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China-Biotics Inc. (CHBT) Updates Community on Recent Developments

QualityStocks (October 28th, 2009) Writes:

Prominent probiotic manufacturer and developer China-Biotics, Inc. recently took the opportunity to update the financial community on its current business climate.

In September and October, China-Biotics added eight new bulk additive customers, raising its total number to 24. The newly signed customers are mainly engaged in manufacture of dairy, nutritional supplement, and animal feed products. Additionally, Phase I trial production recently began at its new state-of-the-art production facility in Qing Pu Industrial Park in Shanghai. Phase I has a production capacity of 150 metric tons of probiotics per year.

Excitedly, the company has strengthened its senior management team to support operations at the new facility. China-Biotics welcomes Mr. Bin Li, vice general manager of manufacturing, and Dr. Xiaoping Zhang, deputy director of R&D center. Mr. Li brings knowledge and expertise in dairy and yogurt production, having previously served as general manager of Yili Group Beijing Branch. Meanwhile, Dr. Zhang has substantial expertise

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