China Direct, Inc. (AMEX: CDS), through its subsidiaries, operates as a management and consulting company in China. It’s a long journey from its home base in Boca Raton, Florida, but sometimes the grass is greener on the other side. Recognizing a growing number of Chinese businesses looking to plug into the United States capital markets, the company offers itself as a marketing resource for private companies in China. China Direct is also involved in the sale and distribution of industrial grade synthetic chemicals.
China Direct distributes products to industrial manufacturing and trading companies such as property developers, textile factories and pharmaceutical factories in eastern China. The products include paint, glue, plastics, textiles, leather goods and medical products. China’s growing industrial sector calls for magnesium by-products such as magnesium powder, magnesium scrap, magnesium alloy and more – all of which China Direct can deliver.
The company recently announced it has entered into a definitive agreement in which it will acquire 100% of Jixiang Mining. This acquisition will add mining, processing and distributing of concentrated zinc and lead to China Direct’s already extensive profile. The emerging company will be called CDI Jixiang Metal Industry. According to the statement, China is the largest producer and consumer of zinc and lead in the world.
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