L&L International Holding,Inc., a leading U.S.company in the Chinese coal industry, has announced that it has entered into a memorandum of understanding ("MOU") with the Hong Shan Coal Company ("Hong Shan") a coke and coal washing company
located in China’s Yunnan Province.
Hong Shan has an annual manufacturing capacity of 90,000 tons of coke and 150,000 tons of coal washing, with revenues of approx. $37 million per year, subject to due. L&L plans to help Hong Shan expand its existing coke and coal washing facilities.
Paul Lee, L&L's Chairman commented, "We are glad to announce the MOU with Hong Shan. We plan to integrate Hong Shan's coke and coal washing operations with L&L's existing coal wholesale operations, which are conducted through our subsidiary, KMC Coal, in Yunnan Province. We expect to achieve a competitive advantage through this expansion along the coal value chain as well as higher gross margin.”
He added that the company plans to make additional acquisitions in the future."
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