(Yicai Global) Jan. 10 -- Shares in Paslin Digital Technology climbed today after the Chinese manufacturing assembly and automation systems provider said its US unit has received an order worth USD66.7 million from Canadian automobile components manufacturer Magna, the second between the pair in a month.

Paslin’s share price [SHA:600215] closed up 1.8 percent at CNY6.20 (USD0.91). Earlier in the day it advanced 3 percent to hit CNY6.27.

The Paslin Company will supply Ontario-based Magna with a car parts production line, the parent firm said yesterday, citing the letter of intent to purchase signed that day.

The order is worth one third of Paslin’s operating revenue over the past year, the Changchun, northeastern Jilin province-based company said. No further details about the assembly equipment, specifications, delivery schedule or list of clients were given.

It follows a USD59.9 million deal signed between the two parties in December, it said. The Canadian firm is likely to still ink at least one more purchase order, it added.

The two contracts come to a total of USD127 million, amounting to 62.4 percent of its audited revenue last year and will have a positive effect on the company’s performance, Paslin added.

Paslin, which used to be called Changchun Jingkai, purchased The Paslin Company in September 2021 and adopted its name. Formed in 1937, the Michigan-based firm is a world-leading automated welding system provider.

Editor: Kim Taylor