The advancement towards a truly global visionary company never stops.
Newly established offices in Chile and South Africa made successfully further expanded our sales channels, enhancing global presence with local expertise at the same time. In spite of the challenges that came with the COVID-19 pandemic, CUMIC manages to find new opportunities and maintain continuous growth.
Launched a series of overseas offices in Vietnam, Spain, and South Korea in light of further localisation, global strategic transition, and leveling up services for customers worldwide.
In a response to increasing demand and new opportunities, CUMIC initiated management optimization and organizational restructuring for the second time. Entering the second decade of the company, CUMIC fully embraced changes towards global strategic transformation, focusing on high-quality business, value-added product development, and service value creation.
The 10th year anniversary of CUMIC marked a successful milestone and a fresh start to further transform into a global supply chain service provider. In this year, CUMIC achieved steel sales of 1,200,000 MT, and turnover reached $500 million.
Another great leap forward on building a steel bridge to the world - CUMIC Steel USA, Inc. established in Houston, TX in December, successfully entering the North American market, while achieving steel sales volume of 1,100,000 MT.
CUMIC took a huge step forward in terms of globalisation, as CUMIC Dubai, our first overseas branch established in March, further developing the Middle-East market. Total sales volume also reached a new high at 1,000,000 MT.
Total sales volume reached 620,000 MT and the turnover reached $400 million, a sharp increase from the last fiscal year.
As the company grew in size, CUMIC took initiatives to transform and evolve for bigger visions, which led to the implementation of enterprise management system optimization and organizational restructuring.
Despite all the uncertainty and challenges during the financial crisis, CUMIC maintained stable growth, and China Union Material (Shanghai) Co., Ltd was established.
After making our way into Central & South American and Australia, CUMIC has made a breakthrough by obtaining more than $100 million of LOC from world-class banks. Meanwhile, the total sales volume reached 300,000 MT and the turnover reached $250 million.
2007 was a year of rapid growth for CUMIC. While successfully earning a place in Africa and Europe, total sales volume reached 200,000 MT and the turnover reached $120 million for the first time.
Founded in Hong Kong, CUMIC started out with a goal to provide high-quality steel products and services to global customers, and soon successfully reached its first sales milestone by penetrating the Middle-East market.
