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

  • Chinese and Japanese involvement in Indonesian toll roads
    April 17, 2012
    Firms from China and Japan will carry out toll road construction projects in Indonesia in partnership with local companies. The Chinese companies CSEC and CHEC will team up with Indonesian firm Hutama Karya for the Medan-Kualanamu-Tebing Tinggi toll road project. This 17km toll road project is due for completion in early 2014 and will cost in the order of US$152 million to complete. A loan worth $137 million is being provided for the project from Chinese sources while over $15 million will be provided by th
    Read More
  • RFID market will be worth over $70 billion over next five years
    April 17, 2012
    The market for RFID transponders, readers, software, and services will generate US$70.5 billion from 2012 to the end of 2017. The market was boosted by a growth of $900 million in 2011 and the market is expected to grow 20 per cent YOY per annum. Government, retail, and transportation and logistics have been identified as the most valuable sectors, accounting for 60 per cent of accumulated revenue over the next five years. “To date, the automotive sector has been a strong proponent of RFID, largely for immo
    Read More
  • Growth of outsourcing simplifies transportation operations
    June 11, 2012
    Xerox Chairman and CEO Ursula Burns will deliver the keynote address at the opening plenary of ITS America’s 2012 Annual Meeting in May. She talked to ITS International about the acquisition of ACS, its rebranding and the importance of the transportation sector to Xerox
    Read More
  • Singapore’s transportation investment includes road network development
    January 11, 2016
    The construction industry in Singapore is expected to expand over the forecast period (2015–2019), supported by government investments in transport infrastructure, finds a report by Timetric’s Construction Intelligence Center (CIC). While addressing the housing needs for the middle class population and focusing on developing renewable energy sources, the government also aims to improve transport and tourism infrastructure through projects such as the MRT Masterplan–Cross Island Line, the MRT Masterplan–
    Read More

Highlighted Content