Asia Bio-Chem Group Corp. Announces the Commencement of Production at its
Daqing Facility
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The Daqing plant has began producing products and management expects to ramp up production during the next 60 days to achieve 85%-90% capacity by year end.
The Company also announces that it has received the third drawdown of RMB 20 million (
"We are extremely pleased to announce that our Daqing facility is operating as expected," said Zhiping Wang, President and CEO of Asia Bio-Chem.
About Asia Bio-Chem Group Corp.
Asia Bio-Chem Group, through its wholly-owned subsidiaries in the Peoples Republic of
This news release contains certain statements that may be deemed "forward looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects,", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward looking statements, except as required by law, in the event that management's beliefs, estimates or opinions, or other factors, should change.
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