March 28, 2011

State of Alabama
Press Release: Alabama Department of Commerce

Golden Dragon Selects Thomasville For First U.S. Plant

Thomasville, Ala. – March 28, 2011    Golden Dragon Precise Copper Tube Group, Inc. today announced that it has selected Thomasville, Ala. as the location for its first manufacturing facility in the United States. Golden Dragon Precise Copper Tube Group, Inc. is the leading supplier of precision copper products throughout the world.  The company will provide its American customers with products produced in the new Thomasville plant, which is located in Clarke County. Final terms of the agreement are subject to approval by the various government entities of the state of Alabama and the People’s Republic of China

Upon completion of the $100 million copper manufacturing facility, Golden Dragon Precise Copper Tube Group, Inc. is projected to employ more than 300 people. The company will work

with Alabama Industrial Development Training (AIDT) for workforce development. The 500,000+ sq. ft. facility and campus will be located on a 50-acre parcel of property on US Highway 43 (SR-13) in Clarke County. Additionally, it is 97 miles from the Port of Mobile.

 

Golden Dragon Precise Copper Tube Group, Inc. in Thomasville will be an application center for the most modern copper tube mill in the world, employing state of the art cast and roll technology, processing methodology and equipment. The processing equipment will have a closed loop recirculating system, and a water treatment center producing negligible water discharge in any form. The plant will have the capacity to transform more than 100 million pounds of copper per year using advanced proprietary continuous casting technologies capable of producing 100% NDT (non-destructive testing) certified products.

 

"Our customer’s needs are our top priority. We are fortunate to have a high quality, loyal customer base in the United States,” said Golden Dragon Precise Copper Tube Group, Inc.’s Chairman Li Changjie. “Our new facility in Thomasville, Ala. will allow Golden Dragon Precise Copper Tube Group, Inc. to continue to provide the highest quality copper products available in the US market.  While we were fortunate to find many excellent sites for our first U.S. facility, Thomasville was the right fit for us."

Governor Bentley was on hand for the signing ceremony in Thomasville on Monday.  “The State of Alabama welcomes Golden Dragon Precise Copper Tube Group, Inc.’s first manufacturing facility in the United States to Thomasville,” said Governor Bentley. “The team at Golden Dragon will find the best and most dedicated workforce in Alabama ready and eager to partner with them. Welcome to Alabama, Golden Dragon Precise Copper Tube Group, Inc.”

 

 Thomasville has gone through a very stringent selection process and we are grateful that Golden Dragon Precise Copper Tube Group, Inc. has selected us as the site for their first U.S. facility,” said Sheldon Day, Mayor of Thomasville. “We are pleased and honored to welcome Golden Dragon Precise Copper Tube Group, Inc. to Thomasville and to Alabama.” 

State, Federal and local officials along with the Alabama Development Office worked together to recruit Golden Dragon Precise Copper Tube Group, Inc. to Thomasville.

 Alabama has a strong, growing base of international investment, but until today, we had no companies from China on that list that we had successfully recruited. I am proud that GD Copper will join us as an international partner in investment,” said Alabama Development Office Director Seth Hammett.  “I am also excited that Thomasville will be an application center for cutting edge research and development and glad that the city was the right fit for GD Copper,” he continued. “As one of Alabama’s newest corporate citizens, we stand ready to help your company prosper in our state.”

 The selection came after months of intensive due diligence on the part of Golden Dragon Precise Copper Tube Group, Inc. and its representatives. “This transaction represents a significant milestone in U.S. China relations. We have worked with many state’s development office officials and received more than 62 submissions during this RFP process and each one was outstanding, but we were thoroughly impressed with the passion and commitment shown to us by Alabama and Thomasville officials resulting in the final selection,” Raymond Cheng, CEO of Sozo Group, which has been retained by Golden Dragon Precise Copper Tube Group, Inc. as corporate advisors and consultants for the project. “This endeavor represents the outstanding commitment of city, county, and state officials in working together to create jobs and bring the best to their local communities.

“I believe this is a great start to many opportunities to come, and we look forward to working with Governor Bentley and the Alabama Federal Delegation on those as they develop,” he said.

About Golden Dragon Precise Copper Tube Group, Inc. Golden Dragon Precise Copper Tube Group, Inc. is a wholly owned subsidiary of Golden Dragon Precise Copper Tube Group Inc. located in Xinxiang City, Henan, China.  It is the world’s largest producer of specialized copper tubing.  It is active in product research in China, Germany, Italy, Japan and the United States. For more information, please visit http://www.gdcopper.com/.

About Thomasville, Ala. For more information, please visit http://www.thomasvilleal.com/.

About the Alabama Development Office (ADO). For more information, please visit http://www.ado.alabama.gov/.

About Clarke County For more information, please visit http://www.clarkecountyal.com/.

About Sozo Group The SoZo Group is a corporate advisory company bringing high quality investors together with U.S.  businesses to develop mutually beneficial investment opportunities. For more information, please visit www.sozonet.com. 

About Alabama-China Partnership For more information, please visit http://www.alabamachina.com/.




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