Tuesday, July 15, 2014

Armco Metals Holdings, Inc. (AMCO) Capitalizing on Scrap Steel Processing Opportunities for Growth

Armco Metals Holdings was pleased to see its subsidiary, Armco (Lianyungang) Renewable Metals, Inc., on a list of 131 companies published by China’s Ministry of Industry & IT as a company that is eligible to enter China’s scrap steel processing industry. Following the company’s recent announcement of this news, one may be interested in taking a look into how its involvement here is driving growth.

Armco Metals Holdings, Inc. is dedicated to providing efficient options for steel production. They know that the companies that choose to use recycled scrap in their steel production realize several benefits as a result. Most notable is that a company winds up using up to 60% less energy and reducing air and water pollution by 86% and 76%, respectively. This reduction in energy results in significant savings for steel producers annually. To address customer demand for responsible material choices and staying in sync with Chinese Government Green initiatives, Armco has created its own recycling facility, capable of producing environmentally friendly, cost-effective solutions for the country’s steel production needs.

Since early 2007, Armco (Lianyungang) Renewable Metals, Inc. has become Armco Metals’ primary asset by being focused on recycling and processing scrap steel or use in China’s steel production industry. Operating on 32 acres in the Banqiao Industrial Park in Jiangsu province, this facility has one of the most advanced recycling systems in the world. The advanced system automatically shreds, sorts, and separates the recycled scrap steel processing the highest-quality material for its customer base.

Armco Renewable Metals can process up to one million metric tons of scrap metal each year. In addition, the company is in an early research and development phase for Armet (Lianyungang) Holdings, Inc., a subsidiary of Armco Metals focusing on automotive scrap steel recycling. Taking full advantage of the opportunity, Armco Metals sees the automotive industry as being one of the largest sources of scrap steel and further recognizes the potential this market has for meeting China’s steel production needs.

For more information on the company, visit www.armcometals.com

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