TTCM China wins bid for $5 million contract on water diversion project
TIANJIN, China, June 19, 2007 -- TTCM China Inc., a leading producer and supplier of glass-reinforced fiber plastic pipes, today announced the winning of the bid to supply the company's products to one of the BeiHai Water Diversion Projects in GuangXi Province for the value in excess of $5,100,000. The formal contract is expected to be signed in the near future.
Jiqun Wang, Founder and Chairman of TTCM China, said, "This is a part of the company's strategic campaign to penetrate the market place in the southern and southeastern regions. It is expected there will be follow-up orders from the same project in the coastal city of BeiHai in GuangXi Province. Again, the demand for our pipes for water diversion, delivery, sewage disposal and treatment plants remains very strong. We expect the growing demand for clean water delivery and flood control systems in China to continue to drive demand for our products."
TTCM China, founded in 1995 and based in Tianjin China, is a leading producer of glass-reinforced composite plastic products including regular and high-pressure pipes, fittings related to the water supply and sewerage systems. In cooperation with the Harbin Industry University, TTCM developed an advanced technology employing micro-emulsification, which enables a reduction of the amount of resin used in the production process and at the same time raises the product compactness, strength and infiltration quality. These procedures make TTCM's glass-reinforced plastic pipes superior in strength to plastic pipes while they only weigh one-fourth the weight of regular steel pipes.
The company is in negotiations with a several provincial and municipal government agencies and private companies concerning the requirements of pipes for water supply systems, sewerage systems and flood control systems.
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