A UK firm has struck a major deal with China Highway Engineering Consulting Group Company (CHECSC) for road maintenance materials.
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.
