TNRO may bounce soon. i caught this a little later than i wanted but nothing has moved yet.
Press Release Source: Terra Nostra Resources Corporation
Terra Nostra Introduces High-Value 310S Grade Stainless Steel to Product Line-up
Wednesday February 6, 9:24 am ET
LOS ANGELES & ZIBO, China--(BUSINESS WIRE)--Terra Nostra Resources Corporation (OTCBB: TNRO - News), a majority owner of two joint venture companies in the copper and stainless steel industries in China, today announced that its stainless steel joint venture, Shandong Quanxin Stainless Steel Co. Ltd., is now manufacturing continuous cast 310S-grade stainless steel, with the first production order shipped in January. This grade of stainless steel is widely used in the chemical, power generation, military and petroleum industries.
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“Introducing 310S-grade stainless steel marks a further step in Terra Nostra’s strategy to produce more high-value products, thereby expanding the range of product grades we offer customers and increasing the mix of high-margin, less price-sensitive products. Given our continuous casting capability, this development also elevates our competitive standing among stainless steel producers in China,” said Mr. Sun Liu James Po, Terra Nostra’s chief executive officer. “We now have a distinctive edge over many other domestic producers to meet the rapidly growing end user demand for high quality grades of stainless steel that is generally being met by imports. In addition, our investment in advanced production technologies places Terra Nostra at the forefront of cost-efficient production that meets the latest environmental standards and gives us the platform to continue expanding our production to include round rod and welded pipe lines.”
310S (or 2520 in domestic market) belongs to the austenitic family of stainless steel materials, which is known for its combination heat resistant qualities, anti-corrosiveness, good ductility and weldability. It is mainly used for heat treatment projects and is applicable for special parts and components in a large variety of furnaces and burners. It has a maximum service temperature of 1200o F, and resists oxidation in continuous service at temperatures up to 1150o F.
Terra Nostra is also pleased to announce it has engaged Lippert/Heilshorn & Associates, a leading independent financial consulting firm specializing in representing small cap growth companies, to implement a comprehensive investor relations program including messaging, marketing to investors and analysts, strategic counsel and infrastructure support. Founded in 1985, Lippert/Heilshorn represents over 90 companies spanning diversified industrials, alternative energy, business services, telecommunications, semiconductor, consumer goods, healthcare and biotechnology sectors.
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AI
