Armco Metals Holdings is a provider of metal and non-ferrous metal ore sales and distribution solutions to companies who have occupied this space for over 10 years. In that time, Armco Metals Holdings has emerged as one of China’s leading metal recycling and metal distribution companies. AMCO’s emergence as an industry leader is linked to the company’s senior leadership, Mr. Kexuan Yao. Under Mr. Yao’s leadership, Armco Metals Holdings has seen a surge in its company growth over the past seven years. Subsequently, it has moved from being a foreign enterprise specializing in metal ore trading to an international corporate body with business activities within import, production, sales, and distribution operations.
As for sales, the company has developed sales relationships with over 100 small-to-medium enterprises involved in metal manufacturing and over 10 international metal suppliers from countries including South Korea, India, Australia, and Brazil. For its business operations, the company works through five subsidiaries: Armco (Lianyungang) Renewable Metals, Inc.; Armet (Lianyungang) Holdings, Inc.; Armco Metals International, Ltd.; Henan Armco & Metawise Trading Co., Ltd.; and Armco Metals (Shanghai) Holding, Ltd. Armco (Lianyungang) Renewable Metals, Inc. remains the company’s core business asset.
To help improve its customers’ businesses, Armco Metals Holdings offers complete metal sales and distribution solutions that save them time and money, as well as the environment. AMCO takes a proactive approach in its business relationships in an effort to understand its clients’ business models and challenges, and then devise specific metal recycling and metal distribution solutions that help them achieve their business goals. Armco Metals continuously reassesses its customers’ business needs and adjusts its approach as necessary to ensure their clients have every opportunity for success.
In its financial results for Q4 2013, company revenue increased 74 percent to $66.2 million from Q4 2012’s revenue amount. The improved performance was attributed to the company’s strong metal trading performance. In 2014 Armco Metals Holdings has also been focusing on expanding its foreign market reach. Recently it announced its stock purchase agreement with California-based Draco Resources, a company that focuses on exploration, mining, and trading of iron ore and minerals. Going forward, Armco intends to benefit from Draco Resources’ exclusive rights of management, operation, distribution, and sale of approximately five million metric tons of iron ore fine in the state of Alabama.
For more information about the company visit www.armcometals.com
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