SUTR || Huge News Out Yesterday Sutor Technology
Post# of 144503
Sutor Technology Group Limited to Supply New Products to SAMSUNG Group 1 days 6 hours 15 minutes ago - PR Newswire via Dow Jones News CHANGSHU, China, March 4, 2014 /PRNewswire-FirstCall/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR), a leading China-based manufacturer and distributor of high-end fine finished steel products used by a variety of downstream applications today announced that Changshu Huaye Steel Strip Co., Ltd., a subsidiary of Sutor, has entered into a supply contract with SAMSUNG Group to supply a total of 6,500 metric tons of aluminum-zinc alloy coated steel (also known as Galvalume). The contract is valued at approximately $5.2 million. According to the contract, the goods will be shipped to Samsung's operating base in Brazil and the delivery is expected to begin in mid April 2014.