Knobias Clip Report (09-23-2008) CAON
Submitted By Knobias ClipReport
CAON: Supply Agreement for Fly Ash w/Shuangda Electric Power Equipment Group
By Fain Hughes, fhughes@knobias.com
Chang-On International Inc. (CAON) announced an agreement with Heilongjiang Province Shuangda Electric Power Equipment Group for the supply of fly ash.
Fly ash is a Coal Combustion Product (CCP), by-products of burning coal at electric utility power plants, and has minerals commonly found in the earth’s crust. The Company utilizes fly ash in its synthetic resin to lower the raw material cost and increase the physical characteristics of its products.
Terms of the agreement call for the delivery of up to 200 tons of fly ash per month at a cost of RMB110 per ton and include delivery.
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