If after due diligence the Company decides to complete the acquisition, Sino Clean Energy will control a 60% stake in Foshan Nan Hai, a producer and distributor of CWSF in China.
2 million metric tons and reserved capacity of 1 million metric tons and is widely recognized as the largest producer of CWSF in China.
We believe that Foshan Nan Hai is a significant producer of CWSF producer in China and that the local market it serves shows strong growth potential.
Jamie won Best of Fair in Lambton county and a CWSF
The company said that the new CWSF facility commenced operations on 4 January 2011.
This new CWSF production facility expands Sino Clean Energy's total annual production capacity to 1,150,000 metric tons.
In addition, the company claimed to have signed supply agreements with four customers, including Yongchang Paper and Tongyi Group, to deliver a combined almost 200,000 MT of CWSF over the next 12 months.
Additionally, the company said it is targeting large CWSF
customers in Guangdong, as the province is one of the most economically developed in China.