China Industrial Waste Management, Inc. (CIWT.OB) Announces 30-Month Contract with National Petrochemical Firm

By IBTimes Staff Reporter | August 10 2010 4:53 AM

China Industrial Waste Management, Inc., a leading environmental services and solutions provider in China, recently announced that the company has secured a major waste management contract with a national petrochemical firm located in Liaoning Province. This contract is expected to add $3.65 million in revenues over 30 months.

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This contract is through the company’s 90 percent-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd. Under the terms of the contract, Dalian Dongtai will treat and dispose of the industrial waste sludge and slag generated by the customer’s production over the next 30 months, starting September 1, 2010.

Mr. Jason Dong, chief executive officer of China Industrial Waste Management, stated, “We are pleased to announce this major contract win. Our selection by this prestigious customer is a testament to our leadership position and strong reputation in Liaoning Province. We expect this contract to significantly boost our financial performance and we anticipate that this will be the first of many opportunities in the petrochemical industry.”

For more information, please visit www.chinaciwt.com.

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