DGAP-News: CBF China Bio-Fertilizer AG doubles production capacities
(firmenpresse) - DGAP-News: CBF China Bio-Fertilizer AG / Key word(s): Miscellaneous
CBF China Bio-Fertilizer AG doubles production capacities
31.01.2011 / 08:00
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Hamburg, Germany, 31 January 2011 - After its successful listing in the
Entry Standard of Deutsche Börse in Frankfurt on 10 December 2010, CBF
China Bio-Fertilizer AG used parts of the offering proceeds in order to
expand the company's production facilities. The new production line in the
Shandong plant has an additional production capacity of 10,000 tonnes of
biological fertilizer per annum, which increases the total annual capacity
to 20,000 tonnes. The construction has been completed and the production
line will be put into operation in mid February. The total investment
amounts to RMB 23 million (EUR 2.5 million).
'We will fine tune and test run the new production line during the upcoming
Chinese New Year Holiday and start the commercial production in mid
February,' explains Tao JIANG, CEO of CBF China Bio-Fertilizer AG. 'With
this new production line our annual production capacity increases by 10,000
tonnes. We intend to further expand our production facilities and therewith
triple the annual production capacity to 30,000 tonnes in the second half
of this year.'
Bacteria-based biological fertilizer
CBF's bio fertilizer primarily consist of two different bacteria that, when
put in the ground with the conventional fertilizers convert phosphorus and
potassium into a form that is easily absorbed by plants. Using this bio
fertilizer reduces the need for chemical fertilizers by up to 30% and,
depending on the type of plant, boosts crop yields by up to 30%.
About CBF China Bio-Fertilizer AG
CBF China Bio-Fertilizer AG ('CBF') produces and distributes bio fertilizer
through its operating subsidiary in China. Based on its own estimates, the
company is the market leader in the Chinese market for bio fertilizer. Its
products reduce the use of conventional fertilizers and simultaneously
boost crop yields. CBF is licensed by the Ministry of Agriculture of the
People's Republic of China.
The operating subsidiary of CBF 'Shandong Chengwu Jiuzhou Science and
Technology Development Company Limited' was founded in Shandong Province,
China, in 2005, with a view to exploiting biotechnological processes for
agriculture. After three years of development work, in May 2009 the company
launched its first bio fertilizer product based on microorganisms in the
Chinese market under the brand name 'Xin Sheng Li'. At present CBF
distributes its bio fertilizer in seven of 26 Chinese provinces. The
company intends to expand to further provinces. CBF currently sells its
fertilizer directly to major agricultural cooperatives, plantations and
wholesalers in China.
In the first half-year of 2010, the company had already reported sales of
RMB 50.7 million (EUR 5.7 million) with net profit of RMB 24.2 million (EUR
2.7 million). Its net profit margin therefore remained stable at 48% in the
first half of 2010.
For more information, please contact:
Kirchhoff Consult AG
Janina Wismar, Tel.: +49 (0)40 6091 860, janina.wismar(at)kirchhoff.de
or go to www.chinabiofertilizer.com
Disclaimer
This publication constitutes neither an offer for the sale of or an
invitation to buy securities of CBF China Bio-Fertilizer AG.
This document is not an offer for securities for sale in the United States
of America. Securities may only be sold or offered for sale in the United
States of America following their prior registration in accordance with the
provisions of the U.S. Securities Act of 1933 as amended or, without prior
registration, only on the basis of an exemption. The shares of CBF China
Bio-Fertilizer AG are not and shall not be registered in accordance with
the provisions of the U.S. Securities Act of 1933 as amended and are
neither sold nor offered for sale in the United States of America.
This document is only distributed to and targeted at (i) persons outside of
the United Kingdom or (ii) professional investors pursuant to Article 19(5)
of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 or (iii) companies with assets and other persons with assets pursuant
to Articles 49(2)(a) to (d) of the Order (with these persons being referred
to as 'qualified persons'). All securities referred to here are available
to qualified persons only and any request, offer or agreement to obtain,
purchase or acquire such securities by any other means shall only be made
in relation to qualified persons. Individuals who are not qualified persons
should under no circumstances take action on the basis of this information
or its content.
End of Corporate News
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31.01.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: CBF China Bio-Fertilizer AG
Schopenstehl 22
20095 Hamburg
Deutschland
E-mail: hwong(at)chinabiofertilizer.com
Internet: www.chinabiofertilizer.com
ISIN: DE000A0AFEV5
WKN: A0AFEV
Listed: Entry Standard in Frankfurt
End of News DGAP News-Service
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110401 31.01.2011
Datum: 31.01.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 33080
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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