Lihua International Inc was incorporated in the State of Delaware on January 24, 2006 under the name Plastron Acquisition Corp. On September 22, 2008, the Company changed its name to Lihua International, Inc. The Company, together with its subsidiaries, develops, designs, manufactures, markets and distributes low cost, refined copper products including copper anode, copper rod, pure superfine copper wire, and copper-clad aluminum superfine wire, which is an alternative to pure superfine copper wire. It also use recycled scrap copper as a raw material to produce refined copper products including copper anode and copper rod. Copper anode is the raw material for copper cathode, which is the fundamental building block for pure copper products. The Company uses the copper rod that it produces as raw material for the production of pure copper wire. It sells copper anode to a few large copper cathode producers in China. It sells its rod and wire products to down-stream manufacturers including fine and superfine wire processors and small and micro-electronic motor manufacturers who in turn sell to the consumer electronics, white goods, automotive, utility, telecommunications and specialty cable industries. Its business focused on CCA. Its CCA business consisted of acquiring CCA with a line diameter of 2.60 mm from its suppliers as a raw material, and then reducing the diameter of the CCA by drawing it and then annealing and coating it. The Company products consist of high purity copper products refined from scrap and bi-metallic copper products. Its copper recycling pre-treatment process involves manually or mechanically sorting, stripping, shredding and magnetically separating the scrap copper. Its fine and superfine wire drawing process utilizes either by the Company recycled copper rod or CCA and involves drawing the wire to the desired final diameter. For the superfine CCA wire product, it uses CCA wire with a line diameter of 2.60 mm, produced in house and to the extent needed, supplemented with CCA raw wire from its bimetallic wire suppliers, to manufacture superfine CCA wire. For the scrap copper refinery, it uses No. 1 and No. 2 scrap copper in its production of two types of recycled copper products; copper anode and copper rod, which is the raw material for its pure copper wire product. The Company markets and distributes its products in Guangdong, Fujian, Zhejiang, Anhui and Jiangsu, as well as the Shanghai region. It sells its products in China either directly to manufacturers or through distributors in the wire and cable industries and manufacturers in the consumer electronics, audio and visual equipment, white goods, automotive, utility, telecommunications and specialty cable industries. The Company's manufacturing operations is subject to numerous laws, regulations, rules and specifications relating to human health and safety and the environment.
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