NEW YORK, July 3, 2013 /PRNewswire/ -- Asia Carbon
Industries, Inc. ("Asia Carbon", or
the "Company") whose shares trade in the U.S. on the OTCQB Tier of
the OTC Markets under the stock symbol "ACRB", today announced the
completion of its specialty carbon black production facility.
Asia Carbon's Chairwoman of the
Board and Chief Executive Officer, Ms. Guoyun Yao commented, "We
are very pleased to announce the completion of the construction of
specialty carbon black production facility. This represents an
important step in our company's strategic plan. This new production
facility will increase the company's sales revenue and improve the
overall comprehensive benefit in the future. Also it will help the
company better expand the market, develop new area and improve its
competitiveness."
Ms. Yao went on to say, "In order to facilitate the production
and to meet the market demand for the product, our Chief Engineer
and other technical personnel participated in the '2013 the Third
Masterbatch and Multifunction Masterbatch Processing and
Application Technical Seminar' held in Shaoxing, Zhejiang province from June 24 to June 27 this year. The key topics of
the seminar included the domestic and international pigment
technology status and development direction, masterbatch's demand
for carbon black pigment and index requirements, etc. We connected
with participating experts and relevant companies. We will actively
explore new technologies and develop new products to expand our
business space so as to lay the foundation for the company's
long-term development."
While the production capacity of specialty carbon black
production line is about one half of the production capacity of the
traditional carbon black production line, the specialty carbon
black commands prices ranging upwards of $2,400 per ton while traditional carbon black is
typically sold for less than $1,000
per ton.
About Asia Carbon Industries, Inc.
Asia Carbon Industries Inc. is an emerging, China-based producer of a series of high
quality carbon black products under the brand name "Great Double
Star." The Company was established in 2003 in Shanxi, China's highest coal producing
province. Asia Carbon is one of the
top ten carbon black producers in the province and has established
relationships with a high-profile customer base. The Company went
public in 2010 through a registration statement on Form S-1 which
was declared effective by the SEC on October
26, 2010, and is currently in the process of expanding its
manufacturing capacity to meet the anticipated demand.
Forward-looking statements:
The above news release contains forward-looking statements. The
statements contained in this document that are not statements of
historical fact, including but not limited to, statements
identified by the use of terms such as "anticipate," "appear,"
"believe," "could," "estimate," "expect," "hope," "indicate,"
"intend," "likely," "may," "might," "plan," "potential," "project,"
"seek," "should," "will," "would," and other variations or negative
expressions of these terms, including statements related to
expected market trends and the Company's performance, are all
"forward-looking statements" and involve a number of risks and
uncertainties. These statements are based on assumptions that
management believes are reasonable based on currently available
information, and include statements regarding the intent, belief or
current expectations of the Company and its management. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performances, and are subject to a
wide range of external factors, uncertainties, business risks, and
other risks identified in filings made by the company with the
Securities and Exchange Commission. Actual results may differ
materially from those indicated by such forward-looking statements.
The Company expressly disclaims any obligation or undertaking to
update or revise any forward-looking statement contained herein to
reflect any change in the company's expectations with regard
thereto or any change in events, conditions or circumstances upon
which any statement is based.
Company contact:
Elaine Zhao
Asia Carbon Industries, Inc.
Phone: +1-626-386-8062
SOURCE Asia Carbon Industries, Inc.
