Minaean SP Construction Corp V.MSP

Industrials Engineering & Construction

Minaean SP Construction Corp. is engaged in providing general contracting to the construction industry with a specialty in Light Gauge Steel Quik-Build Systems. It also provides a variety of contracting services, including consulting on large scale construction projects, engineering, procurement, construction and design-build capabilities in the residential, commercial, industrial, healthcare and hospitality sectors. It operates through the general contracting services segment. Its Light Gauge Steel (LGS) technology is a cold formed galvanized steel that comes in a coil form and is used to produce a range of uniform shapes and products. Its Vesta Quik-Build System utilizes corrugated load-bearing Light Gauge Steel panels. Its Artisan Quik-Build System is an advanced building technology that uses an engineered floor and steel framed wall system to construct buildings. Its Modular Quik-Build System is a specific prefabricated system of constructing a building in modules in a factory.

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Minaean SP Construction Corp

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Post by Generalon Apr 30, 2013 5:55pm

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Post# 21321059

re-MINAEAN HABITAT LAYS STRONG FOUNDATION FOR CONT

MINAEAN HABITAT LAYS STRONG FOUNDATION FOR CONTRACTS IN 2013

Vancouver, BC, Canada – January 28, 2013 – Minaean International Corp. (TSX-V: MIB; Berlin and Frankfurt Stock Exchanges: NJA) (“Minaean” or the “Company”), a Canadian-based developer of alternative building technologies using light-gauge steel, is pleased to provide an update on the progress of its present contracts and contracts under negotiations in India for the year 2013. Minaean Habitat (India) Pvt. Ltd., a wholly owned subsidiary of Minaean has been awarded a contract for construction of portable bunk houses by National Thermal Power Corp. (NTPC), a Govt. of India Undertaking and a Fortune 500 company, for its Thermal Power Plant under construction at Raipur in Madhya Pradesh, India. Minaean has also been awarded with a contract for construction of a security building, canopy and signage by Kennametal India Limited in Bangalore, India. Both of these contracts have been awarded recently, and another contract for supply and installation of bunk houses for NTPC is under negotiation. The total value of the contracts mentioned is in excess of $ 700,000. Successful execution of these contracts may lead to further opportunities valued at in excess of $ 2 million from this group alone in 2013.

After restructuring in 2011-12, the Company has moved towards an outsourced model focusing on its core strengths in engineering, execution and contract management. Under the leadership of its local head in India, the Company is poised for a major bounce back in 2013. Additional contract opportunities for execution under joint venture are also under negotiation at present.

India, having surpassed a GDP growth of 9% in 2007-08, has recently reported a modest growth of 5.5% for the year 2011-12. Efforts are in place to kick start 2013 with the liberalization of Foreign Direct Investment (FDI) rules to attract foreign investments in the retail sector. With a population of over 1.20 billion people, the country thrives on its consumer market driven by the masses and is confident of achieving its targeted growth for the coming year. With major power plants and manufacturing industries being set up in rural India, the solution to set up their offices and staff quarters at the site can only be provided by prefabricated structures and modular buildings. Minaean Habitat (India) Pvt. Ltd. being a pioneer in this field, is poised to attract lucrative contracts in due course.