NEW YORK China Gerui
Advanced Materials Group Ltd. has retained Craig T.
Bouchards Cambelle-Inland as an adviser for its strategic
planning and expansion in North America and "around the world,"
the company said May 13.
"We plan to globalize our
business through accretive acquisitions while continuing to
focus on organic growth opportunities. During the next few
years, we will create a blend of Chinese, American and European
revenues, and a large and loyal international customer base,"
Mingwang Lu, chairman and chief executive officer of China
Gerui, said in a statement.
"Mr. Lu asked me to help him
expand into the North American market by helping China Gerui
choose and negotiate acquisitions in the U.S. and Europe,"
Bouchard, chairman and chief executive officer of
Cambelle-Inland, told AMM, adding that the Zhengzhou,
China-based company would be looking at "converters and service
centers in the United States so they can expand the
distribution of their product."
The partnership should also ease
Naples, Fla.-based Cambelle-Inlands move into China,
aiding its ultimate goal of tackling the countrys growing
"We intend to lead a consortium
providing electric vehicles for the inner cities in China and
for the nations 800 million farmers," Bouchard said. "As
an American in China, its difficult to invest efficiently
and safely from a long distance. (China Gerui) can be a landing
platform for important things that we want to accomplish."
Cambelle-Inland will also look
at the Chinese aerospace market, Bouchard said. He resigned
earlier this year as Shale-Inland Holdings LLCs executive
chairman to focus on new opportunities in the China (
amm.com, Feb. 26).
China Gerui has been the
"pound-for-pound profit champion of the Chinese steel market
for several years," with a "very large national market share in
products being sold into the food and beverage and fiber-optic
cable markets," Bouchard said.
As a result, Cambelle-Inland has
been "following and investing" in the company "for the past two
years," he said.
China Gerui makes thin steel
sheets and strips and focuses on high-end, value-added finished
steel products, according to its website.