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(AMM) China Armco's yard debuts after delay from power glitch

July 29, 2010 - 20:31 GMT Location: New York

KEYWORDS: China Armco Metals , scrapyard , China

China Armco Metals Inc.'s new scrapyard in China's Jiangsu province is up and running following a delay in getting electricity from the utility in the Lianyungang enterprise zone.

Scrapyard shipments in the second quarter totaled roughly 10,000 tonnes, the company said Thursday.

"With the contracts, materials, manpower and equipment in place and operational, we now are in a position to realize our growth potential," Kexuan Yao, chairman and chief executive officer, said in a statement.

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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