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Message: China Construction Equipment Demand May Surge 20%

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China Construction Equipment Demand May Surge 20%

posted on Mar 10, 09 06:06AM

AGORACOM Investor Relations is pleased to bring you this following Industry Report pertaining to China ACM (CADC: OTCBB) and the construction industry in China. According to an article in Bloomberg this morning, demand for Chinese construction equipment is expected to surge as high as 20%. This is a result of the Chinese government stimulus package.

The article stated, "China is boosting spending on infrastructure by building railways, airports and housing as exports collapse, threatening its plan to grow the economy by 8 percent. As much as 1.5 trillion yuan of the 4 trillion yuan ($585 billion) stimulus is marked for building projects, and local governments will also spend according to a local official."

Recently China ACM announced winning a local contract valued at $2.2 Million for constructing part of a high speed railway system.

Other types of construction equipment suppliers are also expected to be winners thanks to the stimulus package. The article goes on to state, "One company aims to more than triple sales of excavators to more than 2,600 units this year from last year’s 813. Output of forklifts will also almost triple this year to 8,000 from 2,800 in 2008."

To see the Bloomberg article in its entirety, simply click on the following link:

http://www.bloomberg.com/apps/news?p...

AGORACOM hopes this Industry Report can help you with your due diligence regarding China ACM. We encourage constructive dialogue regarding the company on this discussion forum and we encourage you to monitor this site regularly for future news and updates.

AGORACOM Investor Relations