China RuiTai International Holdings Retains CCG Elite for Investor Relation...( TAI'AN China March 25 /Xinhua-- C...),Health
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China RuiTai International Holdings Retains CCG Elite for Investor Relations Services
Date:3/25/2008
TAI'AN, China, March 25 /Xinhua-PRNewswire-FirstCall/ -- China RuiTai International Holdings Co., Ltd. (OTC Bulletin Board: CRUI) (''China RuiTai'' or ''the Company''), a leading producer and distributor of cellulose ether products in the People's Republic of China (''PRC''), today announced that it has retained CCG Elite to design and execute its investor relations campaign.
China RuiTai's primary operations are conducted through TaiAn RuiTai Cellulose Co., Ltd. (''TaiAn''), a company organized under the laws of the PRC and 99% owned by China RuiTai's wholly-owned subsidiary, Pacific Capital Group Co., Ltd. TaiAn commenced operations in 1999 and engages in the sale of deeply processed chemicals with a primary focus on non-ionic cellulose ether products. Cellulose ether is an organic chemical that dissolves in water and other organic solvents; it acts as a thickener and stabilizer in aqueous solutions, as well an additive in various commercial industries and products. Based on research from the Freedonia Group, the worldwide market for cellulose ether products is expected to reach $1.0 billion by 2010.
The Company sells its products under twelve major product lines marketed under the brand name ''RuiTai.'' The Company's products are used in various applications, such as a stabilizer and thickener in latex paint, in mortar dry mix for building materials, to improve the performance of resin in PVC production and as a membrane reagent stabilizer and thickener in pharmaceuticals and in other applications in the food and cosmetics industries. In the first half of 2007 the Company generated revenues of $16.6 million and net income of $2.8 million, up 33% and 65%, respectively from the year ago period. China RuiTai has thirty sales offices throughout China. In 2007 the Company exported approximately 2,400 tons of cellulose ether products to foreign markets in the United States, Europe, India, the Middle East, and South East Asia.
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| SOURCE China RuiTai International Holdings Co., Ltd. Copyright©2008 PR Newswire. All rights reserved |
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