CHANGSHU, China, Oct. 29, 2014 /PRNewswire-FirstCall/ -- Sutor Technology
Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR), a leading
provider of fine finished steel products and services used by steel
fabricators and other applications in a variety of industries,
today announced that Changshu Huaye Steel Strip Co., Ltd ("Changshu
Huaye"), a subsidiary of Sutor Technology Group ("Sutor" or "the
Company"), was recently honored as a model enterprise for
sustainable development and energy conservation by the government
of Changshu City. The energy audit and energy conservation plan
proposed by Changshu Huaye was recognized by the local
government.
At the end of last year, Changshu Huaye carried out energy
saving audit work according to the procedures designed by the local
government. The purpose was to achieve low carbon emission
and promote energy conservation. With active cooperation among all
divisions, the energy saving audit work was completed smoothly.
Changshu Huaye proposed a feasible energy conservation
implementation plan to improve energy savings covering better
technology, processes, design and materials.
The successful completion of the energy saving audit work and
energy conservation plan for the Twelve-five Year Plan period
demonstrated that Sutor had made another progress in becoming an
environmentally friendly company. As a three-star energy saving
enterprise, Sutor answers the call of the Chinese government for
energy conservation and environment protection and makes necessary
investment in this regard. The government has recognized the
Company's efforts and awarded Sutor the titles of Environmental
Protection High-tech Enterprise and Jiangsu Famous Brand.
About Sutor Technology Group Limited
Sutor is one of the leading China-based manufacturers and distributors of
high-end fine finished steel products used by a variety of
downstream applications. The Company utilizes a variety of in-house
developed processes and technologies to convert steel manufactured
by third parties into fine finished steel products, including
hot-dip galvanized steel, pre-painted galvanized steel,
acid-pickled steel, cold-rolled steel and welded steel pipe
products. To learn more about the Company, please visit
http://www.sutorcn.com/en/index.php.
Forward-Looking Statements
This press release includes certain statements that are not
descriptions of historical facts, but are forward-looking
statements in nature within the meaning of the Private Securities
Litigation Reform Act of 1995. You are cautioned that any such
forward-looking statements are not guarantees of future performance
and that a number of risks and uncertainties could cause our actual
results to differ materially from those anticipated, expressed or
implied in the forward-looking statements. These risks and
uncertainties include, but not limited to, the factors mentioned in
the "Risk Factors" section of our Annual Report on Form 10-K for
the fiscal year ended June 30, 2013,
and other risks mentioned in our other reports filed with the
Securities and Exchange Commission ("SEC"). Copies of filings made
with the SEC are available through the SEC's electronic data
gathering analysis retrieval system (EDGAR)
at http://www.sec.gov. The words "believe," "expect,"
"anticipate," "project," "targets," "optimistic," "intend," "aim,"
"will" or similar expressions are intended to identify
forward-looking statements. All statements other than statements of
historical fact are statements that could be deemed forward-looking
statements. The Company assumes no obligation and does not intend
to update any forward-looking statements, except as required by
law.
For more information, please contact:
Investor Relations
Sutor Technology Group Limited
Tel: +86-512-5268-0988
Email: investor_relations@sutorcn.com
SOURCE Sutor Technology Group Limited