China Gerui Advanced Materials Group Ltd.

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China Gerui Advanced Materials Group Ltd.
Public
Traded asNASDAQ: CHOP
ISIN🆔
IndustrySteel & Iron
Founded 📆2000
Founder 👔
Headquarters 🏙️,
Zhengzhou City , Henan Province
,
the People's Republic of China
Area served 🗺️
Key people
Mingwang Lu ( Chief Executive Officer, Chairman)
Edward Meng( Chief Financial Officer)(Dec 31, 2012)
Products 📟 steel products
Revenue🤑 $ 183.51M (Sep 30, 2013)
Members
Number of employees
1,070 (Sep 30, 2013)
🌐 Websitewww.geruigroup.com
📇 Address
📞 telephone

China Gerui Advanced Materials Group Ltd.(河南鸽瑞复合材料有限公司) (NASDAQ: CHOP), a contract manufacturer of strip steel products, was founded in 2000 and is now headquartered in Zhengzhou City, Henan Province, the People's Republic of China. The company engages in food and industrial packaging, construction and household decorations, electrical appliances, and telecommunications wires and cables industries. The company owns two subsidiaries—Henan Green and Zhengzhou Company. China Gerui Advanced Materials Group Limited was first set up as Golden Green Enterprises Limited and changed the name in December 2009 when traded on the OTC Bulletin Board.[1][2]


History[edit]

  • 2000 - Golden Green Enterprises Limited was founded
  • 2009 - Golden Green Enterprises Limited changed its name to China Gerui Advanced Materials Group Ltd..The company merged with China Opportunity Acquisition Corporation. In the same year, the company traded on OTC Bulletin Board and NASDAQ

[3]

Products & Services[edit]

There are 5 series and more than 20 types of steel products, most of which are ultra-thin, high-strength (thickness: 0.05—600mm, tolerance: +/-0.003 mm).[citation needed] The raw materials used in manufacture come from Japan, South Korea, the European Union and the United States. China Gerui also makes some customized products.[4][5]

Operations[edit]

Managerial Practices[edit]

Mingwang Lu currently serves as the CEO and the Chairman of the company. Here is a list of China Gerui Advanced Materials Group Ltd.'s senior officers and directors (2012.12):

  • Mingwang Lu Chairman of the Board, Chief Executive Officer
  • Edward Meng Chief Financial Officer
  • Harry Edelson Director
  • Yi Lu Director
  • J. P. Huang Independent Director
  • Yunlong Wang Independent Director
  • Kwok Keung Wong Independent Director

2013.2.26, Henan Green Complex Materials Co., Ltd. (Henan Green) acquired 100% ownership of Zhengzhou No. 2 Iron and Steel Company Limited (Zhengzhou Company).[2]
In May, 2013, China Gerui Advanced Materials Group Limited retained Cambelle-Inland, which is an investment firm led by Craig T. Bouchard, to advise the Company on strategic planning and its expansion into global markets.[6]

Research & Development[edit]

2013.1, China Gerui Advanced Materials Group Limited introduced a new laminated steel processing line and was estimated to put into use in the second quarter of 2013. The new processing line was focused on markets of food and beverage packaging, electrical appliances, and construction and decorations.[7]

Awards[edit]

  • China Gerui Advanced Materials Group Ltd. was awarded the certification for high-tech enterprise in Henan Province in 2002
  • China Gerui was hornored the “Henan Province Hundred Excellent Enterprises”in 2008[3]

References[edit]

  1. "Business Summary".
  2. 2.0 2.1 "Description".
  3. 3.0 3.1 "Corporate History".
  4. "CHOP Products".
  5. "COMPANY FULL DESCRIPTION". Reuters.
  6. "China Gerui Advanced Materials Group Limited Retains Cambelle-Inland to Assist with Global Growth Strategy".
  7. "China Gerui Advanced Materials Group Limited Announces Introduction of a New Laminated Steel Processing Line".

External links[edit]


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