International Business: China-based Wowjoint Inks Italian Contracts
September 14, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.)– Wowjoint Holdings Ltd. (NASDAQ: BWOW), a provider of heavy duty lifting and carrying machinery said that it has signed two sales contracts with Italian-based Eden Technology totaling around $3.5 million (2.76 million Euros).
According to Wowjoint, the sales deal involves the supply of two 1000 metric ton lifting capacity special launching girders to Eden Technology for the construction of the viaduct in a high-speed railway construction project in South Korea.
The girders will be custom made and are scheduled to be delivered within the next 120-180 days, the company said.
China-based Wowjoint’s machinery used in large scale infrastructure projects such as railway, highway and bridge construction.
Wowjoint's main product lines include launching gantries, tire trolleys, special carriers and marine hoists.
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