SINGAPORE and HONG KONG, July 18, 2012 /PRNewswire-Asia/ -- Midas Holdings Limited ("Midas" or the "Company", together with its subsidiaries, the "Group"; SGX-ST stock code: 5EN; SEHK stock code: 1021) announced today that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd ("Jilin Midas") has won the "Supplier of the Year Award" from Bombardier Transportation ("Bombardier"), the rail equipment manufacturing and servicing division of Bombardier Inc. Listed on the Toronto Stock Exchange, Bombardier Inc. is one of the world's leading manufacturers of innovative aerospace and rail transport solutions.
Bombardier presents the Supplier of the Year Award in recognition of suppliers' quality products, exemplary work and service. Jilin Midas is the only supplier to have received an award under this category from Bombardier for 2011.
"Jilin Midas is a strategic supplier in the field of aluminium extrusions," said Pierre Attendu, Vice President Operations and Chief Procurement Officer, Bombardier Transportation. "Through its hard work and constant dedication, Midas has provided exemplary support to Bombardier. Challenges in our projects were always shared by Jilin Midas in a spirit of finding the best solutions."
Mr Patrick Chew, CEO of Midas, said: "We are honoured to receive this award from Bombardier, the largest player in the international rail equipment sector. This award is both a confirmation of our hard-earned success and an endorsement from a major customer in Midas' capabilities and expertise as a supplier. Going forward, we will endeavour to maintain the highest standards in delivering quality products and services to the global market."
About Bombardier Transportation
Bombardier Transportation, a global leader in rail technology, offers the broadest portfolio in the rail industry and delivers innovative products and services that set new standards in sustainable mobility. BOMBARDIER ECO4 technologies -- built on the four cornerstones of energy, efficiency, economy and ecology -- conserve energy, protect the environment and help to improve total train performance. Bombardier Transportation is headquartered in Berlin, Germany and has a very diverse customer base with products or services in more than 60 countries. It has an installed base of over 100,000 vehicles worldwide. Follow Bombardier Transportation on Twitter @BombardierRail.
BOMBARDIER and ECO4 are trademarks of Bombardier Inc. or its subsidiaries.
About Midas Holdings Limited
Founded in 2000, Midas is today the leading manufacturer of aluminium alloy extrusion products for the passenger rail transportation sector in the PRC. Over the years, Midas has built an established track record in supplying to the PRC passenger rail transportation sector, which includes participation in landmark contracts such as trains for the Beijing-Tianjin High Speed Train Project, and inter-city high speed trains for the CRH3-380 Project. Midas' customers include domestic PRC licensed train manufacturers from China South Locomotive & Rolling Stock Corporation Limited and China CNR Corporation Limited, as well as international customers such as Alstom Transport, Siemens AG and Bombardier Transportation.
Midas has a strategic 32.5% stake investment in Nanjing SR Puzhen Rail Transport Co., Ltd ("NPRT"), an associate company engaged in the development, manufacturing and sale of metro trains, bogies and their related parts. NPRT is one of the four Licensed Metro Manufacturers licensed to undertake metro train projects on a nationwide basis in the PRC.
In recognition of its consistent growth and profitability, Midas is one of only six companies, and the only aluminium alloy extrusion products manufacturer, in Asia to be included in Forbes Asia's "Best Under A Billion" list for four consecutive years from 2006 to 2009. The Company was also awarded the "Best Investor Relations Award (Gold)" at the Singapore Corporate Awards 2010 in the "S$300 million to less than S$1 billion market capitalisation" category. As testament to its strong brand name and reputation in the PRC, Midas was conferred the prestigious "China Well-Known Trademark" by the Trademark Office of the State Administration for Industry & Commerce of the PRC ("SAIC") in 2011.
Midas has a primary listing on the Mainboard of the Singapore Exchange Securities Trading Limited and a secondary listing on the Main Board of the Stock Exchange of Hong Kong Limited.