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Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

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Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

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News from the Import Industry

June 01, 2009

China's leading coal producer teams up with major steel maker to sharpen competitive edge

The Shanxi Coal-Steel Energy Development Company began operation recently in this capital city of north China's Shanxi Province, a senior official with the Shanxi Coking Coal Group confirmed Saturday.

The move is believed to be a significant measure for the province, which is located on China's major coal belt, to cope with the global economic downturn through deepening cooperation between coal and steel industries.

According to Bai Peizhong, chairman of the Shanxi Coking Coal Group, the new company has a registered capital of 500 million yuan (73.3 million U.S. dollars), with the coking coal supplier taking 60 percent of the stake and Taigang Group holding the remaining 40 percent.

The new energy company will engage in coal mining, dressing and marketing. It will ensure coal supplies for Taigang Group and share profits from coal mining with the steel maker, Bai said.

As China's largest coking firm, the Shanxi Coking Coal Group turns out 10 percent of the country's total product and supplies more than 20 percent of such materials needed by 18 big steel makers nationwide.

Taigang Group is a world leading stainless steel manufacturer in terms of production capacity and technologies.

Industry observers said the establishment of the new company would be conducive to sharpening competitive edge of both coal and steel producers.

Source: Xinhua

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