American Dairy to Expand Production Capacity at Gannan and Longjiang Facilities
Company to Purchase Equipment from the GEA Group
Under the Agreement, American Dairy has agreed to make payments totaling approximately
Mr. Leng You-Bin, the Company’s Chief Executive Officer, stated, “We are glad to continue our partnership with GEA, and ultimately to enhance our Gannan production facility using new equipment in accordance with the current standards of the European Union. We believe the equipment from trusted manufacturers like GEA will better ensure that we continue our rigorous quality standards.”
The Company also announced that it has completed the acquisition of a dairy processing plant located in Longjiang County,
The enhancements at the Gannan Feihe and Longjiang Feihe facilities will expand American Dairy’s infant formula production capacity from approximately 1,220 tons/day, as of today, to approximately 1,920 tons/day by
About GEA Group
The GEA Group,
About American Dairy, Inc.
American Dairy, Inc. (NYSE: ADY) is one of the leading producers and distributors of premium infant formula, milk powder, and soybean, rice walnut products in the People’s
Cautionary Note Regarding Forward-Looking Statements
This document contains forward-looking information about the Company’s operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about the Company’s plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words “may,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “could,” “would,” and similar expressions. Because these forward-looking statements are subject to a number of risks and uncertainties, the Company’s actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading “Risk Factors” in the Company’s annual report on Form 10-K for the fiscal year ended
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SOURCE American Dairy, Inc.