Chiho-Tiande Group Limited (‘Chiho-Tiande’ or the ‘Company’, together with its subsidiaries, ‘the Group’, Stock code:976), is a Mixed Metal Scrap recycler specialized in recycling, reuse and processing of mixed metal scrap. We are the largest Mixed Metal scrap recycler in China in terms of the total import volume for Mixed Metal Scrap approved by the MEP and the actual import volume of Mixed Metal Scrap. Based on CRU Strategies’ assessment, China represents the world’s largest importer of copper waste and scrap, accounting for over two third of global total reported import volume of 8.2 million tones in 2008. According to the China Customs data, we are the largest importer of mixed copper based scrap in China in 2009. Here, we separate and demolish mixed metal scrap from motors, electric wires and cables and break them down into their respective metal constituents. We can achieve energy saving and producing far less waste through metal recycling.

Reviewing our development, the Group in accordance with credibility and with our strategy to judge the hour and size up the situation, we have building up a well-developed recycling procurement network, we are able to maintain the leading position in the mixed metal recycling industry.

In order to further enhance the value of Recycled Metal Products, we also engage in the foundry business which involves using our Recycled Metal Products, which involves the manufacture and sale of aluminium alloy ingots as well as copper rods and wires, i.e., the Foundry Products. In addition to the Recycled Metal Products and the Foundry Products, we also procure and on-sell other metal scrap procured by us to our customers without further processing, ie,. The wholesale products.
Our business segment may be broadly classified into three categories:

Metal recycling business     

Our Mixed Metal Scrap recycling, reuse and prossessing business involves the breaking-down, demolition and seperation of Mixed Metal Scrap such as motor scrap, electric wire and cable scrap into their respective metal constituents, comprising mainly copper scrap, steel scrap, aluminium scrap and iron scrap, i.e. our Recycled Metal Products. Our Recycled Metal Products are categorised and sold to metal manufacturers, which will further refine and process the metal scrap for a variety of applications used in the metallurgy, machinery and electrical industries.
  

Foundry business

Our foundry business involves the manufacture and sale of aluminium-alloy ingots and copper rods and wires which have a wide range of applications including automobile and electronic accessories. In line with our business strategy of expanding our product range, we commenced commercial production of copper rods and wires using our recycled copper scrap materials from September 2009. For our foundry business, we plan our production for each month based on our marketing department’s assessment of the demand for aluminium-alloy ingots and copper rods and wires for the following month. Most of our aluminum-alloy ingots are produced according to the Japanese Industry Standards, such as standards ADC 12, 10 and 6, and a small portion of our aluminum-alloy ingots is produced according to our customers’ specified requirements. Our copper rods and copper wires are produced according to our customer’s requirements.

Wholesale business

Our wholesale business involves the procurement of metal scrap without processing and on-selling them to our customers.