Chang-On International recently announced that it has taken the first important step toward opening international markets for their revolutionary “green” construction formworks. The bureaucratic process to become a licensed to export products in China is complex. Those that complete the process can compete in global markets and join the thousands of other Chinese companies that are competing successfully thanks to low wages and government subsidies.
The Company’s registration as an external trade proprietor was recently approved by the government, granting the import and export rights for its products and proprietary production techniques. All China enterprises must secure approval from the government of the PRC prior to engaging in external trade. This approval process involves a series of registrations and licenses from the government, of which the registration of external trade proprietor is the initial stage.
Commenting on this important development, Mr. Li Guomin, President of CAON, stated, “We are pleased to be able to announce the attainment of this recent milestone. This is an important step in our ultimate goal of expanding our reach into international markets and bringing our unique products to foreign buyers. We are actively engaged in completing all of the necessary steps to engage in external trade, and have made this one of our top priorities as we move forward with our development strategy.”
Chang-On’s proprietary formworks, made from recycled plastic and fly ash, two abundand and incredibly cheap materials, represent a huge breakthrough in the enviornmentally mandated construction industry as well as throught the world.
We applaud Chang-On’s accomplishment and encourage you to keep a close eye on this company. They are rock solid on their way to being in a position to transform an industry that uses 43% of the world’s concrete production. We think that deserves a place in any speculative portfolio.
Note: We have been hired to feature Chang-On International for the month of October on our Real Stock Discoveries. Please read our disclaimer for more and compenstion details.
