Tangshan Fuyi Raw Material Co., Ltd (hereinafter referred to as Fuyi) was incorporated with registered capital 96 Million Yuan in 2003, its headquarter was located at Tangshan City, Hebei Province, which city has been holding first in the steel products in China. Fuyi was the only trading company in Tangshan City that had qualificationg to import iron ore before 2013.
Fuyi mainly initially deals minerals and steel products domestically and overseas, and with the development of the company, rely on our excellent performance, abundant capital and smart team, our international business scope has been extended to a great extent. We established and maintain a stable long-term business relationship with the global main suppliers such as RIO TINTO, BHP, VALE, NOBLE, CARGILL, SHOUGANG GROUP, etc. Since 2010, our company has imported 15.68 million tons of iron ore, the trade volume reached 1.778 billion US dollars, and our scale has been gradually increasing during the last decade.
Benefit from our good reputation and high-qualified service, a table and long-term sales network has been built up, through which we supply iron ore cargos to the main steel mills in North China, including Tangshan medium plate co ltd, Tangshan stainless steel co ltd, Tangshan Ruifeng (Group) Iron and Steel Co Ltd, Hebei Tangyin Iron and Steel Co Ltd, etc.
In 2005, to further facilitate its import iron ore sourcing and procurement, its wholly-owned subsidiary company, Trinity Resources Trading Company Limited (hereinafter referred to as Trinity), with one million dollars registered capital, was incorporated atHong Kong. Trinity is the Member of CBMX and Global ore and mainly deal with the international business with our global suppliers.
Companies have a group of vibrant, high-quality talent to forge ahead. Based on our achievements, Fuyi has also endeavored to develop a diversity of related industries with focuses on the steel supply chain, and resource chain, strengthening the integration of internal and external resources, uplifting its overall competitiveness and status in the industry. In additional, we also imported HBI, DRI and coal.
In addition, relying on the rapid development of our international trade, Maritime Transport has become an indispensable part of the International business, thus, our shipping department was founded in 2008. Undoubtedly, the solid and professional service will further promote the intensive development of FUYI. As a matter of fact, our shipping department operates very well and a small fleet, in which Panamax and Supermax are the main types, has been built up. One new-building dry bulk carrier (82,000 DWT KARSAMAX) was launched in 2014, which was built totally by our own capital. Furthermore, we also involved in fiance sector and shipping. Specifically, apart from the self-use administration areas, which covers 5,000 square meters, we also has a wholly-owned office building for rent, which covers almost 20,000 square meters.
In response to the call of the state to support the development of the western region, the company formally established "Chongqing Fuyi Supply Chain Management Co., LTD." in Chongqing in 2017, the company carried out bulk trade and imported agricultural products business, and officially obtained the meat import qualification approved by the Ministry of Commerce of the People's Republic of China in the second half of 2018. Obtain the record of the consignee of imported meat products and the record of foreign trade operators. On March 5, 2021, it was approved by the Ministry of Commerce of the People's Republic of China for the record of bulk raw sugar, and obtained the qualification of importing raw sugar, which is one of the few enterprises with the qualification of importing raw sugar in China.
Fuyi currently possesses total billions Yuan. The credit line of Trinity approved by the ING Hong Kong is USD 100 Million. And the credits lined of Fuyi approved by the domestics state-owned Banks, including ABC (Agricultural Bank ofChina), ICBC (Industrial and Commercial Bank ofChina), BOCOM (Bank of Communications), etc., is several billions Yuan.
Relying on our excellent financial and business reputation in the market, Fuyi was honored as AAA level credit enterprise, it was awarded AA-level taxpayer in Tangshan IRS for many years.
Looking into the future, we are sincerely looking forward to establishing long-term, reliable and profitable business relationship with our current and potential parterners. Each participator of our group will continuous to hold its spirit, sharp to the future, diligent to explore, endless self improvement, strive to raise our international competitive capability.