The main reason for the declined gross margin was the upgrading of our PPGI
production line and as a result, we did not produce high margin PPGI
products during this quarter.
Furthermore, the roll-formed PPGI
sheets are the most popular end use of Unicoil products of PPGI
While the PPGI
captures the distribution of growth benefits among the poor and non-poor, it does not take into account the level of the actual growth rate.
He said: "As you are aware PPGI
has obtained a seizure order overnight on the cars.
Lifang Chen, Chairwoman and CEO of Sutor commented, "We undertook the upgrading of the PPGI
production line voluntarily.
The decrease was mainly because of the decline in demand for our products and the upgrading of PPGI
The most significant factors affecting the gross margin were higher HDG production and PPGI
Although the output of PPGI
and pipe products were also up, their impact on the revenue was partially offset by lower average selling price ("ASP") due to lower costs of raw materials.
Sutor attends several international trade shows throughout the year and at these particular shows the showcased several of its most advanced products, such as channeled steel plates, marble-style plates, self-cleaning PPGI
plates, chameleon PPGI
plates, PVDF chlorofluorocarbons PPGI
plates, and antistatic PPGI
The self-cleaning PPGI
products are featured with improved hydrophilic property and anti-contamination ability.
Furthermore, sales of PPGI
and steel pipe products also decreased during the third fiscal quarter of 2012 due to the timing of the Chinese New Year, which limited the number of working days during the month of January and longer-than-normal facilities renovation, which caused a reduction of production of these products during this quarter.
l towards Mumbal end by PPGI
sheets, repairs to chequered tile of coping on platform No.