DGAP-News: China Specialty Glass wins bidding for equipment of police patrol cars with intruder resistance glass
(firmenpresse) - DGAP-News: China Specialty Glass AG / Key word(s): Contract
China Specialty Glass wins bidding for equipment of police patrol cars
with intruder resistance glass
27.11.2013 / 09:46
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China Specialty Glass wins bidding for equipment of police patrol cars with
intruder resistance glass
Munich, 27 November 2013 - China Specialty Glass AG ('CSG'), holding
company of one of the largest producers of security glass in China, won an
important order tendered by the Chinese Ministry of Public Security. During
the bidding process CSG was able to assert itself against four competitors.
The one-year contract designates CSG as exclusive supplier of intruder
resistance glass for specially equipped police patrol cars. The total order
volume of the contract is not fixed yet but may reach over 10 million
Euros.
The Ministry of Public Security plans to equip 200,000 police patrol cars
with special features during the next five to eight years. At current
prices, this represents intruder resistance glass with a volume of up to
200 million Euros. The contract will be tendered annually. The production
of the cars has started in 2013 and will continue in 2014, which means a
positive impact for CSG's group revenues in 2013 and 2014.
'We're happy, that we could win such an important contract for our company.
As the Ministry of Public Security plans to renew the contract annually, we
have a good chance to be engaged as a long-term supplier for intruder
resistance glass for the government. And thanks to our new production
facilities in Sichuan, we can provide the necessary capacities for the
additional production volume without any difficulty', says Nang Heung Sze,
CEO of China Specialty Glass.
About CSG
China Specialty Glass AG is the German holding company of the China
Specialty Glass Group. The Group develops, produces and sells specialty
glass. The Group's main products, which are all sold under the brand name
'Hing Wah', are, on the one hand, for safety glasses such as bullet-proof,
bomb-proof and burglar-resistant glasses and, on the other hand, for
constructional glasses including laminated, tempered and fire-resistant
glasses, hollow glass blocks and electrically-controlled colour-changing
glass. The Group is one of the leading companies in China in the fields of
safety glass for financial institutions and the automobile industry, both
in terms of production output and market share.
The shares of China Specialty Glass AG are listed in the Prime Standard of
the Frankfurt Stock Exchange (ISIN DE000A1EL8Y8 / SIN A1EL8Y / Ticker 8GS).
For more information, please visit the Group's website www.csg-ag.com or
please contact:
Kirchhoff Consult AG
Anja Ben Lekhal
T: +49 40 60 91 86 55
F: +49 40 60 91 86 60
Email: anja.benlekhal(at)kirchhoff.de
End of Corporate News
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27.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: EnglishCompany: China Specialty Glass AG
Maximiliansplatz 15
80333 München
Germany
Phone: +49 (0)40 60 91 86-0
Fax: +49 (0)40 60 91 86-60
E-mail: ir(at)csg-ag.com
Internet: http://www.csg-ag.de
ISIN: DE000A1EL8Y8
WKN: A1EL8Y
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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