A contract signed during a State Government trade mission to China has produced an export bonanza for a Queensland sandstone company.
Minister for Trade John Mickel was a special guest at the signing of the contract between Australian Sandstone Industries Pty Ltd (ASI) and the L'Sea Group in Guangzhou, initially to supply 2500 tonnes of sandstone worth $1 million from ASI's Helidon quarry earlier this year.
"ASI has recently informed Trade Queensland that its contract has increased in value to $7.4 million and will now result in the sale of 16,000 tonnes of sandstone to support more of L'Sea Group's major construction projects in South China," Mr Mickel said today.
"The extra product order has also seen ASI employ an extra 10 workers to produce the required sandstone at Helidon.
"L'Sea's building projects are underway in major cities in three provinces - Hunan, Nanning and Guangzhou - making good use of the large volumes of fine quality sandstone available from ASI's Helidon quarry to construct main architectural structures as an upgrade option in housing projects.
"ASI's product is lightweight, non-toxic and durable - characteristics that are clearly appealing to the company's buyers and property owners in China.
"I said at the time of the contract signing between ASI and L'Sea Group that it would help to further cement Queensland's reputation as being capable and willing to supply high quality building materials to the Chinese market.
"ASI's rapidly growing success in supplying the building market in Southern China clearly illustrates this to be true, and further strengthens Queensland's position as a first choice supplier to building industries in Asia and globally," Mr Mickel said.
Mr Mickel said Trade Queensland has been working with the ASI Group for the past three years, assisting with the formulation of business strategies, as well as identifying key business partners.
"Trade Queensland are helping strengthen the state export economy by assisting companies like ASI and ensuring a stronger Queensland for the future," he said.
ASI Chairman Mr Densen Liu acknowledged the valuable assistance provided by Trade Queensland at the signing ceremony with the L'Sea Group and said that the Minister was providing good support to Queensland industries winning projects in China.
"The Queensland Government helped open the doors to export to China even wider for us," Mr Liu said.
ASI is listed on the Australian Stock Exchange and holds significant productive sandstone mining leases at Helidon. Accessing export markets for sandstone in China has been a focus of the company in recent years.
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