Deputy Mayor of ChangShu city, Mr. Wang Xiang Visited Sutor Group

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Deputy Mayor of Changshu City, Mr. Wang Xiang Visited Sutor Group. Chairperson & CEO, Ms. Lifang Chen, and other senior leaders warmly welcomed all the guests.

March 2, Deputy Mayor of Changshu City, Mr. Wang Xiang Visited Sutor Group. Chairperson & CEO, Ms. Lifang Chen, and other senior leaders warmly welcomed all the guests.

First, Ms. Chen summarized Group's operating performance in 2009 and 2010 to the Mayer and then forecasted the Group's business plans, upcoming projects development strategies in the following years. Mr. Wang highly praised Sutor’s rapid and stable development. He pointed out that in recent years, we have noticed Sutor’s fast pace of development, hoping the company can further adjust and optimize the structure, increase scientific and technological research, continue to seek more opportunities and make greater contribution to the related industry. He also asked in detail about the project carried on at this stage and expressed the government’s support for Sutor Group.

Ms. Chen expressed her heartfelt thanks for the municipal leaders and local government’s support on behalf of the company. “Sutor group will still root in Changshu city; contribute more to the society and gain a harmony progress with local economic development in the near future.” Ms. Chen added.

Company Profile
Listed on the Nasdaq Capital Market, Sutor Technology Group Limited is a high-tech enterprise which consists of three subsidiaries: ChangShu Huaye Steel Strip Co.,Ltd; JiangSu Cold-Rolled Technology Co.,Ltd and Ningbo Zhehua Heavy Steel Pipe Manufacturing Co., Ltd. The Group is mainly specialized in the production, research and development of fine finished steel products and welded steel pipes used by steel fabricators, and infrastructure projects.

With the combination of highly automated facilities and operational systems, mature technology and world-class manufacturing concept, Sutor Group has introduced world advanced HDG lines, PPGI line and JCOE production line for large-diameter, double-side, submerged-arc welded steel pipes and completed the integration of product value chain, including Acid Pickled line, Cold Rolled line, HDG lines and PPGI line of Huaye Brand, as well as steel pipe line to make value added in each stage. Annual designed production capacity for each line reaches 500,000 MT, 250,000MT, 700,000 MT, 200,000 MT and 400,000MT respectively. Dependent on environmentally-friendly characteristics, creditworthy brand, and extensive range of product portfolio, the finished products are widely applied to solar energy, household appliance, IT, building & construction, automobile industries, large-scale bridge, port, municipal basic construction, gas and oil convey line etc.

News Source : Deputy Mayor of ChangShu city, Mr. Wang Xiang Visited Sutor Group