China Agritech, Inc. Completes Construction of Xinjiang Organic Granular Fertilizer Factory
2009年9月15日 - 7:15PM
PRニュース・ワイアー (英語)
- Trial production underway for commercial operations - BEIJING,
Sept. 15 /PRNewswire-Asia-FirstCall/ -- China Agritech, Inc.
(OTC:CTEC) (BULLETIN BOARD: CTEC) ("China Agritech", or the
"Company"), a leading national organic fertilizer manufacturer and
distributor in China, today announced that it has completed the
construction and equipment installation at its new organic granular
fertilizer facility in Xinjiang. This facility adds another 50,000
metric tons of capacity for the production of the Company's organic
granular fertilizers. The 50,000 metric ton capacity at the
Xinjiang facility adds to the existing 150,000 metric tons of
organic granular fertilizer capacity which recently began
production in Anhui and Harbin. The Xinjiang facility will provide
organic granular fertilizers primarily under the "Green Vitality"
brand name to the vast agricultural areas in northwestern China.
The Company also produces organic liquid fertilizers at Xinjiang
with a capacity of up to 2,000 metric tons. China Agritech's total
organic fertilizer capacity now consists of 200,000 metric tons of
organic granular and 13,000 metric tons of organic liquid
fertilizers with application to a large variety of crops. Mr. Yu
Chang, Chairman and Chief Executive Officer of China Agritech,
commented, "With the completion of the Xinjiang facility, we
reached our strategic goal of attaining capacity for 200,000 metric
tons of organic granular fertilizer. We will be able to offer
farmers in the Northwestern China market a broader line of organic
fertilizers to meet their needs from one source. With the new
organic granular facilities in Anhui and Harbin in commercial
operation, we can provide our high-quality organic fertilizers in
Southern, Central, and Northeast China as well. Our new organic
granular production facilities provide the capacity to support our
growth over the next several years." About China Agritech, Inc.
China Agritech, Inc. is engaged in the development, manufacture and
distribution of liquid and granular organic compound fertilizers
and related products in China. The Company has developed
proprietary formulas that provide a continuous supply of
high-quality agricultural products while maintaining soil
fertility. The Company sells its products to farmers located in 28
provinces of China. For more information about the Company, please
visit http://www.chinaagritechinc.com/ . Safe Harbor Statement This
release may contain certain "forward-looking statements" relating
to the business of China Agritech and its subsidiary companies,
which can be identified by the use of forward-looking terminology
such as "believes," "expects," "anticipates," "estimates" or
similar expressions , including, but not limited to, statements
regarding the continued demand for China Agritech's products, China
Agritech's ability to sustain growth for the balance of the year
and China Agritech's ability to generally meet all of its
objectives. Such forward-looking statements involve known and
unknown risks and uncertainties, including all business
uncertainties relating to product development, marketing,
concentration in a single customer, raw material costs, market
acceptance, future capital requirements, and competition in general
and other factors that may cause actual results to be materially
different from those described herein as anticipated, believed,
estimated or expected. Certain of these risks and uncertainties are
or will be described in greater detail in our filings with the SEC.
Except as required by law, China Agritech is under no obligation to
update or alter its forward-looking statements whether as a result
of new information, future events or otherwise. For more
information, please contact: In China: Mr. Gareth Tang Chief
Financial Officer China Agritech, Inc. Tel: +86-10-5962-1220 Email:
In the U.S.: Mr. Kevin Theiss / Mr. Valentine Ding Investor
Relations Grayling Tel: +1-646-284-9409 Email: DATASOURCE: China
Agritech, Inc. CONTACT: In China, Mr. Gareth Tang, Chief Financial
Officer of China Agritech, Inc., +86-10-5962-1220, ; or in the
U.S., Kevin Theiss or Mr. Valentine Ding, Investor Relations,
Grayling, +1-646-284-9409, or Web site:
http://www.chinaagritechinc.com/
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