OREANDA-NEWS. November 02, 2009. SAT & Company (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

SAT & Company is announcing it closed deals and acquired shares in three ferroalloy plants in China.

SAT & Company's subsidiary SAT Sino FerroAlloy Ltd. (BVI) acquired from Chinese Tianjin Jinsheng Metallurgical Products Co., Ltd. 51% shares in Taonan City Jinsheng Metallurgical Products Co., Ltd., Ulanhot Jinyuanda Heavy Chemical Industry Co., Ltd. and Baicheng Jinsheng Nickel Industry Co., Ltd.

Besides, SAT Sino FerroAlloy Ltd., jointly with Tianjin Jinsheng Metallurgical Products Co., Ltd. Established a joint trade venture Jinsheng SAT (Tianjin) Commercial & Trading Co., Ltd. having acquired a 51 % share in the company.

Taonan City Jinsheng Metallurgical Products Co., Ltd., is a high quality manganese based ferroalloys producer in China. The plant employs five electrical furnaces with 47 th ton annual capacity. The plant is producing high-, middle- and low-carbon ferromanganese and silico-manganese.

Ulanhot Jinyuanda Heavy Chemical Products Co., Ltd. is located in Ulan-Hot, Inner Mongolia (China) and has three electrical furnaces with 68 th ton overall annual capacity. The plant is producing silico-manganese SiMn 65/17 and low-and mid-carbon ferromanganese.

Baicheng Jinsheng Nickel Industry Co., Ltd. is ferronickel and ferrochrome plant. Baicheng Jinsheng is equipped with a modern fully automated production line with 60 th ton capacity. The plant was commissioned in September 2009, production started October 20, 2009.

Trade company Jinsheng SAT (Tianjin) Commercial & Trade Co., Ltd. is operating the plants and selling production.

The plants have modern equipment. Equipment of Ulanhot Jinyuanda Heavy Chemical Products Co., Ltd. and Taonan Jinsheng Metallurgical Products Co., Ltd. and updated in 2004 through 2009. Baicheng Jinsheng Nickel Industry Co., Ltd. is built with use of last high automating and environment protection technologies.

The plants are environmentally safe and fitted with filters minimizing negative impact on the environment.

Acquisition of assets in China opens a large market for SAT & Company and is a part of strategical development of the group. In 2010 the plants will produce 179 th tones ferroalloys providing RMB1.29 bn (USD188 m) sales revenues.