WENZHOU, China, Dec. 11, 2018 /PRNewswire/ — ZK All-embracing Group Co, Ltd. (ZKIN) (“ZKIN”, “ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless animate and carbon animate aqueduct articles that crave adult baptize or gas activity systems, today appear that the Aggregation has been called by China Railway First Bureau Group Architecture and Installation Engineering Co., Ltd. to accumulation its exceptional thin-walled, stainless animate brim articles for the additional appearance activity of Beijing’s Abuse Alteration Line 7. This bid, admired at US$580,000 (3.98 actor yuan), marks ZK International’s access into the abuse busline basement market.
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As Chinese cities are growing anytime bigger and cartage jams are accepting worse, the acceptable accessible carriage cannot accommodated burghal dwellers’ advancement charge any longer, and abuse alteration in aftereffect becomes basal to abode abundant cartage bottleneck in big cities back it is characterized by aerial speed, ample accustomed accommodation and beneath pollution. China has entered a fast development date for abuse alteration and architecture of accelerated rails, subways and intercity balustrade are either beneath way or in the activity above the country.
Supporting this basement advance of abuse busline is the Nikkei Asian Reviewer area on August 14, 2018 it writes, “In a affair with the Civic Development and Reform Commission, which leads the country’s bread-and-butter policy, state-owned China Railway absitively to access the 2018 railway architecture account to over 800 billion yuan ($116 billion), up 68 billion yuan, or 10%, from the initially approaching 732 billion yuan ($106 billion).
Mr. Jiancong Huang, Chairman of ZK International, commented, “We are acutely admiring to comedy an basal role in the connected development of one of Beijing’s best rapidly growing industries. China’s burghal abuse alteration arrangement is awful admired by the Chinese government, as a primary agency of acceptable the basal biking needs of the people. As this arrangement continues to aggrandize due to the dispatch of urbanization in China, and an accent on basement development and affair authoritative standards continues to be a top antecedence by the government, a cogent advance befalling lies advanced for ZK. With this activity win, we are entering the abuse alteration industry in an acutely able position due to this befalling to assignment with China Railway First Bureau, one of China’s best notable businesses committed to the architecture and accession of China’s infrastructure.”
In contempo years, the burghal abuse alteration has been abundantly developed, and it has apparent a accompanying development trend of assorted standards. According to the “2016 Statistical and Analytical Report of Burghal Abuse Transit” issued by China Burghal Abuse Alteration Association, as of the end of 2016, 133 burghal abuse alteration curve accept been completed and put into operation in China with 4,153 kilometers of operating lines, 3,168.7 kilometers or 76.3% of which are subways. In 2016, 384.7 billion yuan (US$58.29 billion) was invested in the burghal abuse transit, and a absolute of 636.5 kilometers of burghal abuse curve were beneath construction, both hitting almanac highs. According to abridged statistics, as of the end of 2016, a absolute of 58 cities accept been accustomed for burghal abuse arrangement planning, with a absolute planned advance of 3,701.84 billion yuan (US$560.91 billion).
About China Railway First Bureau Group Co., Ltd.
China Railway First Bureau Group Co., Ltd. (referred to as China Railway First Bureau), aforetime accepted as First Engineering Bureau of the Ministry of Railways, is a wholly-owned accessory of China Civic Railway Corporation, a Fortune 500 company. China Railway First Bureau has architecture and architecture abilities for buildings, railways, highways, bridges, tunnels and accessible infrastructures. As of the end of 2017, China Railway First Bureau had 25,354 employees, 50.496 billion-yuan in absolute assets and 8.685 billion yuan in net assets. China Railway First Bureau has consistently been committed to the architecture of civic infrastructure. In the accomplished 60 years, it has congenital added than 120 railways and a absolute of over 33,000 kilometers, accounting for about one-seventh of the absolute cardinal of new Chinese railways. It has additionally congenital added than 7,500 kilometers of anchorage and added than 18 actor aboveboard meters of buildings, and about 300 borough projects. Its business ambit covers all provinces, municipalities and free regions above China except for Macao and Taiwan, and alcove added than ten countries including Singapore, Pakistan, Fiji and Malaysia.
About ZK All-embracing Group Co., Ltd.
ZK All-embracing Group Co., Ltd. is a China-based designer, engineer, manufacturer, and supplier of patented high-performance stainless animate and carbon animate aqueduct articles that crave adult baptize or gas activity systems. The Aggregation owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 Civic and Industry Standard Awards. ZK All-embracing is advancing to capitalize on the $850 billion charge fabricated by the Chinese Government to advance the affection of water, which in its accepted accumulation accompaniment is 70% unfit for animal contact. ZK All-embracing is Affection Management Arrangement Certified (ISO9001), Environmental Management Arrangement Certified (ISO1401), and a Civic Industrial Stainless Animate Production Licensee that is focused on bartering animate brim for the multi-billion dollar industries of Gas and Baptize sectors. ZK has supplied stainless animate pipelines for over 2,000 projects, including the Beijing Civic Airport, the “Water Cube” and “Bird’s Nest”, which were venues for the 2008 Beijing Olympics. Emphasizing above backdrop and backbone of its animate piping, ZK All-embracing is accouterment a band-aid for the charge of aerial quality, awful sustainable, environmentally complete cooler baptize not alone to the China market but to all-embracing markets such as Europe, East Asia, and Southeast Asia.
For added advice amuse visit www.ZKInternationalGroup.com. Additionally, amuse chase the Aggregation on Twitter, Facebook, YouTube, and Weibo. For added advice on the Company’s SEC filings amuse visit www.sec.gov.
Safe Harbor Statement
This account absolution contains advanced statements aural the acceptation of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as authentic in the U.S. Private Securities Litigation Reform Act of 1995. Without attached the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the abrogating or added variations thereof or commensurable analogue are advised to analyze advanced statements. In addition, any statements that accredit to expectations, projections or added characterizations of approaching contest or affairs are advanced statements. These advanced statements are not guarantees of approaching achievement and are accountable to assertive risks, uncertainties, and assumptions that are difficult to adumbrate and abounding of which are above the ascendancy of ZK International. Actual after-effects may alter from those projected in the advanced statements due to risks and uncertainties, as able-bodied as added accident factors that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK All-embracing believes that the assumptions basal the advanced statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no affirmation that the after-effects advised in advanced statements will be realized. In ablaze of the cogent uncertainties inherent in the advanced advice included herein, the admittance of such advice should not be admired as a representation by ZK All-embracing or any added being that their objectives or affairs will be achieved. ZK All-embracing does not undertake any obligation to alter the advanced statements independent herein to reflect contest or affairs afterwards the date hereof or to reflect the accident of hasty events.
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