Armco Metals Holdings Inc. AMCO Archives

ThursdayJun 26, 2014 1:37 pm

Armco Metals Holdings, Inc. (AMCO) Takes Multi-Faceted Approach to Capitalize on China’s Booming Steel Industry

Armco Metals for more than a decade has diligently worked to become one of China’s leading recycled scrap steel sales and distributions companies, forming synergistic relationships with key industry players around the world and rising to meet green initiatives. Under the leadership of CEO Kexuan Yoa, Armco has experienced considerable growth in the last seven years, advancing its mission to become the largest, most efficient recycling company in the world’s top steel producing nation. In 2013, China contributed 48.6% of global steel output, leading the world’s total steel production of 1.607 million metric tons. According to the World Steel Association,…

ThursdayJun 19, 2014 8:39 am

Armco Metals Holdings, Inc. (AMCO) is Dedicated to Environmentally Friendly Business Practices

As one of the key metal recyclers in China, Armco Metals Holdings is redefining what it means to act responsibly in regards to the world in which it operates, the companies with which it does business, and the customers it services. The company is dedicated to finding sustainable, dependable and environmentally solutions for the specific needs of the Chinese steel industry. Armco processes up to one million metric tons of scrap steel each year. The resulting products have helped reduce pollution and save energy, and the company has the numbers to prove it. According to Armco’s website, recycled scrap requires…

WednesdayJun 11, 2014 6:28 pm

Armco Metals Holdings, Inc. (AMCO) Prepared to Scale Business with New Credit Approval and Green Light on Valuable Scrap Commodities Import

Over the past decade, Armco Metals has steadily evolved from a foreign enterprise into a global powerhouse of imported metal ore and metal recycling. As one of China’s largest metal recyclers, Armco Metals has established and enjoys strong customer relationships with some of the fastest growing steel producing mills and foundries. More than 100 small-sized and medium-sized metal manufacturing enterprises are partnered with Armco Metals for their product needs. Armco Metals has a growing product portfolio, which includes ferrous and non-ferrous ore, iron ore, chrome ore, nickel ore, magnesium, copper ore, manganese ore, steel billet, and recycled scrap metals. For…

WednesdayJun 04, 2014 9:26 am

Armco Metals Holdings, Inc. (AMCO) Obtains Gov’t Approval for Annual Import of 20,000 Metric Tons of Restricted Materials

Today before the opening bell, Armco Metals reported its subsidiary, Renewable Metals, Inc., had obtained a restricted materials import approval from the Environmental Management of the Solid Waste in China. The approval enables Renewable Metals to import up to 20,000 metric tons of a range of materials on an annual basis. These materials include: steel-based scrap, copper-based scrap, and aluminum-based scrap. Renewable Metals has been taking steps in recent years to improve its operations so it could obtain this governmental approval. The receipt of approval represents a significant company development for Armco Metals. It will now be able to import…

TuesdayMay 27, 2014 6:32 pm

New Contracts and Acquisition Will Strengthen Cash Position of Armco Metal Holdings, Inc. (AMCO)

Armco Metal Holdings has entered into a stock purchase agreement to acquire 100% of Draco Resources for about $46 million. Draco Resources is a wholly owned subsidiary of Metawise Group, and it explores, mines, and trades mineral resources such as metallurgical coal, iron ore, chrome ore, and manganese ore. Acquisition of Draco will help Armco generate substantial cash flow. Metawise has rights to sell approximately 5 million metric tons of iron ore fines from its facility in Theodore, Alabama. Metawise has entered into a commodity distribution agreement with Draco Resources. Through this agreement, Draco will purchase iron ore fines from…

WednesdayMay 21, 2014 9:38 am

Armco Metals Holdings, Inc. (AMCO) Receives $15 Million Credit Approval from Chinese Commercial Bank

Today before the opening bell, Armco Metals Holdings announced its reception of a $15 million (RMB 96 million) credit facility from a Chinese commercial bank. According to Armco Metal Holdings’ credit approval letter, $7.5 million can be used for general purposes such as Import Letters of Credit and Import Bill Advances. The remaining $7.5 million is allowed to be used for special business purposes such as secured business loans. The credit facility took effect on May 16, 2014 and is in effect for a 12-month period. It replaces the previous credit facility of $12.7 million (RMB 78 million) that Armco…

FridayMay 16, 2014 9:49 am

Armco Metals Holdings, Inc. (AMCO) Inks Scrap Steel Distribution Agreement with TEWOO Metals

Armco Metals Holdings, a distributor of imported metal ores and a steel recycler in China, announced today that its Armco (Lianyungang) Renewable Metals, Inc. subsidiary has entered into a steel scrap distribution contract with TEWOO Metals International Trade Co., Ltd. TEWOO Metals is the largest state-owned enterprise in Tianjin that engages in domestic and international trading, distribution, machining, delivery and E-commerce of metals and industrial commodities. With registered capital of 700 million RMB, TEWOO Metals was established in May, 2006 through the merger of three companies; Tianjin Metal Material Company, Tianjin Xiantong Material & Trade Co. Ltd., and Tianjin Hopetone…

ThursdayMay 15, 2014 9:47 am

Armco Metals Holdings, Inc. (AMCO) to Review Q1 Results via Conference Call on May 20, 2014

Armco Metals Holdings, distributor of imported metal ore and metal recycler, today announced that it will release its first quarter end 2014 financial results on Tuesday, May 20, 2014. The conference call will take place at 5:00 pm. EST on Tuesday, May 20, 2014. To attend the call, please use the dial-in information below. When prompted, ask for the "Armco Metals call." You will be asked to provide your conference ID. Conference details are as follows: • Date: Tuesday, May 20, 2014 • Time: 5:00 p.m. Eastern Time, US • Conference Line Dial-In (U.S.): 1-877- 407- 9210 • International Dial-In:…

TuesdayMay 13, 2014 5:06 pm

Armco Metals Holdings, Inc. (AMCO) Continues to Make Itself Indispensable in Supply-Strapped Chinese Market for Recycled Steel

Armco Metals has been steadfastly hammering out a growing empire in Chinese metal recycling and ore importation over the past decade, subsequently establishing sales relationships to some of the most successful, growth-oriented steel foundries and mills in the business today. With a portfolio of products that range from ferrous/non-ferrous ores, including iron, chrome, copper, magnesium and nickel, to steel billet and recycled scrap metal, AMCO sources its product line from a growing global supply network encompassing locations in Brazil, India, Indonesia, Ukraine, the U.S., and beyond. Currently one of the biggest metal recyclers in China, AMCO prides itself on establishing…

TuesdayMay 06, 2014 9:23 am

Armco Metals Holdings, Inc. (AMCO) China Emergence Offers Promise of Metal Recycling and Distribution Solution Growth

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…

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