PANGANG GROUP INTERNATIONAL ECONOMIC&TRADING CO., LTD.

Pangang Group International Economic & Trading Corporation Ltd.(PIETC) is wholly owned by Panzhihua Iron & steel Group Company and is also a specialized corporation engaged in both the domestic trade, overseas trade and international economic cooperation. The business scope includes metallurgical raw materials, steel products, vanadium products, titanium products, mechanical and electrical equipments, automobile trade, bidding agency, etc. It is established by incorporating Pangang's marketing resources. The registered capital is five hundred million RMB and the employee is three hundred and eight. PIETC is established under the basis of former Pangang Group International Economic & Trading Corporation and Pangang Sales Department and has already set up the sales network which covers the main markets both in China and the world. Under the basis of its own and parent company's advantage in technology, product, service and international trade, the corporation has built long term and extensive marketing cooperation relationship and strategic partnership with the customers. The import and export volume in 2005 has amounted to five hundred million USD, and the sales income has reached twelve point five billion RMB. PIETC, which is the core enterprise for Pangang to develop its trade industry, will reconstruct, optimize Pangang's trade and related industry resources and cultivate its particular core competitive capability by using modern management and information technology, and provide quality and reliable value added service and support for Pangang's vanadium and titanium key industry and other industry, so does the other social customers to improve Pangang's overall competitive capability. The Corporation is aiming to develop itself into a trade circulating corporation which is lead in the west of China, with international competitive capability in the fields of steel, vanadium and titanium industry in next three or five years.

China

Crude Steel Producer (BOF, EAF, Mini Mill, Induction Furnace)

http://www.pietc.com