Before the bell today, Terra Nostra announced that they have shipped 304 grade stainless steel billets in order to fill a $30 million dollar contract. The company is not finished however because of other contracts detailing they must produce 600 Metric Tonnes (“MT”) of 304 stainless steel billets every month for one year.
Mr. Sun Liu James Po, Chief Executive Officer, stated that the extensive testing and trial production is validated by the company’s ability to deliver a product of international standards to a world class customer.
The revenue expected from the contract is expected to triple the Terra Nostra’s total revenues in the coming fiscal year. The company is well on its way to meeting it’s revenue goals.
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