Midas clinches $79.4m US rail contract

This is its first foray into the US.

Mainboard-listed Midas Holdings has clinched a $79.4m (US$58.3m) contract to supply aluminium alloy extrusion profiles and fabricated parts for a rail project in the United States.

With delivery slated to take place progressively between 2015 and 2020, this contract is Midas’ single largest export contract to-date as well as the Group’s maiden rail contract in the United States.   

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