Information on the Coke Business Sample Clauses

Information on the Coke Business. The Coke Business' main product, metallurgical coke, is sold mainly to steel manufacturers and its by- products namely, (i) coal gas is sold to ceramic manufacturers and (ii) tar (light oil), crude benzene and ammonia are sold to chemical manufacturers. Metallurgical coke is the key raw material used in blast furnace smelting process for the steel industry. The Coke Business' history can be traced back to 2000 whereby two (2) individuals namely, Xxxxx Xxxxxxx and XXX teamed up to set-up a coke trading business. On 4 April 2001, the Coke Business was corporatised through the establishment of Linyi Mengfei Commerce and Trade Co., Ltd ("Mengfei"). On 1 June 2004, the Coke Business under Xxxxxxx was transferred to Jiangshun to facilitate the downstream expansion of the Coke Business into the production of metallurgical coke. On 1 July 2005, the Coke Business was transferred to Yehua pursuant to the Assets Transfer Agreements. Currently, the Coke Business has two (2) production lines with an annual design production capacity of approximately 1.2 million tonnes of metallurgical coke and is located in Shandong Province, PRC.
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