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    China Armco Metals retains HC International for investor relations

  • China Aluminium Network
  • Post Time: 2008/10/13
  • Click Amount: 498

    China Armco Metals Inc a leading ore agency, distributor and steel recycler in China announced that it has retained HC International to lead a strategic financial communications program. HC International will initiate a proactive and targeted investor relations campaign immediately. Mr Matthew Hayden and Mr Alan Sheinwald of HC International and their team will be advising the Company in all facets of public financial communications.


    China Armco Metals, Inc. is engaged in the sale and distribution of metal ores and non-ferrous metals throughout the PRC and the recycling of scrap steel for the Chinese market. The Company maintains customers throughout China which include the fastest growing steel producing mills and foundries in tier 2 and tier 3 cities. Raw materials are supplied from global suppliers in India, Hong Kong, Nigeria, Brazil, Turkey, the Philippines and Libya. Armco's product line includes ferrous and non-ferrous; Iron Ore, Chrome Ore, Nickel Ore, Copper Ore, Manganese Ore and Steel Billet. Beginning in the second quarter 2009, Armco expects to begin operating its steel recycling and scrap metal supply, which is in the process of implementation. The recycling facility is expected to be capable of recycling one million tonne of scrap metal per year which would positioning the Company as one of the top 10 largest recyclers of scrap steel in China. ARMCO estimates the recycled steel market at 100 million tonnes per year.


    HC International is a premier information resource to institutional investors, hedge funds, independent portfolio managers, buy-side and sell-side analysts, small to large retail brokerage firms and accredited individual investors. HC International will leverage its recognized investment community relationships to help capitalize on China Armco Metals' key assets, while helping management to articulate its future growth opportunities. Additionally, the firm will extend CNAM's investor awareness programs, shareholder communications and coordinate introductions to key industry and sell-side analysts as part of a comprehensive IR program.


    Mr Kexuan Yao chairman of China Armco Metals Inc said that "The team at HC International is well-respected and has a proven track record of representing successful China-based, US listed companies, including a US listed Chinese steel company which recently moved the New York Stock Exchange. After careful review, we selected HC International to ensure that the investment community is properly informed of our growth strategy and competitive advantages particularly as we expand into the profitable recycling segment in China upon completion of our recycling facility. In addition to their sector knowledge, we are confident HC will help us to improve our overall communication capabilities, which includes delivering our story and subsequent milestones to a larger, targeted base of investors."


    Mr Matthew Hayden President of HC International said "ARMCO is well positioned to capitalize on two key market opportunities in China's steel industry currently. ARMCO has been, and will continue, to capitalize on China's robust steel demand, which is currently estimated at approximately 500 million tonnes annually, by providing commodity distributor sourcing and servicing to several major steel producers in China. As overall steel prices begin to stabilize, ARMCO is intently focused on meeting a growing demand for recycled steel that combines cost and energy savings for plants with the additional benefit of a 'Green' footprint critical for producers to operate profitability in both the short and long term. Currently, China is only meeting 20% of the domestic demand for scrap steel which stands at approximately 70 million tonnes annually. With Armco's recent capital raise, we are confident they will leverage their new steel recycling and scrap metal supply facility when completed, reputation and customer base to generate meaningful future growth."

    Source: SteelGuru
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