Friday, November 03, 2006 5:23:08 PM
Furthers Middle East Growth
Market Wire, May 17, 2006
http://findarticles.com/p/articles/mi_pwwi/is_200605/ai_n16362942
LoftWerks (OTC: LFWK) LoftWerks/Sulja Bros. today announces that Consultech's Midwest Operation has signed a new contract in partnership with Intec Industries in Berlin to construct two tire recycling plants in the Middle East. Intec Industries is a world renowned and front runner of tire recycling technology.
The first plant is to be located in Saudi Arabia and the second one is to be constructed in the United Arab Emirates. Consultech Director General, Petar Vucicevich, upon signing the contract in Berlin, stated, "We are pleased to sign another agreement with our friends in the Middle East. We have been doing business in the region for a few years now and this new project solidifies our presence even more. At the same time, we have a new partner in Intec Industries. We plan on furthering our business in the future once our project in the Middle East is a success."
A Consultech spokesperson stated that all necessary fixtures, construction and finishing materials would be provided through Sulja Building Supply. This project is estimated to generate 30 Million Euros; construction on the site will begin in August 2006; completion date is projected in about 8 months.
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