Sino International Logistic Company NVs has announced that it has signed a contract with Jinan Iron & Steel Corporation, China Shipping Company and Shandong Automobile Industry Group to provide logistics and steel conditioning services.

According to the contract, Sino International Logistic Company NVs would provide logistics services for the transport of steel products from Jinan Iron & Steel Corporation to China Shipping Company and Automobile Industry Group and also takes over additional steel conditioning services.

The contract became effective in July 2007 and lasts for five years with an option to extend. The Company is expecting estimated total annual revenue of approximately EUR 2.5 million from the deal, depending on the transport volume.