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China Armco Metals Finalizes Contract to Supply Iron Ore
09/16/2009 - China Armco Metals announces that its wholly owned subsidiary Armco Metawise has completed delivery of iron ore to a China-based steel company pursuant to a contract that will generate about $8 million of sales in the third quarter of 2009.
China Armco Metals, Inc. announced that its wholly owned subsidiary Armco Metawise, Ltd. has completed delivery of iron ore to a China-based steel company pursuant to a contract that will generate about $8 million of sales in the third quarter of 2009.
“We are extremely pleased with the strong sales efforts we have made in the third quarter,” said Kexuan Yao, CEO and Chairman of China Armco Metals, Inc. “We worked diligently with this new customer to deliver this order and hope to secure additional orders in the future. Expanding our customer base is critical as we build for future growth, and we expect our sales efforts will continue to gain momentum in the coming months.”
China Armco Metals, a distributor of imported metal ore, has plans to launch a new state-of-the-art scrap metal recycling facility in China.
