Core Insights - Wang and Lee Group, Inc. announced a US$71 million contract for a marble quarry in Australia, highlighting its commitment to sustainable infrastructure and green energy strategies [1][2] - The onsite inspection will evaluate operational readiness and resource integration for marble extraction and solar crypto mining, aiming to create two new revenue streams [2][3] - The project aligns with the company's strategic focus on ESG (Environmental, Social, and Governance) initiatives, enhancing its leadership in sustainable development [2][4] Company Strategy - CEO Joe Ho emphasized the quarry as a source of premium marble and a platform for ESG-driven technologies, aiming to set new industry benchmarks while diversifying revenue [3][4] - The project is expected to improve margins and ESG credentials by converting mining byproducts into renewable energy, thus reducing waste and carbon emissions [4] Operational Focus - NQ Marble's Director, Kim Cheng, expressed eagerness to assess the quarry's capabilities and collaborate with local partners to ensure operational excellence, meeting global demand for sustainable building materials [4]
Wang and Lee Group CEO and NQ Marble Director to Conduct Onsite Quarry Inspection in Australia, Eyeing Dual Revenue Streams and ESG Leadership