In May 2013, Ministry of Industry and Information Technology of the People's Republic of China (MIIT) issued Foundry Industry Access Requirements. It would bring remarkable changes in the industrial structure, product structure and market structure of the foundry industry. The small and medium-sized enterprises in China would develop to be the large and medium-sized groups by merger, consolidation or regrouping. And the small and micro businesses would gradually withdraw from the market. The products will go to higher class and the market will become diversification.
In Feburary 2014, the first 400 enterprises of China had been approved by MITT. Our factory GH METAL PRODCUT CO., LTD. is included. It means GH METAL is approved, supported and encouraged by the government during the reform. Thanks to the reform, GH METAL invested more than USD 200 million to build a new factory with full automatic production lines. And until today, GH METAL has successively extented the business scope, including iron furnitures, such as cast iron stoves, iron garden lights, iron outdoor benches, iron fireplace accessories, iron mailboxes, iron urns, iron bollard, iron fences and bases, iron coffee table bases and so on. GH METAL’s business scope also includes aluminum furnitures, such as aluminum garden benches, aluminum mailboxes and birdbaths, etc.