These activities are underway, following the signing of an agreement with
the Puyang City Government. This agreement was announced by Nexis immediately
following a joint public signing ceremony with the Deputy Mayor of Puyang
City, in
Under the 20 year BOOT (Build Own Operate Transfer) arrangement Nexis will
build a manufacturing plant to produce affordable building panels and,
together with its Nexis Country Licensee will construct high volumes of homes
for the domestic market in
- Land for the construction of the plant; - Facilitation of essential services and transport access for the plant; - Waste supply to the plant; - Land for establishing housing estates, that would be built using panels produced by the Nexis manufacturing plant; and - Other forms of assistance.
Nexis is currently accepting expressions of interest for plant financing. Joint and other preliminary activities underway or scheduled prior to financial close include:
- Waste analysis and site feasibility; - Market demand commitments; - Panel trials and local approvals
Nexis is working with its China Country Licensee to build the required
organizational capacity in
Rahoul Ray CEO and President Important Disclosure
This press release contains "forward looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the Forward looking statements as a result of risk factors discussed in Nexis International Industries reports that will be on file with the US Securities and Exchange Commission.
SOURCE Nexis International Industries, Inc.