Hollysys Automation Technologies Announces an Industrial Automation Contract with a Major Multinational Chemical Company
Oct 26, 2007
Beijing, China – October 26, 2007 – Hollysys Automation Technologies, Ltd. ("Hollysys") today announced that it has been awarded a contract with Polynt, S.P.A. (PLY.MI), a leading global producer of polymer chemical intermediates, headquartered in Italy with manufacturing operations in Italy, Germany, Poland and China. The contract is for an industrial automation control system for Polynt's new 20,000 ton per year trimellitic anhydride (TMA) production plant that will be constructed in Changzhou, China.
Dr. He Jianfeng, General Manager of Hangzhou HollySys, Hollysys' subsidiary, commented, "This contract represents a significant milestone for Hollysys. After months of due diligence, Polynt has selected our control system over the systems offered by our international competitors and now joins BASF, among others, in our growing list of multinational customers. We expect this initial contract to be the first of many with Polynt, one of the leaders in the global chemical industry."
Hollysys has become one of the leading automation systems providers in the PRC, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. The Company specializes in the research, development, production, sale and distribution of industrial automation and control systems, competing effectively with both domestic Chinese companies and large, multinational participants in the industrial, rail and nuclear power sectors.
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