Profile: China Carbon Graphite Group Inc (CHGI.PK)
18 Dec 2014
China Carbon Graphite Group, Inc., incorporated on February 13, 2003, is engaged in the manufacture of graphite-based products in the People’s Republic of China. The Company’s products are either used in the manufacturing process for other products, particularly non-ferrous metals and steel, and are incorporated in various types of products or processes, such as atomic reactors. It manufactures and sells a range of graphite products, which includes graphite electrodes, fine grain graphite and high-purity graphite. The Company’s wholly owned subsidiaries include Talent International Investment Limited (Talent), Xinghe Yongle Carbon Co., Ltd. (Yongle) and Xinghe Xingyong Carbon Co., Ltd. (Xingyong).
During the year ended December 31, 2012, approximately 40% of its products are sold directly to end users in China, primarily consisting of steel manufacturers. All other sales are made to over 200 distributors located throughout 22 provinces in China. Its distributors then sell its products to end users both in China and in foreign countries, including, among others, Japan, the United States, Spain, England, South Korea and India.
The Company’s graphite electrodes are used as electricity-conducting materials within electric arc furnaces for manufacture of steel and non-ferrous metals, such as brown alumina, yellow phosphorus, or other metals. Its Fine grain graphite blocks are used to make graphite crucibles in various industries and continuous casting dies for non-ferrous metals and spark erosion tools in the automotive industry. Fine grain graphite blocks are also machined to produce piston rings, sealing rings, as well as jigs in the molding industry. High purity graphite is used in the chemistry industry, semiconductor material and precious metal smelting industry, food industry and nuclear industry.
As of December 31, 2012, the Company manufactures all of its products at its facilities located in Inner Mongolia. The manufacturing process of each of its products generally involves various steps, including calcining, which is a thermal treatment process applied to raw materials, crushing raw materials into smaller particles, screening, mixing, forming, dipping, baking graphitization and machining.
The Company competes with SGL Group, Toyo Tanso and Poco Graphite.
China Carbon Graphite Group Inc
787 Xicheng Wai
Chengguan Town, Xinghe County