Secures Over US$14 Million Export Contracts
Signifies Industry Recognition and Leadership in Product Quality
HONG KONG, Nov. 17, 2010 /PRNewswire-Asia/ — International Mining Machinery Holdings Limited (“IMM” or “the Company”; HKEX: 1683), a leading designer and manufacturer of underground longwall coal mining equipment in China, made its first step into the international market and delivered its first roadheader to Russia on 8 November 2010. Year-to-date, total international orders (from Russia, Australia and India) have exceeded US$14 million or HK$110 million.
Mr. Thomas H. Quinn, Chairman of IMM, said, “These international orders mark another significant milestone for IMM. The recognition of our market leadership has extended to international markets. Our legacy in product development, as well as our dedication to reliable and high quality products, will allow us to participate in more and more international markets, while we continue our strong performance in our Chinese domestic market.”
Mr. Allen Chan, CEO of IMM, said, “Although the international market for longwall underground mining equipment may not be as dynamic as China, these international experiences will enable IMM to strengthen our service capabilities and adopt international applications on our product designs, this will further enhance our leadership position in China. We are in an excellent position to capture the opportunities from the ongoing drive for mechanization and consolidation in China.”
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