China's largest manufacturer of high speed steel and China's leading manufacturer of high speed steel cutting tool and die steel tiangong international co., LTD. (" tiangong international "or" group ", stock code: 826. HK) readily announced that group from the United States the biggest work die steel buyers SB company with about 5000 tons of steel orders, involves the amount about $13 million (about HK $101 million).
Despite the global economic challenges in recent years, but the tico international foreign trade exports soared, 1-2013 to export $150.34 million in October, year-on-year growth of 18.4%. So far, in particular, characterized by international has achieve the aim of orders in the first half of 2014, for the group to achieve double-digit sales growth next year laid a solid foundation, makes group's leadership in the work die steel industry in China.
From the tico international financial audit, according to a report in the first half of this year, total revenue from the steel is about 598.9 million yuan, about 36% of group revenues, become its largest source of revenue. In the export of 25.3% driven by strong growth in steel sales rose to about 47000 tons, a remarkable growth of 20%. As the growth of the steel export to continue a tremendous achievement, group's future results on to the next level, to create better returns for shareholders.
Characterized by the international investment of $6.25 million in 2010, buy SB a 20% stake in the company, explore the overseas market is an important step for it. By SB company in the United States influence, in the field of special steel group in recent years, the export business to realize leap-forward development, promote the sustainable business growth.
