Chinese deal for UK firm

A UK firm has struck a major deal with China Highway Engineering Consulting Group Company (CHECSC) for road maintenance materials.
February 13, 2012 Read time: 1 min
A UK firm has struck a major deal with China Highway Engineering Consulting Group Company (CHECSC) for road maintenance materials. The Milton Keynes-based firm, 2588 ASI Solutions, has signed a £100 million Memorandum of Understanding with CHESC subsidiary HUALI for the specialist road preservative product Rhinophalt. This product is used to protect against road surface deterioration caused by weather and high traffic volumes. The agreement will see HUALI being supported by ASI personnel during 2011 on a range of projects including major highways and an airport. This interim step allows the introduction of Rhinophalt into China until a full distribution contract is agreed. With a total expressway surface area exceeding one billion m2, and a five-year growth plan which will add a further 125-150 million m2/year, this is a major contract for ASI. CHECSC is a major civil engineering operation involved with the build and repair of China's rapidly growing Expressway infrastructure. It is owned by China Communications Construction Company, a state owned and privately run group which is ranked 13th largest contractor in the world. In addition to this new Chinese agreement, ASI Solutions has an international presence with clients in India, Germany, Spain, Australia, Iceland and the Middle East.

For more information on companies in this article

Related Content

  • Crossrail project receives US$814 million EIB funding
    December 16, 2013
    The European Investment Bank (EIB), Europe’s long-term lending institution, has provided further funds to support the latest step in Crossrail’s development with a loan of up to US$814 million to Transport for London (TfL). The facility will be used for financing a fleet of new high-capacity air-conditioned trains as well as a new maintenance depot. Finance contracts were signed in London this week by Steve Allen, TfL’s Managing Director Finance and Jonathan Taylor, European Investment Bank Vice President.
    Read More
  • Freight poses growing problem for city authorities
    March 3, 2017
    Wes Guckert considers possible solutions and countermeasures to the problems of increased freight deliveries in growing cities. In January 2016, the US Department of Transportation (USDoT) conducted a session on the SmartCity Challenge and Urban Freight and Logistics. This session was a follow-up to the USDoT report titled, Beyond Traffic 2045.
    Read More
  • Traffic signals turn red to stop speeding drivers
    March 15, 2012
    David Crawford is encouraged by the spread of 'soft' speed policing 
    Read More
  • Moneybarn: 1,800% increase in UK electric car registrations over five year period
    November 2, 2017
    Nearly 10,000 electric cars are now registered in the UK with Japanese and German manufacturers dominating most popular brands in the UK, according to a five-year analysis on the development of the Electric vehicle industry by Moneybarn. These findings have been revealed following the government’s plan to ban the sale of all petrol and diesel vehicles from 2040.
    Read More

Highlighted Content