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Article: Oil rise proves an ace development.
- Article from:
- Australasian Business Intelligence
- Article date:
- June 16, 2008
CopyrightCOPYRIGHT 2008 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Philip Hopkins
Jun 16, 2008 (The Age - ABIX via COMTEX) -- Perth-based Advanced Engine Components (ACE) has benefited from high oil prices and pollution concerns. The company builds engines that run on natural gas. It has a deal with Indonesian truck and bus company, PT Arimbi Jaya. It will have supplied 65 engines by 30 June 2008. The client is testing the engines and is expected to place a further order worth $A2.2 million. ACE is focusing its sales on Asia. It supplies products to Thailand and has agreements with three large Chinese engine ...