Jul 5 2013
Asia Carbon Industries, Inc. whose shares trade in the U.S. on the OTCQB Tier of the OTC Markets under the stock symbol "ACRB", today announced the completion of its specialty carbon black production facility.
Asia Carbon's Chairwoman of the Board and Chief Executive Officer, Ms. Guoyun Yao commented, "We are very pleased to announce the completion of the construction of specialty carbon black production facility. This represents an important step in our company's strategic plan. This new production facility will increase the company's sales revenue and improve the overall comprehensive benefit in the future. Also it will help the company better expand the market, develop new area and improve its competitiveness."
Ms. Yao went on to say, "In order to facilitate the production and to meet the market demand for the product, our Chief Engineer and other technical personnel participated in the '2013 the Third Masterbatch and Multifunction Masterbatch Processing and Application Technical Seminar' held in Shaoxing, Zhejiang province from June 24 to June 27 this year. The key topics of the seminar included the domestic and international pigment technology status and development direction, masterbatch's demand for carbon black pigment and index requirements, etc. We connected with participating experts and relevant companies. We will actively explore new technologies and develop new products to expand our business space so as to lay the foundation for the company's long-term development."
While the production capacity of specialty carbon black production line is about one half of the production capacity of the traditional carbon black production line, the specialty carbon black commands prices ranging upwards of $2,400 per ton while traditional carbon black is typically sold for less than $1,000 per ton.
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