Yulin Tianlong Magnesium Industry visits Asian Metal

On the afternoon of Jan 18th, 2013, Daniel Chu, marketing director of Yulin Tianlong Magnesium Industry Co., Ltd. visited Asian Metal. Bruce Zhang, general manager of minor metal in Asian Metal, and Daphne Zhang, magnesium market analyst of Asian Metal welcomed Daniel Chu. The three discussed the current situation of magnesium industry.

Yulin Tianlong Magnesium Industry Co., Ltd. (Tianlong Magnesium for short) is founded in 2001 and located in Wenlihe Industrial Park in Fugu coal mining development zone, which is the national energy and heavy chemical industrial base. It is a private-operated joint-equity cooperative enterprise of energy conservation, environmental protection and high efficiency, focusing on magnesium, ferrosilicon and pure coal production and sales, as well as resource comprehensive utilization, product correlation and development pattern of industrial chain. The company, with RMB50 million of registered assets and covering 200mu of land floor including production area, living quarter and office area, has a ferrosilicon production line 2*12,500KVA, a magnesium production line of 42,500tpy, a semi-coke production line of 300,000tpy and magnesium alloy production line of 45,000tpy. Annual output value can reach RMB650 million and profit tax reaches more than RMB100 million. It has around 350 sets of various equipments and 18 departments in total, offering 850 jobs. End products are sold not only to major domestic metal processing areas, but also to Europe, North America, Middle East, Australia, Japan South Korea and India.

Bruce Zhang put forward views to the transfer of advantages in magnesium industry, and also pointed out that innovation is a significant corporate strategy to the development of enterprises. In addition, about the current market state, all of them thought that price of magnesium ingot will keep stable before Spring Festival Day, and buyers have intention to make replenishments during current time, stable demand from domestic and overseas markets will continue in magnesium industry. Meanwhile, Asian Metal will hold 2nd Magnesium Summit in Hangzhou, China this March 20-22nd. Daniel Chu promised that he will make an report for this summit, and he will make good preparation for it.

After the visit, Asia metal had dinner with Daniel Chu.