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Growth Strategies
- Expand production capacity to address existing and growing market demand. Implement advanced information technology, financial reporting and other management systems to improve revenue performance, asset utilization, operating efficiency, and profitability
- Continue to implement strict cost control measures to maintain cost competitiveness and improve return on assets
- Continue R&D to develop new applications for the iron and steel industry, including leveraging its relationship with the China Science Academy. The company spent approximately $0.8 million on R&D during 2007 and recorded $0.6 million in expenses during Q2 of 2008.
- Continue to win business and grow revenues for the Company’s existing and new products through increased distribution both domestically and in the future, internationally.
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