TTCM China Reports Additional Order Worth $12.8 Million in Work-in-Progress

TTCM China, Inc., a leading producer and supplier of glass-reinforced plastic pipes, today announced that they have signed a contract worth $12.8 million from Cuong-Dong Jhe-Nan of FuJian-JheJiang Provinces and the project is partially completed and the balance is in Work-in-Progress.

The contract is a part of the company’s southern strategy to penetrate the marketplace in the fastest growing southern regions including Fujian, Guang-Dong and ZheJiang Provinces.

Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, “This is the strategy of the Company to move forward in expanding with its business in the southern and southeastern regions where the economic growth is even faster than the rest of the country. The contract is another indication of growing demand for our high-tech pipes in China, particularly to provide water to rapidly growing areas as well as the flood control systems. Because our pipes are more lightweight and cost efficient, they are suitable for large-scale projects such as this one in FuJian-JheJiang Provinces in the southern region of China where many heavy industries are concentrated.

600450 TTCM China Reports Additional Order Worth $12.8 Million in Work-in-Progress glassonweb.com
Date: 16 January 2007
Source: Businesswire.com

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