China Armco Sees Jiangsu Province Power Restrictions to Meet Annual Central Government Energy Usage Targets Negatively Impacting Its Operations

SAN MATEO, CA–(Marketwire – September 10, 2010) –  China Armco Metals, Inc. (NYSE Amex: CNAM), a distributor of imported metal ore and a metal recycler with a new state-of-the-art scrap metal recycling facility in China, today announced that the Jiangsu Provincial Government has scheduled rolling blackouts in September for the Lianyungang enterprise zone where its wholly owned subsidiary, Armet Renewable Resourced Co., Ltd., operates its metal recycling facility. The power restrictions are being initiated by the province to meet annual central government industrial energy usage targets.

Further information:

Article source

You can leave a response, or trackback from your own site.

Leave a Reply