Shandong New Materials Co.,Ltd (SRC)

Shandong RHI New Materials Co.,Ltd (SRC),which was incorporated in July 2005,is a Joint Venture Company established between Zibo Gongtao Industrial Ceramics Co. ,Ltd (ZGTC) and the RHI Group of Austria, which  is the biggest refractory material company in the world . SRC mainly produces refractory materials which are used in glass, ceramics and fiberglass furnaces.The company has the right to sell their products including imports and exports(excluding distribution business). The operating period of the company will be 38years. The totalinvestment is 18 million US dollars and the registered capital of the Company is 60.6 million RMB . Its production capacity in the 1st phase is 4.000 tons per year , of 33#, 36# and 41# fused cast AZS made by the oxidation method.?It is estimated thatthe sales income will be up to 100 million RMB and the profit without tax will be 20 million RMB.Shandong RHI New Materials Co., Ltd (SRC) is the result of the combination between two powerful companies, so it will have an extensive future. ZGTC, with growing production capacity and increasing  market share year by year, was founded  with one of the 500
  top companies of the world , Asahi GlassCo., L
td. of Japan , 12 years ago. It  has been  the largest new refractory materials production
  
;based in China, and its great goal is to be the No.1 ,glass  refractory material company in the world . SRC is ZGTC ?s second largest
  Joint Venture. RHI Group of Austria is the largest refractory material company in the world
with long  history and advanced technology .
  It is also one of the largest industry groups in Austri
a. Actually, RHI operates more than 30 plants all other the world , covering 60% of  
  market share in
EU refractory market and  accounting  13% of the global refractory market .