Pingxiang Iron and Steel Co., Ltd Ningbo Branch boosts marine economy
- Details
- Category: Ningbo Business
- Published: Monday, 29 October 2012 08:56
Pingxiang Iron and Steel Co., Ltd Ningbo Branch, one of China Foreign Trade Enterprises Top 500 donated 10,000 yuan to Ningbo Enmei Welfare Center to improve children’s living and learning conditions on Oct 23. The money was originally planned for the company’s tenth anniversary.
Pingxiang Iron and Steel Co., Ltd Ningbo Branch is a great achievement of Ningbo’s attracting investment efforts. In 2002, the company’s headquarters in Hong Kong set up its first branch in mainland in Ningbo’s free trade area. Since then, the Ningbo branch has developed itself into a company with a chain of international trade, finance, logistics, storage and shipping as well as purchasing and selling in a unity relying on its main business of raw iron and steel materials.
Over the past decade, the company has been granted many awards such as Ningbo’s top 100 tax-paying enterprises etc. In 2011, the company imported more than 10 million tones of iron ores and supplied enough materials to iron and steel countries. The annual sales volume broke the threshold of 10 bln yuan, among which import trade volume accounted for 1.1 bln yuan. It ranked the 293rd place in the list of China Foreign Trade Enterprises Top 500, the fourth higher place among all the Ningbo companies on the list.
The manager of the company said that it would keep developing its import-oriented international industrial train and contribute more to the development of Ningbo’s marine economy from this year on.
