October 11, 2008

Liangang posts strong growth during January to October 2007

It is reported that Liangang has actively responded to all kinds of challenge, including bulk raw materials prices continue to rise, rail transport tension, steel market fluctuations, the increased pressure on cost etc during this year and upheld the system maximization and structural adjustment simultaneously, vigorously promoted Lean management.

From January to October 2007, Liangang’s cumulative production of steel is 3.780 million tonnes, pig iron 3.550 million tonnes and coke 1.149 million tonnes. Its sales revenue reaches CNY 14.875 billion, profits before tax CNY 1.584 billion up by 34.11% and 3.93% respectively.