Sapphire Corporation Limited ("Sapphire") is principally engaged in the production of steel and vanadium products, trading of minerals and investments.
Our manufacturing operations are undertaken by our Sichuan-based core subsidiary, Neijiang Chuanwei Special Steel Co. Ltd ("Special Steel"), which produces reinforcement steel bars ("rebars"), hot-rolled coils ("HRC"), cold-rolled coils ("CRC") and vanadium pentoxide ("V2O5") flakes for the China market.
Our wholly owned mineral trading arm, Sapphire Mineral Resources Pte Ltd, procures strategic minerals from global market for our Group's steel-making business in China as well as other customers.
Our group's investments include directly-held China Vanadium Titano-Magnetite Mining Company Limited (0.8%), an iron ore producer listed on the Hong Kong Stock Exchange, and indirectly-held Chengyu Vanadium Titanium Technology Co., Ltd (11.73%), a steel manufacturer and Neijang BoWei Xinyu Chemical Co. Ltd (9.47%), a coke producer. The three entities are part of an integrated steel group that also includes Special Steel. All businesses are located in Sichuan Province, China.
Based in Singapore, Sapphire has been listed on the Singapore Exchange since 1999 and upgraded to the Mainboard in February 2011 (stock code: NF1.SI)....read more