Jan 13 2010
China Infrastructure Construction Corporation (OTC Bulletin Board: CHNC), one of the major U.S.- listed providers of ready-mix concrete in Beijing, today announced that it reached a three year agreement with the Institute of Building Materials, a subsidiary of the China Academy of Building Research ("CABR").
Under the Agreement, CHNC will work exclusively with the Institute of Building Materials to obtain technical research, development and support. The Institute of Building Materials will also provide training courses to CHNC employees. CHNC will feature the Institute of Building Materials as CHNC's technological partner in its corporate material. The Institute of Building Materials will use its relationships and brand influence in the construction industry to assist CHNC in business development.
Mr. Yang Rong, Chairman and Chief Executive Officer of CHNC said, "Technology plays a crucial role in the Company's development. Our cooperation with the Institute of Building Materials will enhance and advance CHNC's technology strengths to next level and prepare us well for continued rapid expansion and growth of our business. Being a partner with the Institute of Building Materials will enhance our Company's strong brand image."
Source: http://www.cabr-bmjg.com/cp1e.asp