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

  • M6 should be priority for Government investment, drivers tell FTA
    December 20, 2016
    The Freight Transport Association (FTA) has been looking at stretches of the UK’s strategic road network that would most benefit from Government investment following the Chancellor’s commitment in his Autumn Statement to fund improvements to congestion hot spots. Philip Hammond said the Government would spend IS$1.6 billion (£1.3 billion) on improving England’s roads, including US$222 million (£220 million) on tackling congestion at pinch points and US$33 million (£27 million) on an expressway connecting Ox
    Read More
  • Smartmicro acquires Smart Video and Sensing
    June 8, 2023
    Distributor is now called Smartmicro UK as part of strategy to create international network
    Read More
  • Ukraine’s ITS in a time of war
    May 12, 2023
    Following invasion by Russia, work on ITS projects has stopped in Ukraine – but the state road agency and private contractors have pivoted to providing essential services instead
    Read More
  • Global ITS market expected to reach US$38.7 billion by 2020
    March 24, 2014
    The global market for intelligent transportation systems is expected to reach US$38.7 billion by 2020, according to a new study by Grand View Research. Growing demand for optimising fuel consumption and reducing emissions is expected to be the key driving force for the market. ITS aids in reducing incidents such as road accidents and boost safety, which is estimated to positively impact demand over the next six years. Increasing need for enhancing existing transportation networks coupled with demand for
    Read More

Highlighted Content