Tinci sign contract from Xinfa Aluminium of China

Reuters reported that Tinci Holdings Limited signed CNY 54.5 million contracts with a unit of China's Xinfa Aluminium Industry Group sending its shares up 59%.

The AIM listed Chinese company said that the contract was for two 360 MW installations and would use traditional wet limestone flue gas desulphurization technology used to reduce sulphur dioxide emissions when burning fossil fuels.

Tinci said that it expected the project to start this month and last for about 12 months. It is the 20th FGD project which Xinfa has awarded to Tinci to address its desulphurization needs since 2005. The company said recently that it was not aware of a reason for a rise in its shares which had gained about 75% since the start of the month.

(Sourced from Reuters)

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