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Luda Technology Signs Pipeline-Fittings Supply Agreement for China Refining Project

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Luda Technology (LUD) has signed a sales blanket agreement worth about 1.6 billion yuan ($223 million) to supply pipeline fittings for the Yulong Island Refining and Chemical Integration Project, the company said Friday.

The company said the agreement expands its role in the project after it previously secured a tender to supply stainless steel flanges.

Luda said the agreement is expected to strengthen its position in the petrochemical and refining industries while contributing to its financial performance and long-term growth strategy.

Shares of the company were up 5.3% in premarket trading.

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