JINJIANG, Fujian Province, China, Aug. 18,
2011 /PRNewswire-Asia/ -- China Ceramics Co., Ltd. (NASDAQ
Global Market: CCCL, CCCLW, CCCLU) ("China Ceramics" or the
"Company"), a leading Chinese manufacturer of ceramic tiles used
for exterior siding and for interior flooring and design in
residential and commercial buildings, today announced that the
Company has completed the expansion of its Hengda facility. The
facility is now capable of producing 42 million square meters of
ceramic tiles per year, up from 32 million square meters in the
second quarter of 2011 and an increase from 28 million square
meters as of year-end 2010.
"The completion of capacity expansion at our Hengda facility is
a substantial achievement for us and a key element in the execution
of the Company's strategic growth plan. It enables us to capitalize
upon the increased demand for our products as well as strengthen
our competitive positioning in our industry," said Mr. Jiadong Huang, CEO of China Ceramics. "The new
specialized equipment in Hengda enhances the efficiency of our
operations, enabling us to more economically customize our products
according to customer specifications and to offer new value-added
products that have the potential for higher margins and premium
pricing."
The Company expects that the new capacity at Hengda will ramp-up
to full utilization in about three months. The new equipment at
Hengda will include new kiln and advanced stone-breaking equipment
that will make operations more efficient. China Ceramics' current
total annual production capacity of ceramic tiles is now 52 million
square meters, consisting of 42 million square meters from Hengda
and 10 million square meters from Hengdali. After the completion of
Phase II at Hengdali by the end of 2011, China Ceramics expects to
have a total annual production capacity of approximately 72 million
square meters of ceramic tiles. This is expected to be composed of
42 million square meters of total capacity from the Hengda facility
and 30 million square meters of total capacity from the Hengdali
facility.
The expansion at Hengdali will primarily consist of the
construction of additional plant facilities, the installation of
specialized state-of-the-art equipment and the construction of an
administrative building and staff quarters.
About China Ceramics Co., Ltd
China Ceramics Co., Ltd. is a leading manufacturer of ceramic
tiles in China. The Company's
ceramic tiles are used for exterior siding, interior flooring, and
design in residential and commercial buildings. China Ceramics'
products, sold under the "Hengda" or "HD", "Hengdeli" or "HDL", the
"TOERTO" and "WULIQIAO" brands, and the "Pottery Capital of Tang
Dynasty" brands, are available in over 2,000 styles, colors and
sizes combinations and are distributed through a network of
exclusive distributors or directly to large property developers.
For more information, please visit http://www.cceramics.com.
Safe Harbor Statement
Certain of the statements made in this press release are
"forward-looking statements" within the
meaning and protections of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements include statements
with respect to our beliefs, plans, objectives, goals,
expectations, anticipations, assumptions, estimates, intentions,
and future performance, and involve known and unknown risks,
uncertainties and other factors, which may be beyond our control,
and which may cause the actual results, performance, capital,
ownership or achievements of the Company to be materially different
from future results, performance or achievements expressed or
implied by such forward-looking statements. All statements other
than statements of historical fact are statements that could be
forward-looking statements. You can identify these forward-looking
statements through our use of words such as
"may," "will,"
"anticipate," "assume,"
"should," "indicate,"
"would," "believe,"
"contemplate," "expect,"
"estimate," "continue,"
"plan," "point to,"
"project," "could,"
"intend," "target" and
other similar words and expressions of the future.
All written or oral forward-looking statements attributable
to us are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 20-F for the
year ended December 31, 2010 and
otherwise in our SEC reports and filings, including the final
prospectus for our offering. Such reports are available upon
request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet
website at http://www.sec.gov. We have no obligation and do not
undertake to update, revise or correct any of the forward-looking
statements after the date hereof, or after the respective dates on
which any such statements otherwise are made.
Contact
Information:
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China Ceramics Co.,
Ltd.
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CCG Investor Relations
Inc.
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Edmund Hen, Chief
Financial Officer
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David Rudnick, Account
Manager
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Email: info@cceramics.com
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Email: david.rudnick@ccgir.com
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Phone: +1 (646)
626-4172
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SOURCE China Ceramics Co., Ltd.