It is reported that Chengdu Hoist filed that controlling subsidiary Sichuan Hoist Steel Structure Limited won a CNY 170 million construction contract to build the steel structures for Changan Ford Mazda factory in northern Chongqing, reports yicai.com, citing a company filing.

The subsidiary will handle construction of a major production line, catering facilities, a recyclable scrap warehouse, waste water plants and the factory main doors. The project is scheduled to wrap up by the end of May 2012 and expected gross profits are just under CNY 20 million.

(Sourced from www.capitalvue.com)