Annual Revenue of Canghuan Copper, Gold Dragon Group Hit RMB1.2 Billion in 2009

According to Golden Dragon Precise Copper Tube Inc., Jiangsu Huancang Copper Co., Ltd.,under the group, topped the revenue list of Chengxiang Town, Taicang City with RMB1.2 billion in 2009, becoming the first with over 1 billion revenue among the 18 100-million-club members.

It was learned that over 30,000 tons of products were sold by Canghuan Copper in 2009; despite the slump of copper price, the sales revenue was RMB400 million higher than the 800 million in 2008.

It was learned that 20 R&D projects were completed, 46 tests organized and 12 specifications tested at Zhuhai Longfeng Precise Copper Tube Co., Ltd. under Golden Dragon Precise Copper Tube Inc. in 2009. The independently developed light-weight inner threaded copper tube was 2g/m lighter, with 15% higher thermal conductive performance. ZHuhai Longfeng has been taking the lead in the South China market by being committed to R&D and reserves. The innovative products were favored by Midea and Galanz.