ZK International Group Co., Ltd., Wins $8M Bid With Chongqing Gas Group To Supply The Municipal Gas Infrastructure Project, Thus Strengthening Its Competitive Edge In The Western China Gas Market
ZK International Group Co., Ltd., Wins $8M Bid With Chongqing Gas Group To Supply The Municipal Gas Infrastructure Project, Thus Strengthening Its Competitive Edge In The Western China Gas Market
ZK International Group Co., Ltd. (NASDAQ:ZKIN) ("ZKIN", "ZK International" or the "Company"), a leading designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products for sophisticated water or gas pipeline systems, proudly announces a new marketing and sales achievement. The Company has successfully secured an $8 million bid in collaboration with Chongqing Gas Group, bolstering its new position as a key player in the Western China gas market.
ZK国际集团有限公司（纳斯达克股票代码：ZKIN）（“ZKIN”、“ZK International” 或 “公司”）是用于复杂水或天然气管道系统的专利高性能不锈钢和碳钢管道产品的领先设计者、工程师、制造商和供应商，自豪地宣布了一项新的营销和销售成就。该公司与重庆燃气集团合作，成功获得了800万澳元的出价，巩固了其作为中国西部天然气市场关键参与者的新地位。
Chongqing City, the fourth largest Chinese city with an estimated urban population of 16.34 million, is set to benefit from ZK International's expertise. The $8 million bid pertains to the gas piping infrastructure procurement program initiated by the Chongqing Gas Group for its municipal gas piping infrastructure project.
重庆市是中国第四大城市，估计城市人口为1,634万，将受益于ZK International的专业知识。800万澳元的投标涉及重庆燃气集团为其市政燃气管道基础设施项目启动的天然气管道基础设施采购计划。
China's Ministry of Ecology and Environment's 2020 initiative to replace coal with clean energy in the heating systems of 7.09 million households in the northern provinces has spurred a surge in demand for natural gas and gas piping infrastructure. Chongqing Gas Group, a flagship division of China Resources Gas Group Limited, has been a pioneer in the urban pipeline gas business since 1995. As a key player in the energy sector, it has evolved into an integrated energy service provider with core businesses encompassing natural gas sales, integrated energy services, energy trade, and energy transmission and distribution. Chongqing Gas Group Co., Ltd., is listed on the Shanghai Stock Exchange, under the stock code 600917 and has a market capitalization of $1.5 Billion with annual sales of $1.22 Billion in revenue.
中国生态环境部2020年在北方省份709万户家庭的供暖系统中用清洁能源取代煤炭的举措刺激了对天然气和天然气管道基础设施的需求激增。重庆燃气集团是华润燃气集团有限公司的旗舰部门，自1995年以来一直是城市管道燃气业务的先驱。作为能源领域的关键参与者，它已发展成为一家综合能源服务提供商，其核心业务包括天然气销售、综合能源服务、能源贸易以及能源传输和分配。重庆燃气集团有限公司在上海证券交易所上市，股票代码为600917，市值为15亿美元，年销售收入为12.2亿美元。
Mr. Jiancong Huang, Chairman of ZK International, commented, "We are pleased to be selected as a key supplier for the municipal natural gas infrastructure program amongst several of our competitors during this bidding process as well as to start a new working relationship with Chongqing Gas Group. We are excited that this bidding success, along with other key pending contracts and agreements will allow us to expand our presence to Western China in Chongqing city."
中科国际董事长黄建聪先生评论说：“我们很高兴在本次竞标过程中，在多个竞争对手中被选为市政天然气基础设施项目的主要供应商，也很高兴与重庆燃气集团建立新的合作关系。我们很高兴这次竞标的成功以及其他重要的待定合同和协议将使我们能够将业务扩展到中国西部的重庆市。”