Sutor Technology Group Limited announced its subsidiary Ningbo Zhehua Heavy Steel Pipe Manufacturing Co Ltd won three contracts to supply approximately 4,000 metric tonnes of spiral seam steel pipes to three water transportation pipeline projects in Zhejiang Province. The contracts are valued at approximately USD 3 million. Deliveries of Company products are expected to begin in January 2014.
Ms Lifang Chen chairwoman and CEO of Sutor commented that “As a result of Ningbo Zhehua’s efforts to strengthen its capability of providing customized products and services for end customers, the company is able to gain access to more municipal projects related to water supply, waste water treatment and recycling of treated water. The recent series of bid wins of water transportation related projects demonstrated our success in product upgrading and in the company’s efforts to address heightened concerns on environmental issues in China.”
Ms Chen continued that “As environmental protection has become a top priority for the new Chinese leadership, we expect China’s green industry will take a prominent position in the years to come. Accordingly, Sutor’s operating subsidiaries, covering fine finished steel and steel pipe businesses, are undergoing a transformation in order to take advantage of the fast growing green industry. In addition to providing products for water-related projects, Sutor is striving to expand its market share in the air filtration and purification industry by supplying qualified fine finished steel products to relevant equipment manufacturers. We believe the versatility of our products and our commitment to meet market demands will enable us to significantly increase our competitiveness in the long term.”