Magnesium product and fertiliser businesses posted steady growth in both product sales and revenue.

The magnesium product business continued a  rapid growth momentum marked by excellent results whether in terms of sales or revenue. For the year ended 31 December 2014, the magnesium product business contributed HK$696,904,000 (2013: HK$547,366,000) to Group revenue, an increase of 27.3% year-on-year. Segment sales volume grew 34.8% to 22,783 tonnes  (2013: 16,898 tonnes). The Group’s magnesium product business covers two categories –  rare earth magnesium alloys and basic magnesium products.

The Group has been committed to capacity expansion. The annual production capacity of magnesium is anticipated to reach 75,000 tonnes upon completion of the second phase expansion as at end 2016. The rapid expansion of capacity and the rapid growth in industry demand will lay a solid foundation for sustainable, high growth in the Group’s magnesium business.    

• [Editor:Phillip.Feng]