Armco Metals for
more than a decade has diligently worked to become one of China’s leading
recycled scrap steel sales and distributions companies, forming synergistic
relationships with key industry players around the world and rising to meet
green initiatives. Under the leadership of CEO Kexuan Yoa, Armco has
experienced considerable growth in the last seven years, advancing its mission
to become the largest, most efficient recycling company in the world’s top
steel producing nation.
In 2013, China
contributed 48.6% of global steel output, leading the world’s total steel
production of 1.607 million metric tons. According to the World Steel
Association, China has secured its No. 1 ranking through 2014 as well, cranking
out 50% of global steel supply in the first five months of this year alone.
In recent years, the
Chinese government has pushed for environmentally friendly alternative options
for steel production, calling for an increase in the consumption of recycled
scrap steel from 15% in 2010 to 20% by 2015.
Complementary to
these initiatives, Armco strategically operates five subsidiaries, each playing
a specific role in the sourcing, importing, processing and distribution of
recycled scrap steel and metal and non-ferrous metal ore to more than 100
small-sized and medium-sized metal produced throughout China, as well as more
than 10 international metal suppliers from Australia, South Korea, India,
Brazil and the United States.
The company’s Armco
Renewable Resources subsidiary is strategically located in the city of
Lianyungang, a region designated as the waste iron and scrap steel recycling
processing pilot region for China. This subsidiary operates a recycling and
processing facility, which is capable of processing 1 million metric tons of
scrap metal each year. The facility’s Texas Shredder Lindeman System, one of
the most advanced recycling systems in the world, automatically shreds, sorts,
and separates the recycled scrap steel to process highest-quality material.
Future expansion
plans include doubling the facility’s capacity to 2 million metric tons
annually, as well as further development of Armco’s Armet (Lianyungang)
Holdings subsidiary, which will focus on recycling steel scrap specifically
generated by the world’s booming automotive industry.
The Armco
(Lianyungang) Renewable Metals subsidiary earlier this month received a
restricted materials import approval from the Environmental Management of Solid
Waste in China, allowing the subsidiary to import an annual total of 20,000
metric tons of a variety of materials such as steel-based scrap, copper-based
scrap, and aluminum-based scrap.
Armco also operates
Armco Metals International, Henan Armco & Metawise Trading Co., and its
Armco Metals (Shanghai) Holding subsidiaries, each contributing to Armco’s
overarching mission to take advantage of revenue-generating market
opportunities. Leveraging the value, reach and expertise of each subsidiary,
Armco employs a unique approach to capitalize on specific niches within China’s
growing steel industry.
For more information
on Armco Metals Holdings, please visit www.armcometals.com
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