Sino-Global signs collaboration agreement with Sichuan Metals and Minerals
Sino-Global Shipping America announces the signing of a Strategic Collaboration Agreement with Sichuan Metals and Minerals, or SCMMC, a subsidiary of Sichuan Foreign Trade Group, a leading state-owned importer/exporter in the Sichuan province in China. Pursuant to the Strategic Collaboration Agreement, Sino-Global will serve as the exclusive purchasing agent and logistics service provider of sulfur products in the U.S. for SCMMC. This agreement will also mark the beginning of SCMMC's switch to containerization from the traditional bulk shipment of its products by exclusively using Sino-Global's innovative and cost-effective door to door container solution for the transport of its sulfur products. SCMMC has begun placing orders with Sino-Global for the purchase of approximately 2,400 metric ton or 120 containers of sulfur. Sino-Global expects to generate approximately $360,000 of revenue from these initial orders, with the Company expecting additional sales contracts to be finalized in the coming months.