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Posted: March 1, 2010
ShengdaTech's New Nano-precipitated Calcium Carbonate Facility in Zibo at 100% Capacity Utilization
(Nanowerk News) ShengdaTech, Inc., the leading manufacturer of nano-precipitated calcium carbonate ("NPCC") in China, today announced that the first phase of the Company's new NPCC facility in Zibo, Shandong Province with annual capacity of 60,000 metric tons ("MT") is operating at 100% utilization rate since January, 2010.
The initial phase of the Zibo facility began production at the end of August 2009 and, as planned, quickly ramped up to 100% utilization in January 2010. ShengdaTech's current aggregate annual capacity of 250,000 MT is operating at full capacity demonstrating strong demand for the Company's wide-range of NPCC products.
The Company's Zibo facility, including 58-acres, has a total designed annual production capacity of 240,000 MT, which will be built-out in several phases. The production building currently housing Phase I provides extra space that can hold an additional 40,000 MT of capacity. The remaining 40,000 MT of capacity can be brought online with the purchase and installation of additional equipment.
"In the last few years, our management team has diligently executed our NPCC strategic plan by launching new breakthrough applications, expanding capacity, and entering new markets. Our ability to aggressively expand capacity, increase market penetration, and capture a larger market share remains a crucial part of our success," commented Mr. Xiangzhi Chen, president and CEO of ShengdaTech. "We expect 2010 to be another year of substantial growth for ShengdaTech as we broaden our geographic footprint by reaching into the high-potential Yangtze River Delta economic region with our newly acquired NPCC facility in Anhui Province. We are confident that our presence in this prospect-rich area will measurably strengthen our selling efforts domestically as well as internationally."
About ShengdaTech, Inc.
ShengdaTech is engaged in the business of manufacturing, marketing and selling nano-precipitated calcium carbonate ("NPCC") products. The Company converts limestone into NPCC using its proprietary and patent-protected technology. ShengdaTech is the only company possessing proprietary NPCC technology in China. In addition to its broad customer base in China, the Company currently exports to Singapore, Thailand, Malaysia, India and Israel.