News Focus
News Focus
icon url

CaesarStone

12/06/06 3:04 AM

#205444 RE: CaesarStone #205438

Posted By: Airys418

Petar was the one who approached the Suljas with the deals he has going in the ME because it made sence to have them as the suppliers. Peter has about 100 million tons in allocations on cement. His projects in Abu dahbi will not start for about a year and a half.

If he doesn't use those allocations, he could lose them. So what did he do? He simply gave them to Sulja. Basically, he awarded those allocations to Sulja, which gives us the opportunity to make $1.00 per metric ton. He doesn't make a dime, it's all ours. He knows Sulja can sell 100 million tons in a year with the ME deals by going through the people he knows in the region. When he needs the allocations for the beginning of his projects, he can get them from Sulja. In other words, what's good for Kore is good for Sulja.

Hang on, more to come...

"We are stating to our shareholders that SLJB is actively pursuing long-term contracts to provide building materials worldwide. We have secured 100 million metric tons of cement for distribution and are in negotiations with qualified buyers who have already demonstrated the ability to meet our stringent criterion for purchasing this product"




icon url

CaesarStone

12/06/06 4:44 PM

#206590 RE: CaesarStone #205438

100 million metric tons of cement

"We are stating to our shareholders that SLJB is actively pursuing long-term contracts to provide building materials worldwide. We have secured 100 million metric tons of cement for distribution and are in negotiations with qualified buyers who have already demonstrated the ability to meet our stringent criterion for purchasing this product"

A Ton is a unit of weight equal to 2,240 pounds which is equal to (1.016 metric tons or 1,016.05 kilograms)also called long ton.