Symax Lift (Holding) Co. Ltd Receives 24 Unit Elevator Purchase Order for Algerian Project
June 27 2011 - 9:20AM
Marketwired
Symax Lift Holding Co. Ltd. ("Symax" or the "Company") (TSX
VENTURE: SYL), a developer, manufacturer and servicer of elevators
and escalators globally with a manufacturing base in China, today
announced that it has received a purchase order for 24 elevators,
valued at CAD$452,000 (RMB2.99 millions), for government sponsored
housing development projects located in Algiers in the Democratic
People's Republic of Algeria. The delivery of this order will be
made in July, 2011.
This is the third order Symax has received for Algerian projects
since 2009. At the end of 2009, the Company received its first
purchase order for more than 10 elevators for Algerian government
funded housing development projects; in 2010, Symax supplied and
installed a machine-room-less elevator in the Algerian Presidential
Palace. With its initial order in 2009, Symax became the first
Algerian qualified elevator supplier from China, and currently is
one of the leading elevator suppliers in Algeria.
"We are honored to be the supplier choice of the Algerian
government sponsored housing development projects once again," said
Xiaoyan (Sabrina) Zhang, Symax's Chief Executive Officer. "This is
encouraging and marks the increasing acceptance of Symax's products
in the booming African markets. We are looking forward to
developing further relationships with more international
clients."
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; 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
customized elevator products.
Contacts: Symax Lift (Holding) Co. Ltd. Michael Zheng +1
416-238-5001 michael.zheng@eternefinance.com Symax Lift (Holding)
Co. Ltd. Meng Li +1 604-601-8224 meng.li@symax.ca