Terra Nostra Resources Corp. (TNRO.OB) is a leading copper and stainless steel producer in China through its majority interests in two joint venture companies: Shandong Quanxin Stainless Steel Co. Ltd. and Shandong Terra-Nostra Jinpeng Metallurgical Co. Ltd. The company recently entered into an agreement to increase its majority ownership in both joint ventures from 51 percent to 90 percent.
Terra Nostra Resources Corp., through its subsidiaries, offers billets and strips of steel used in the automotive, aerospace and power generation industries. In addition, the company’s products are used in the manufacture of food handling, health and medical, chemical processing and pollution control equipment. Terra Nostra Resources Corp. is well positioned to become one of the 10 largest electrolytic copper producers in China. The company currently operates the second-largest stainless steel mill in Shandong Province of China.
Terra Nostra Resources Corp’s initial growth strategy is to focus on the domestic market in China and selectively pursue overseas markets for expansion. The company’s management team will consider acquisition opportunities in China’s copper and stainless steel industries. Additionally, the company will streamline production processes by implementing advanced technologies to move to the production of higher value-added products that offer more market flexibility.
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