CHANGSHU, China, June 4, 2012 /PRNewswire-Asia-FirstCall/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR), a leading China-based non-state owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, today announced that it has successfully developed self-cleaning pre-painted galvanization steel plate (PPGI) products used by large solar energy companies in China.
The self-cleaning PPGI products are featured with improved hydrophilic property and anti-contamination ability. Dust and other contaminants existing on the surface of these products can be washed away by rain. Although similar products have been used for the construction industry, Sutor improved and tailored the products for a large scale use by the solar energy industry. They are typically used to manufacture storage tanks of solar water heaters and related parts.
Ms. Lifang Chen, Chairwoman and CEO of Sutor, commented, "The introduction of the self-cleaning PPGI steel plate for the solar energy industry demonstrates our ability to produce high-end products to meet the needs of industry upgrading in China. As the only research center dedicated to fine finished steel research in Jiangsu Province, we will continue to capitalize on our leading position in the fine finished steel sector and develop new products to meet the growing consumer needs."
About Sutor Technology Group Limited
Sutor is a leading China-based non-state-owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications. The Company utilizes a variety of in-house developed processes and technologies to convert steel manufactured by third parties into fine finished steel products, including hot-dip galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products. These products are used for household appliances, solar water heaters, automobiles, information technology, construction, and other applications. Currently Sutor has four operating subsidiaries located in two provinces with 12 major production lines capable of processing approximately 2 million metric tons of steel products annually. To learn more about the company, please visit http://www.sutorcn.com/en/index.php.
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