QualityStocks would like to highlight
Armco Metals Holdings (
NYSE: AMCO), engaged in the sale and distribution of metal ore and non-ferrous metals throughout China, and the recycling business in China. Customers include some of the fastest growing steel producing mills and foundries throughout China. Raw materials are acquired from a global group of suppliers located in various countries, including, but not limited to, Brazil, India, Indonesia, Ukraine, and the United States. Armco Metals' product lines include ferrous and non-ferrous ore, iron ore, chrome ore, nickel ore, magnesium, copper ore, manganese ore, steel billet, and recycled scrap metals.
In the company’s news,
Armco Metals Holdings (AMCO) is a materials producer that has a long history of recycling, which is good for the planet. When you hear the words “green” or “environmentally friendly,” the image of a literal ton of steel isn’t likely to pop into your head, though the World Steel Association says the metal is “at the core of a green economy.”
Once steel is produced, it is a permanent resource with a virtually infinite life cycle and a material of superior strength, formability and versatility. Relative to a green economy, perhaps the most valuable characteristic of steel is that it can be recycled over and over again with no impairment to its natural properties.
Production begins with the extraction of raw material, which is then used to produce steel for use in a variety of industrial use before its end of life. An old washing machine may be sent to a recycling yard, its steel components recycled and integrated into a new car, which may wind up in a junk yard 50 years later and eventually recycled into Coke cans or used in the solar industry.
This endless recycling process reduces consumption of raw materials and energy, contributing to the world’s overarching green mission. Industry research shows that companies that utilize recycled scrap in their steel production experience numerous benefits, using up to 60% less energy and reducing air and water pollution by 86% and 76%, respectively.
This valuable cycle is big business for Armco Metals Holdings, one of China’s leading recycled scrap steel sales and distribution companies. For more than a decade, Armco metals has sourced and distributed metal and non-ferrous metal ore to China’s booming steel production industry, securing key industry relationships with metal producers worldwide.
Among Armco’s five subsidiaries is Armco (Lianyungang) Renewable Metals, Inc., located on 32 acres in the Jiangsu province. The company’s facility is home to the Texas Shredder Lindeman System, one of the most advanced recycling systems in the world. The Texas Shredder lives up to its name, automatically shredding, sorting and separating recycled scrap steel to process highest-quality material. With the Texas Shredder, Armco Renewable Metals is capable of processing 1 million metric tons of scrap metal each year.
Each of Armco’s five subsidiaries play a designate role in sourcing, importing, processing and distributing quality, environmentally friendly recycled scrap steel, as well as metal and non-ferrous metal ore to more than 100 small- and medium-sized Chinese steel production companies and some of the country’s large state-run foundries.
These subsidiaries work harmoniously in support of Armco’s corporate goal of becoming the largest scrap steel provider in China, building on a sound reputation of meeting the country’s needs for sustainable, responsible steel solutions.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
