DANYANG, China, Nov. 17, 2010 /PRNewswire-Asia/ -- Lihua International, Inc. ("Lihua" or the "Company"), a leading Chinese developer, designer, and manufacturer of low cost, high quality alternatives to pure copper products, including refined copper products and superfine and magnet wire, as well as copper clad aluminum ("CCA") wire, today announced that its Chairman and CEO, Mr. Jianhua Zhu, was a featured presenter at the 6th Annual World Scrap Metal Congress held in Shanghai, China, on November 11, 2010.
The conference, sponsored by the Shanghai Non-ferrous Metal Industry Association, featured presentations from industrial, government and academic leaders on global trends and opportunities in the scrap metals industry, the current supply-demand environment and the industry's outlook for the future.
During his presentation, Mr. Zhu discussed the current state of China's copper industry, the catalysts driving the growth of China's copper industry, as well as the increasingly important role recycled copper products such as Lihua's will play as this market continues to expand.
"It was an honor to present to renowned figures in the global scrap metals industry at this prestigious event," said Mr. Zhu. "We are proud to be at the forefront of China's emerging market for recycled copper products as a result of our industry-leading technology and strong, broad-based customer relationships. This market is growing tremendously, and we remain committed to expanding capacity as well as driving continued innovation to capture the significant opportunities that exist in the markets in which we operate."
About Lihua International, Inc.
Lihua, through its two wholly-owned subsidiaries, Lihua Electron and Lihua Copper, is a leading value-added manufacturer of copper replacement products for China's rapidly growing copper wire and copper replacement product market. Lihua is one of the first vertically integrated companies in China to develop, design and manufacture lower cost, high quality alternatives to pure copper magnet wire and pure copper alternative products. Lihua's products include CCA and pure copper products. Current product offerings include CCA and copper wire, copper rod and copper anode. Except for CCA wire, all other products are produced from recycled scrap copper. Lihua's products are sold in China either directly to manufacturers or through distributors in the wire and cable industries and manufacturers in a wide variety of industries including the consumer electronics, white goods, automotive, utility, telecommunications and specialty cable industries. Lihua's corporate and manufacturing headquarters are located in the heart of China's copper industry in Danyang, Jiangsu Province. For more information, visit: http://www.lihuaintl.com/.
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Safe Harbor Statement
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, statements about its business or growth strategy, general industry conditions including availability of copper or recycled scrap copper, future operating results of the Company, capital expenditures, expansion and growth opportunities, bank borrowings, financing activities and other such matters, are forward-looking statements. Although the Company believes that its expectations stated in this press release are based on reasonable assumptions, actual results may differ from those projected in the forward-looking statements.
Please note that information in this press release reflects management views as of the date of issuance.
Contacts: Lihua International, Inc. Daphne Huang EVP of Corporate Finance and Director of Investor Relations (516) 717-9939 daphne.huang@lihuaintl.com The Piacente Group, Inc. Investor Relations Brandi Floberg or Lee Roth (212) 481-2050 lihua@tpg-ir.com
Lihua International, Inc.
CONTACT: Daphne Huang, EVP of Corporate Finance and Director of Investor
Relations of Lihua International, Inc., +1-516-717-9939,
daphne.huang@lihuaintl.com; or Brandi Floberg or Lee Roth, both of The
Piacente Group, Inc., Investor Relations, +1-212-481-2050, lihua@tpg-ir.com
Web Site: http://www.lihuaintl.com/
