CTL is the Australian Holding Company for the CTL Group which is a diversified business involved in steel production and property development in China.
As part of the Group, Ningbo Marine Citylong Industrial Co., Ltd (Citylong) today is a well established operation in the processing and manufacturing of high precision steel products and automobile components. Combined with its associated company, Ningbo Nantian Metal Co., Ltd (NTN), which supplies cleaned (pickled) unprocessed steel and warehousing facilities to Citylong, the Group currently has annual revenues of RMB 111,000,000 (approximately AUD $21,500,000).
The Group’s operations are located in Ningbo, one of China’s most important commercial centres, and is ranked in the top 10 (7 th ) cities on mainland China in which to conduct business. It is the second largest city in Zhejiang Province, an economically and geographically important region and the country’s 4 th largest consumer market.
It is the convergence of the strength of the Group’s underlying business, its geographic location in Ningbo and its close proximity to Shanghai, the “Dragon Head” of the Yangtze River Delta and the centre of much of China’s manufacturing, industrial and commercial activities that is driving the Group’s expansion plans.