Armco Metals Receives $10 Million out of $47.6 Million for the First Quarter of 2015 March 17, 2015 - Baystreet.ca Armco Metals (NYSE MKT: AMCO) is an importer and distributer of metal ores, the company is also involved in steel recycling. Armco metals recently published the trading business update for the first quarter of the year 2015. Armco Metals has five subsidiaries; Armco Metals International, Armco Renewable metals, Armet Holdings, Henan Armco & Metawise Trading, and Armco Metals Holding. Henan Armco and Metawise Trading Co. Ltd., which is a subsidiary of Armco Henan, received sales orders of wood products worth $44 million in the first four months of the year. While, Armco Metals International Ltd., which is another subsidiary of Armco International, earned a sales contract in the steel industry valued approximately $3.6 million in January 2015. Both the subsidiaries have, in total, received orders amounting to $47.6 million in the first quarter of the year. The company has already received $10 million out of $47.6 million of its total trading business for the first quarter of year 2015. The company stepped into trading business of wood products in September 2014, and continues to expand the business in 2015. Henan Armco has a 10 years experience in the trading business. The company also has an excellent product sourcing and sales team. Henan Armco will sell different kinds of wood products to its clients in China. The products are worth approximately $44 million and will be shipped between February and June according to the agreement. Armco International purchased steel products from China and will re-sale it in Vietnam, in March 2015. Armco Metals CEO & Chairman, Kexuan Yao, gave credit of this success to Armco Metals’ business development team. He further said that the company stepped into the business of wood products in September 2014 and this quick success is a result of the company’s ability to respond to market changes swiftly. Platform model strategy is another factor that contributed to the company’s success. The management plans to implement this strategy in both trading and recycling business. Armco Metals’ management is confident that they will continue their journey in 2015 at the same pace. Armco Metals Holdings, Inc. is a company which deals in sales, distribution, and recycling of metal ores and non-ferrous metals throughout China. The company acquires raw material from different countries, including Brazil, India, Indonesia, Ukraine, and the United States. Their product line includes iron, chrome, nickel, magnesium, copper, and manganese ores. The company also deals in steel billets, non-ferrous ores, and recycled scrap metals. Some of the customers of Armco Metals Holdings, Inc. include fastest growing steel producing mills and foundries throughout China.
Armco Metals Receives $10 Million out of $47.6 Million for the First Quarter of 2015 March 17, 2015 - Baystreet.ca Armco Metals (NYSE MKT: AMCO) is an importer and distributer of metal ores, the company is also involved in steel recycling. Armco metals recently published the trading business update for the first quarter of the year 2015. Armco Metals has five subsidiaries; Armco Metals International, Armco Renewable metals, Armet Holdings, Henan Armco & Metawise Trading, and Armco Metals Holding. Henan Armco and Metawise Trading Co. Ltd., which is a subsidiary of Armco Henan, received sales orders of wood products worth $44 million in the first four months of the year. While, Armco Metals International Ltd., which is another subsidiary of Armco International, earned a sales contract in the steel industry valued approximately $3.6 million in January 2015. Both the subsidiaries have, in total, received orders amounting to $47.6 million in the first quarter of the year. The company has already received $10 million out of $47.6 million of its total trading business for the first quarter of year 2015. The company stepped into trading business of wood products in September 2014, and continues to expand the business in 2015. Henan Armco has a 10 years experience in the trading business. The company also has an excellent product sourcing and sales team. Henan Armco will sell different kinds of wood products to its clients in China. The products are worth approximately $44 million and will be shipped between February and June according to the agreement. Armco International purchased steel products from China and will re-sale it in Vietnam, in March 2015. Armco Metals CEO & Chairman, Kexuan Yao, gave credit of this success to Armco Metals’ business development team. He further said that the company stepped into the business of wood products in September 2014 and this quick success is a result of the company’s ability to respond to market changes swiftly. Platform model strategy is another factor that contributed to the company’s success. The management plans to implement this strategy in both trading and recycling business. Armco Metals’ management is confident that they will continue their journey in 2015 at the same pace. Armco Metals Holdings, Inc. is a company which deals in sales, distribution, and recycling of metal ores and non-ferrous metals throughout China. The company acquires raw material from different countries, including Brazil, India, Indonesia, Ukraine, and the United States. Their product line includes iron, chrome, nickel, magnesium, copper, and manganese ores. The company also deals in steel billets, non-ferrous ores, and recycled scrap metals. Some of the customers of Armco Metals Holdings, Inc. include fastest growing steel producing mills and foundries throughout China.