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Sutor Wins Two Bids for Water Transmission Pipeline Projects
04/25/2013 - Sutor Technology Group's subsidiary Ningbo Zhehua Heavy Steel Pipe Manufacturing Co. has won two contracts to supply approximately 4,700 tonnes of spiral seam steel pipes for two water transmission pipeline projects in Fujian Province.
Sutor Technology Group Limited, a China-based manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, announced its subsidiary Ningbo Zhehua Heavy Steel Pipe Manufacturing Co., Ltd. has won two contracts to supply approximately 4,700 tonnes of spiral seam steel pipes for two water transmission pipeline projects in Fujian Province. The contracts are valued at approximately US$4.0 million. Deliveries are expected to begin in May 2013.
Lifang Chen, chairwoman and CEO of Sutor commented, "I am delighted that following an US$8.6 million bid we won earlier this month, Ningbo won two new bids to supply steel pipes for water supply projects. The latest wins demonstrate our success in targeting water transmission projects in Eastern China where "Zhehua" brand is highly recognized. Our state-of-the-art production lines and our expertise in manufacturing and supplying high quality spiral steel pipes to prestigious project contractors make Sutor the supplier of choice for our customers who demand stringent standards for product and services."
Ms. Chen concluded, "As a result of China's rapid economic growth in the past decade, water contamination and shortage has become an urgent issue in China. In an effort to secure pure drinking water supply while furthering industrialization and urbanization processes, the Chinese government has been providing incentives to public utility companies to upgrade and expand their water supply and water recycling systems across China. We believe that this system upgrade will be a significant revenue generator for our pipe business for several years."
Sutor is one of the leading China-based manufacturers and distributors of high-end fine finished steel products and welded steel pipes 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.
