WEIFANG, Shandong, China, Oct. 17 /Xinhua-PRNewswire-FirstCall/ -- Shengtai Pharmaceutical, Inc. (OTC Bulletin Board: SGTI) (''Shengtai'' or ''the Company''), a leading manufacturer and distributor of high-quality, pharmaceutical grade glucose products in China, today announced that it has completed factory improvements providing technological and environmental best practices in the Company's cornstarch facility.
The Company's improvement of the water treatment program in the cornstarch production facility has resulted in a significant reduction of protein deposits from its sewage. These technological enhancements led to the removal of three high-power pumps and a cold water tower, which lowered the plant's monthly electricity usage by approximately 8,000 kWh. Additionally, higher plant efficiency was attained through reduced labor costs and a noticeably streamlined production facility.
"These changes will improve our factory's efficiency and provide cost reductions," said Mr. Qingtai Liu, Chairman and CEO of Shengtai Pharmaceutical. "We are dedicated to improving our technology and maintaining a state-of-the-art production facility to ensure the highest-quality products for our customers and the best environment for our workforce."
About Shengtai Pharmaceutical, Inc.
Shengtai Pharmaceutical, Inc. through its wholly-owned subsidiary Shengtai Holding, Inc. (SHI), a New Jersey corporation, and the Chinese operating company of Weifang Shengtai Pharmaceutical Co., Ltd., is a leading manufacturer and supplier of pharmaceutical grade glucose used for medical purposes, and the glucose and cornstarch products for the food and beverage industry and for industrial production in China. For more information about Shengtai Pharmaceutical, Inc., please visit http://www.shengtaipharmaceutical.com .
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: Certain statements in this press release and oral statements
made by the Company constitute forward-looking statements for purposes of
the safe harbor provisions under The Private Securities Litigation Reform
Act of 1995. These statements include, without limitation, statements
regarding our ability to prepare the company for growth, the Company's
planned capacity expansion in 2008 and predictions and guidance relating to
the Company's future financial performance. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we believe may
affect our financial condition, results of operations, business strategy
and financial needs but they involve risks and uncertainties that could
cause actual results to differ materially from those in the forward-looking
statements, which may include, but are not limited to, such factors as
unanticipated changes in product demand especially in the pharmaceutical
industry, pricing and demand trends for the Company's products, changes to
government regulations, risk associated with operation of the Company's new
facilities, risk associated with large scale implementation of the
company's business plan, the ability to attract new customers, ability to
increase its product's applications, cost of raw materials, downturns in
the Chinese economy, and other information detailed from time to time in
the Company's filings and future filings with the United States Securities
and Exchange Commission. Investors are urged to consider these factors
carefully in evaluating the forward-looking statements herein and are
cautioned not to place undue reliance on such forward-looking statements,
which are qualified in their entirety by this cautionary statement. The
forward-looking statements made herein speak only as of the date of this
press release and the Company undertakes no duty to update any
forward-looking statement to conform the statement to actual results or
changes in the company's expectations.
For more information, please contact:
Shengtai Pharmaceutical, Inc.
Ms. Yiru Melody Shi
Chief Financial Officer
|SOURCE Shengtai Pharmaceutical, Inc.|
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