Company Information for Quay Magnesium Ltd

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Company Statement

Quay Magnesium Limited (ASX: QMG) is an Australian owned publicly listed company with its alloying production plant in Nanjing, China. Our company produces a range of high performance magnesium alloys that are targeted for use in the automotive and electronics industries where light-weight applications are a growing world wide trend.

Through advanced production techniques, strict product quality control and close collaboration with customers, Quay’s superior refining technology and highly experienced team ensure the production of high quality alloys.
 
 

Current Operations

Nanjing, China

Nanjing is approximately 270 kilometres from Shanghai, with excellent road and rail infrastructure, and is located on the Yangtze River. This provides a range of transport solutions for bringing raw materials to the plant and for delivering alloy product to customers in China and elsewhere. The Nanjing-Shanghai region is a major manufacturing centre for China's growing automotive industry, and this is a core target market for the plant.

The Chinese Authorities have granted Quay's Nanjing operation a full unconditional Business Licence as a Wholly Owned Foreign Enterprise. As a designated Encouraged Business located in the Nanjing New and High Technology Zone, favourable taxation status has been conferred on the project.
Quay’s high quality die casting magnesium alloys are favoured for their combination of light weight, high strength and dimensional stability.

Our factory is located near pure magnesium metal sources and can produce efficiently to meet the alloy demands of the automotive, electronics and emerging aerospace industries.

Using its product sourcing expertise and extensive supply chain network of over 50 suppliers, Quay prides itself on delivering to meet customer requirements. From our Nanjing operation, we service customers globally with representatives in Asia, Europe and North America.

Our advanced process for the manufacture of specialist magnesium alloys uses proven technology. 

TECHNICAL SERVICE

Quay Magnesium offers customers technical support and training programs – tailored to meet their needs – regarding safe handling of magnesium alloys.

Proper handling of molten magnesium is crucial to a successful die casting operation. Technical needs include ingot handling, pre-heating, furnace design, melt level control, protective cover gas, and proper delivery of the metal to the die casting machine.

Quay offers customers technical service for molten metal handling.

Geographical Spread

Board of Directors and Key Management

Peter Stuntz,	Chairman
Rob Bailey	Manager NQMG
Ed Gu	General Manager Nanjing Quay Magnesium Limited
Ritchie Lees	Business Development Manager
Alan Reid	China Business Advisor
Danny Rosing	Marketing Manager, Europe

Company Address Quay Magnesium Limited (QMG) 3 Spring Street GPO Box 5438 Sydney, New South Wales, Australia 2001 Telephone: +61 2 8274 0900 Facsimile: +61 2 8274 0999 Email: mail[at]quaymagnesium.com Website: http://www.quaymagnesium.com

Capital 132,618,845 million shares on issue

Year End 30 June

Broker/Analyst Reports

01/05/07 - Far East Capital Limited
16/02/07 - Aegis Equities

Major Shareholders

McNeil Nominees Pty Limited	12.92%
Westpac Custodian Nominees	12.60%
Peter Wayne Stuntz	9.05%
National Nominees Limited	6.94%
HSBC Custody Nominees	4.68%

Related News

06/08/08 - Quay Magnesium Enjoys Rising Prices, But Is Limited By Its Own Form Of Credit Crunch
18/09/07 - Quay Tries To Capitalise On Changes In Magnesium Market

Most Recent Statement

20/08/08 - Working Capital Finance
31/07/08 - Return to Production in Nanjing Plant
04/07/08 - Magnesium Plant Acquisition Update
21/04/08 - SECOND AGREEMENT SIGNED TO ACQUIRE 49% OF CHINESE MAGNESIUM PLANT
25/03/08 - Heads of Agreement for 49% of a magnesium plant
28/11/07 - Placement for Pure Magnesium Asset Acquisition