POINT ROBERTS, Wash., Dec. 7, 2005 (PRIMEZONE) -- www.China-AsiaStocks.com (CAS), an investor and industry news portal for the China-Asia sector, announces Puda Coal, Inc. (OTCBB:PUDC), a producer of clean coking coal used in the production of steel, as a new featured company. Puda Coal, specializing in cleaning and marketing China's top grade coking coal, has become China's leading supplier for the steel making industry.
Puda Coal operates in the Shanxi Province, a region that accounts for 20%-25% of China's coal output and 50% of China's coke production. According to the Company, Puda is establishing their competitive advantage through their key affiliations and strategic positioning. Puda has access to high quality raw coal through its connection with Jucai Coal (controls 60% of Liulin County's highest grade coking coal deposits), and have built significant relationships with major coke and steel making customers. In addition, the Company is strategically and geographically positioned in Shanxi's Liulin County, near a group of independent coke providers that supply 50% of China's coke and 80% of China's exported coke, with the extra benefit of having nearby rail line access.
"We have followed a strategy of securing the highest quality raw materials while making inroads with the most influential of industry manufacturers," said Puda Chairman and Chief Executive Officer Zhao Ming. "We are now very well positioned to capture the intense demand for the high grade coking coal helping fuel China's industrial revolution."
Puda is benefiting from the growing demand for steel production, which has increased 25% in the first seven months of 2005, as steel is a key component in China's rail systems, bridges, ports, airports, construction projects and car production, helping to drive China's economic growth. Puda Coal is rapidly expanding in order to meet the growing demand for steel, increasing coal cleaning capacity from 500,000 metric tons (MT) to 2.7 million MT by early 2006. Puda Coal continues to be Shanxi's lowest average cost producer through operating efficiencies, capacity expansion and processing know-how, which is contributing to their ability to secure key contracts with some of China's largest steel and coking coal manufacturers, according to the Company.
Release Translated: http://www.China-AsiaStocks.com/CAS/News/PUDC_CN.asp
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Featured Company: www.Puda-Coal.com (CAS is compensated as disclosed in disclaimer.)
Puda Coal Inc., (OTCBB:PUDC) through its affiliates and controlled entities, supplies premium grade coking coal to the steel making industry for use in making coke. The Company currently produces 1.1 million metric tons of cleaned coking coal annually, and management believes it is one of the largest suppliers of top grade coking coal in the Shanxi province of China. Shanxi province provides 20-25% of China's coal output and supplies nearly 50% of China's coke.
For more information on Puda Coal, Inc, click here: www.Puda-Coal.com or review their profile on: http://www.china-asiastocks.com/CO/PUDC/
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