China Armco Metals Commenced Shipments of Metal From Its Recycling Facility in June of 2010

- August 2nd, 2010

China Armco Metals, Inc. (NYSE Amex: CNAM) announced that Armet Renewable Resourced Co., Ltd., the Company’s wholly owned subsidiary, commenced shipments of metal from its recycling facility in June of 2010.

China Armco Metals, Inc. (NYSE Amex: CNAM) announced that Armet Renewable Resourced Co., Ltd., the Company’s wholly owned subsidiary, commenced shipments of metal from its recycling facility in June of 2010.

The press release is quoted as saying:

The second quarter shipments, totaling approximately 10,000 metric tons, represent the first quantity of end products produced and sold out of the new facility. The facility experienced a delay in ramping production in the second quarter due to power generation issues at the recently completed electric utility company in the Lianyangang enterprise zone which provides power to the area. As those issues have been resolved, management sees production at the facility ramping significantly in the third and fourth quarters as the company looks to deliver on its current supply contracts.

Click here to access the entire press release

Click here to access China Armco Metals, Inc. Corporate Site

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