The addition of the new machines will help the company increase overall throughput in the second half of 2010 as it seeks to fulfill the existing and anticipated demand.
The expanded production capacity of the facility, which generated its first production revenue in the second quarter of 2010 after an initial testing phase, is expected to deliver for the company in the coming quarters.
China Armco Metals CEO and chairman Kexuan Yao said, “We have invested substantial resources in the launch of our scrap metal operations and have spent several months completing testing, securing necessary government approvals, and procuring raw materials.
“In an effort to meet current and anticipated demand levels for the remainder of 2010 and beyond, we have added this equipment and intend to use every resource at our disposal to expeditiously grow this business.”
