集团新闻

SUTOR TECHNOLOGY GROUP LTD SUBSIDIARY RECEIVED NEW STEEL PIPE PROCESSING ORDER

Post Date: 2014-12-01

Ningbo Zhehua Heavy Steel Pipe Manufacturing Co., Ltd (“Ningbo Zhehua”), recently entered into a new contract to process and deliver 5,000 metric tons of spiral seam and straight seam welded steel pipes. These products will be used as deep-sea main bridge piping of Pingtan Bridge that is a cross-sea bridge locates in Pingtan County in Fujian Province. The deliveries under this contract are to be made from December of 2014 to January of 2015.

Lifang Chen, Chairwoman and CEO of Sutor commented, “To us, the commission of processing the deep-sea Pingtan Bridge pipes is confirmation of our customers’ confidence in the anti-corrosion property and high strength of our products and in our logistics capability. Our vertical integration has allowed us to benefit from economies of scale and thus keep production cost low. Ningbo Zhehua’s advanced technologies and convenient geographical proximity to Ningbo Port, we expect our pipe processing service to be an attractive option for customers that demand high-quality finished products without concerning themselves with logistics of shipping the products.”

“This new processing contract of Ningbo Zhehua is cumulation of our recent efforts to transform our business by offering steel processing services for customers, in addition steel manufacturing. We believe that our strategic expansion into the steel processing services area can make Sutor one of the best integrated service providers of fine finished steel manufacturing, processing and related logistics.” Ms. Chen concluded.