The Company is doing well, I think it is time to buy From the latest announcement, at long last production and sales:
Over the last 10 months HNKWE has made significant progress and is now producing generic magnesium alloys at a
rate of 6,500 metric tonnes per annum (mtpa). The company has developed markets for this production in China
through our own domestic sales force and internationally through a marketing agreement with Arrandene MFG.
Construction of a second alloy production module, due for completion in mid-July 2010, will enable us to further
reduce average production costs, raise general plant efficiencies and increase production to 13,000 mtpa. At the same time a small capacity plant will be installed to produce trial quantities of AML?s proprietary alloys.
AML is also developing revenues from electroplating activities in China. Sales of chemicals to electroplating
companies using AML?s proprietary AM Coat technologies are rising from a low base. This business unit is already
self-funding and is expected to make a modest profit in the current financial year. We believe that there are significant market opportunities for this technology and there are a number of projects reviewing AM Coat processes in China and Europe.
AML?s other technologies are benefitting from a renewed enthusiasm for magnesium alloy among auto manufacturers
in Europe and North America. Government environment policies, designed to increase fuel efficiency, are encouraging
major automotive firms to further examine the virtues of lightweight magnesium alloys in automotive applications.
In addition to automotive ?lightweighting?, AML?s other licensed technologies are also in trials in countries around the World.
The Company is doing well, I think it is time to buy From the...
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