Midas Holdings’ China unit Jilin Midas Aluminium Industries Co. has secured its first two downstream fabrication contracts worth an aggregate amount of RMB73.8 million ($15.7 million).

Awarded by CNR Tangshan Railway Vehicles Co., Jilin Midas will supply specialised stretch bend, roll bend and press bend fabricated aluminium alloy extrusion profiles for train car bodies, as well as curved surface profiles for driver’s cabins for the “CRH3” high-speed train project.

The first contract, valued at RMB43.8 million, involves the supply of 12 types of specialised stretch bend, roll bend and press bend fabricated aluminium alloy extrusion profiles for 1,280 train car bodies.

The second contract, worth RMB30 million, is for the supply of specialised stretch bend, roll bend and press bend fabricated curved surface profiles for 100 units of driver’s cabins.

Both contracts include the provision of aluminium alloy extrusion profiles as well as fabrication processing services, and are expected to be delivered between the second half of 2009 and first half of 2011 and should have a positive impact on the group’s financials for the years ending Dec 31, 2009, 2010 and 2011, says Midas.