,565,700, which was 14.24% of the company's total operating income in 2015, which was RMB 81,194,500.
Zhonggong International is affiliated to China National Machinery Industry Group Co., Ltd., which was established in May 2001 and listed on the Shenzhen Stock Exchange in June 2006. It is the first company to be approved to issue new shares (IPO) after the implementation of the full-trading share reform in China's stock market. s company.
The core business of CAMCE is international engineering contracting, investment and trade at home and abroad, and has rich experience in international engineering general contracting management.
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