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- FerroChina Limited through its wholly owned subsidiary, Changshu Everbright Material Technology Co. Ltd (“Everbright”), has entered into 2 separate 1-year supply contracts with 2 new customers: Zhangjiagang Free Trade Zone.Jiakuang International Trade Co., Ltd and Shanghai Tsinghen Trading Co., Ltd to supply galvalume steel sheet to them.
- With regards to the contracts, Everbright will supply a total of 168,000 mt of high end galvalume steel sheet to Zhangjiagang Free Trade Zone.Jiakuang International Trade Co., Ltd and Shanghai Tsinghen Trading Co., Ltd in 2009. This is a significant milestone for the Group as it is recognition by customers and confirmation on the ability of the Group’s ability to produce higher end products in large quantity and to replace existing imported galvanized, galfan and galvalume steel sheet from nearby countries.
- In year 2007, China imported approximately 4.4 million mt of galvanized steel sheet to meet its demand in domestic market. Everbright expects to secure more of such orders with the enhanced product range that it can offer when another 2 galvanize lines enter into commercial production in 4Q2008.
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