LianDi Clean Technology Inc., a provider of clean technology, downstream flow equipment, engineering services and software to China's leading petroleum and petrochemical companies, has been awarded four contracts to supply 222 valves to Sinopec Mitsubishi Chemical Polycarbonate Ltd. The Company expects to deliver product to Sinopec Mitsubishi Chemical in H1-2011.
LianDi will supply all the valves in Sinopec Mitsubishi Chemical's new polycarbonate production facilities that will incorporate Japan Mitsubishi Chemical's proprietary melting method technology. In partnership with its international suppliers Metso and Leser, LianDi will provide the critical components to Sinopec Mitsubishi Chemical's first polycarbonate production lines as Sinopec looks to capture the increasing domestic demand for polycarbonate and bisphenol A. Polycarbonates, due to their resilient and transparent properties, have become a popular material for manufacturers of consumer and industrial products such as eye glasses, car brakes, and Blu-ray discs.
The combined value of the contracts is estimated to be approximately US$3 mln. The Company will ship its first product in Q1-2011 and complete the contract by the middle of next year.