Sutor Enters International Sales Agreements to Supply Coated Steel Sheets
02/21/2014 - A subsidiary of the Sutor Technology Group has entered into two international sales agency agreements targeting the Middle East and South American markets.
Sutor Technology Group Limited, a China-based manufacturer and distributor of high-end fine finished steel products used by a variety of downstream applications, announced that Changshu Huaye Steel Strip Co., Ltd., a subsidiary of Sutor, has entered into two international sales agency agreements with two sales agencies located in the Middle East market (covering Jordan and Iraq) and South American market (targeting Chile and Bolivia) to supply a total of 15,000 metric tons of coated steel coils annually. According to the agreements, the contracts are valued between approximately US$10 million and US$12 million subject to the products to be ordered.
Mr. Zhuo Wang, CEO of Sutor commented, "Both clients have been our loyal customers for more than three years. They have increased their purchase volume lately, which demonstrates our strong brand recognition and company reputation in these markets. For the last several years, our products have been exported to more than 30 countries and international sales usually enjoy higher gross margins than domestic ones. We will continue to strengthen our global presence by providing high-quality and diverse product offerings as well as expanding our distribution engagements with overseas sales agencies."
Sutor is one of the leading China-based manufacturers and distributors of high-end fine finished steel products used by a variety of downstream applications. The company utilizes a variety of in-house developed processes and technologies to convert steel manufactured by third parties into fine finished steel products, including hot-dip galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products.
Mr. Zhuo Wang, CEO of Sutor commented, "Both clients have been our loyal customers for more than three years. They have increased their purchase volume lately, which demonstrates our strong brand recognition and company reputation in these markets. For the last several years, our products have been exported to more than 30 countries and international sales usually enjoy higher gross margins than domestic ones. We will continue to strengthen our global presence by providing high-quality and diverse product offerings as well as expanding our distribution engagements with overseas sales agencies."
Sutor is one of the leading China-based manufacturers and distributors of high-end fine finished steel products used by a variety of downstream applications. The company utilizes a variety of in-house developed processes and technologies to convert steel manufactured by third parties into fine finished steel products, including hot-dip galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products.
