Emerald Dairy Begins Construction of Milk Powder Processing Facility
Posted on: Friday, 1 August 2008, 12:01 CDT
Emerald Dairy has announced that it has begun construction of a new milk powder processing facility in Hailun City of the Heilongjiang province, China.
Upon completion in early 2009, the new facility will have an annual production capacity of 9,000 tons of milk powder, bringing the company's total annual production capacity to approximately 18,000 tons by the end of 2009. The company has secured milk supply from local farmers for the facility.
According to the company, the new facility will provide it with the flexibility to accommodate future production of an additional 9,000 tons as market demand grows. The project will require an investment of approximately $20 million, which the company intends to finance through internal cash flow as well as potential debt or equity offerings.
Yang Yong Shan, CEO of Emerald Dairy, said: "Today's announcement speaks to our long term commitment to grow the company through capacity expansion. In addition, we believe the new facility, located in the proximity of the capital city, will further strengthen our efforts to expand our geographical presence going forward."
Source: Datamonitor
Related Articles
- China Green Agriculture, Inc. Achieves Construction Milestone on New 40,000 Metric Ton Fertilizer Production Facility
- Green Machines: Worldwide Solar Manufacturing Capacity, Production, and Capacity Utilization Market Shares, Forecasts, and Strategies, 2008-2014
- Hoku Secures Power for 4,000 Metric Tons of Polysilicon Production
- Worldwide Solar Cell Manufacturing Facilities & Production Capacity 2007-2013
- LXE Solar Announced the Contract With Yunnan Metallurgical Group's (CYMG) KMYY For Delivery of Trichlorosilane (TCS) Technology to Annually Produce 3,000 Metric Tons of Polysilicon
- China Direct Commences Magnesium Production at Two New Facilities Adding 12,000 Metric Tons of Annual Capacity
- Valcent Products Inc.: Initial Data From the Vertigro Field Test Bed Plant Reports Average Production of 276 Tons of Algae Bio Mass On a Per Acre/Per Year Basis
- China Shen Zhou Mining & Resources Announces Completion of the Manufacturing Capacity Expansion Project for 300,000 Metric Tons of Fluorite Ores Extraction and 200,000 Metric Tons of Fluorite Ores Processing Annually
- Quest Minerals & Mining Announces 2,000 Clean Ton Purchase Order for Deep Mine Coal
- DGSE Companies, Inc. Announces That Its Primary Lender, Texas Capital Bank, Has Increased Its Credit Facility to $4,000,000
User Comments (0)
RSS Feeds