This piece of news reads very positive and could propel the share price from 48 cents today to beyond 52 cents this week.
Mr Xu Cheng Qiu, the Company’s Executive Chairman said, “This year is a good year to expand our facilities. We have already received more accreditation for our 6PPD from most of our major customers, and more orders are coming in. This product has great potential and we expect that it will contribute positively to the Group’s performance. We also further expanded another 4,000-ton MBTS facility in our Weifang plant to cater to higher demand.
"For DCBS, thanks to our continuous innovation, we managed to reduce our production cost, and at the same time reached “zero-discharge” of highly pollutive wastewater outside the compounds of the factory during the production process. With the reactivation and expansion of DCBS and MBTS facilities, respectively, our Group’s world No 1 accelerator producer position is further strengthened.”
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