Founded in 2000, Midas Holdings Limited (SGX:5EN; HKEX:1021) is today the leading manufacturer of aluminium alloy extruded products for the passenger rail transportation sector in the PRC. Midas has an established track record of supplying aluminium alloy extruded products to train manufacturers in the rapidly growing passenger rail transportation sector in the PRC since 2003. The Group also exports aluminium alloy extruded products internationally and have been involved in a considerable number of train projects in Europe and Asia.
In recognition of our consistently high product quality, Midas has been awarded numerous important certifications and awards in the PRC and internationally, and is a certified supplier to the top three global train manufacturers, namely, Alstom, Siemens and Bombardier Transportation.
Midas also has a strategic 32.5% equity investment in Nanjing SR Puzhen Rail Transport Co., Ltd (“NPRT”), an associate company engaged in the development, manufacturing and sale of metro trains, bogies and their related parts. NPRT is Licensed Metro Manufacturers which produces metro trains on a nationwide basis in the PRC.
In February 2012, Midas has entered into a framework agreement with Jilin Kaitong Engineering Co., Ltd (“Jilin Kaitong”) to invest in Jilin Midas Light Alloy Co., Ltd (“Jilin Midas Light Alloy”). Under the agreement, Midas has a 55% equity stake of Jilin Midas Light Alloy, while Jilin Kaitong holds 45% stake.
In addition, Midas operates a Polyethylene Pipes (“PE Pipes”) Division, which is engaged in the design, manufacture and installation of polyethylene pipes.
Midas has a primary listing on the Mainboard of The Singapore Exchange Securities Trading Limited and a secondary listing on the Main Board of The Stock Exchange of Hong Kong Limited.
In recognition of its consistent growth and profitability, Midas is one of only six companies, and the only aluminium alIn recognition of its consistent growth and profitability, Midas is one of only six companies, and the only aluminium alloy extruded products manufacturer, in Asia to be included in Forbes Asia’s “Best Under A Billion” list for four consecutive years from 2006 to 2009. The Company was also awarded the “Best Investor Relations Award (Gold)” at the Singapore Corporate Awards 2010 in the “S$300 million to less than S$1 billion market capitalisation” category. In October 2012, Midas was awarded the “Most Transparent Company Award 2012” at the Singapore Investor Association (SIAS) 13th Investors’ Choice Awards. Midas was recognised as the Winner for the Chemical & Resources Category.