Founded in 2004, Ossen Innovation Co., Ltd. is one of the leading designers, engineers, manufacturers, and marketers of customized prestressed concrete ("PC") steel materials used in the construction of bridges, highways, and other infrastructure projects in China, Europe, Latin America, Asia Pacific and the U.S. Ossen's founders are among the first in China to introduce and promote the use of prestressed steel materials in construction projects, and have more than 15 years of experience in the prestressed materials industry.
Ossen manufactures prestressed steel materials which are categorized as uncoated products and coated products through its two operating subsidiaries in China: Ossen Innovation Materials in Ma'anshan city and Ossen Jiujiang in Jiujiang city. Ossen is one of four manufacturers of coated steel materials in China, equipped with proprietary manufacturing processes. Ossen has total manufacturing capacity of 140,000 metric tons of coated and uncoated materials per annum at December 31, 2012.
Through its Ma'anshan facility, Ossen has been manufacturing plain surface PC strands and PC wires since 2004. These products are sold primarily in Anhui Province, Jiangsu Province, Zhejiang Province and Shanghai City.
Through its Jiujiang facility, Ossen manufactures coated PC wires and strands, plain surface PC strands, unbonded PC strands, spiral ribbed PC wires, sleeper PC wires and indented PC wires. These products are primarily sold in Jiangxi Province, Wuhan City, Hunan Province, Fujian Province and Sichuan Province.
In the future, Ossen intends to upgrade its industry position while maximizing shareholder value and pursuing a growth strategy that includes increasing its production capacity and strengthening its relationships with key customers, diversifying its customer base, and pursuing strategic relationships and acquisition opportunities.