TORONTO, June 29 /CNW/ - Boyuan Construction Group, Inc., (TSX: BOY & BOY.DB) a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, announced today that it has initiated the construction of a retail project valued at US $6.2 million. The 42,000 square meter building, which will be developed in Haining City, a growing city located in China's Zhejiang province, will be used as a supermarket. The project is expected to be completed in the third quarter of calendar 2011.
"Ongoing growth in the Yangtze River Delta is fueling demand for the construction of new buildings that complement our traditional residential and commercial projects," said Mr. Cai Liang Shou, Chairman of Boyuan Construction Group. "These new projects, such as the building of a retail supermarket, support expanding populations in the region and the need for a full array of modern buildings and infrastructure."
Zhejiang province forms part of the Yangtze River Delta, one Boyuan's primary markets along with Hainan Island and Shandong province.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the business of residential and commercial building construction, municipal infrastructure and engineering projects. In its last four fiscal years ending June 30, 2009, Boyuan completed more than 125 projects for a number of private and public sector clients including Cargill and the Dalian Shide Group, a billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE. Boyuan's current backlog includes residential, industrial and mixed-use developments, including a five-star hotel and a project at the Qingshan Nuclear Plant, China's first and largest nuclear facility. From its operating bases in Zhejiang Province and on Hainan Island, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze River Delta, the city of Sanya and Shandong Province. For more information visit www.boyuangroup.com or follow us on Twitter at www.twitter.com/boyuangroup
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SOURCE Boyuan Construction Group, Inc.
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