CENTRUE Minimizes International Trade Financing Costs

SHANGHAI, March 21, 2012 /PRNewswire-Asia/ -- SHANGHAI CENTRUE TRADING CO.,LTD. (CENTRUE) called the 3rd Cooperation Meeting with China Export & Credit Insurance Corporation (SINOSURE) on March 14th, 2012. In order to extend the maturity for international trade and to minimize customers' financing costs, CENTRUE was wishing to link up the international business and SINOSURE products.

CENTRUE's presidents, Ms. Wong and Mr. Young, met Mr. Fong from SINOSURE Shanghai branch at CENTRUE Headquarters on March 14th, 2012. They were working on Export Credits Insurance for the third round. China Export & Credit Insurance Corporation (SINOSURE) is China's only policy-oriented insurance company specializing in export credit insurance. It began operations on December 18, 2001, with capital coming from the Export Credit Insurance Risk Fund as arranged by the State fiscal budget. SINOSURE has formed a nationwide service network. In the meeting, both sides determined the scope and modality of cooperation, based on CENTRUE's exports in the past, to ensure annual insured amount. Henceforth, according to the investigation of customers' credits records, CENTRUE would be able to extend maturity up to 6 months when dealing with long term payments.


SHANGHAI CENTRUE TRADING CO.,LTD. (CENTRUE) is located in the largest city in China, Shanghai. CENTRUE is mainly engaged in hot-dipped galvanized steel, such as hot-dipped galvanized square tubes, hot-dipped galvanized rectangular tubes, hot-dipped galvanized angle steel, hot-dipped galvanized channel steel and so on. Presently, CENTRUE is the largest spot goods inventory enterprise which is selling hot dip galvanized pipes and steel sections in China. It has four stock warehouses in Shanghai, and one large warehouse in Tianjin and Hangzhou, Zhejiang Province separately. The total inventory of the hot dipped galvanized pipe is more than 2,000,000 tons, and the amounted of annual sales is about 1.5 billion RMB. CENTRUE changed main products from easily-rusted steel into the galvanized one, which can continue the useful life for 10-30 years in outer or wet conditions. The wall thickness of the zinc is from 80g/m2 to 720g/m2. These materials are popularly used in the support keel of building curtain walls, steel structures, electrical facilities, bridge engineering, road construction, municipal works and so on.

Over the years, CENTRUE has operated in strict accordance with the ISO9001-2008, and our products are acclaimed by customers at home and abroad. Our products sell well to America, Brazil, Spain, Georgia, Australia, Singapore, Africa, Southeast Asia and some other countries all around the world.


Mr Ding


Keywords: Insurance