In February, 2012, Tiandi Science and Technology signed a contract with Ukraine Lixiqiangsk Co., Ltd. (a state-owned company in Ukraine) valued USD59.4 million, mainly providing the latter with mechanized equipments for coals and related services. The 60% contract will be performed in 2012, so it is estimated that the export revenue of Tiandi Science and Technology will be USD35 million at least.

Tiandi Science and Technology is a relatively matured mechanized complete equipment supplier for high-end “three machines and one support” in coal mining. Its major competitors include enterprises like Sany Group, IMM, ZMJ. The order from Ukraine shows that the performance of Tiandi’s products is recognized internationally and its advantage on price gradually emerges, that is to say, the export will be another growth engine for its development. It is estimated that its business in Ukraine will also help the market expansion of Western Europe and speed up its transformation from coal machine manufacturer to mine service provider.