# Jin Tong Ling receives progress payment from Cathay Biotech for compressor project

Jin Tong Ling Technology Co., Ltd. received a progress payment of CNY 15.45 million from Cathay (Taiyuan) Biotechnology Co., Ltd. for a compressor product contract. The project includes motor-driven and turbine-driven compressor systems, with the first air compressor started on April 29, 2022, and other systems under construction.

- Type: Contract
- Announced: 2022-07-07
- Where: China
- Value: $2.29M (15.4M CNY)
- Status: under construction
- Products: compressor systems, air compressors, turbine-driven compressor systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Jin Tong Ling Technology](https://endata.com/companies/63993.md) (supplier)
- [Cathay (Taiyuan) Biotechnology](https://endata.com/companies/63994.md) (customer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/751204.html), 2022-07-07: "公司于近日收到凯赛(太原)生物支付的工程进度款1545万元"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.