15th Jan 2010 12:47
|
Press release |
15 January 2010 |
Sorbic International Plc
("Sorbic International or "the Group" or "the Company")
Result of General Meeting
Sorbic International, (AIM: SORB.L), the third largest sorbates producer in China, announces that, at the general meeting held today, all of the resolutions put to shareholders were duly passed.
- Ends -
For further information, please contact:
|
Sorbic International Plc |
|
|
John McLean, Chairman |
Tel: +44 (0)7768 031 454 |
|
FinnCap |
|
|
Geoff Nash / Ed Frisby |
Tel: +44 (0)20 7600 1658 |
Media enquiries:
|
Abchurch Communications |
Tel: +44 (0)20 7398 7709 |
|
Joanne Shears / Mark Dixon |
About Sorbic International
Sorbic International, based in the Chinese province of Shandong, is involved in the production and sale of food preservative sorbates.
Sorbic listed on AIM in September 2008 and operates from its 33,000 m2 production facility in Linyi City, (population 10 million), Shandong Province. The Company will double its sorbate production capacity to 15,000 tpa with 2 new lines to be located in Inner Mongolia. These are expected to be completed in autumn of 2010, with a total investment of RMB 103.5 million (£9.3 million).
Sorbic International is the third largest sorbates producer in China, with a current production capacity of 7,500 tonnes per annum of sorbate, 46% of which is exported to the European and North American markets.
Sorbic operates within a growing industry with global demand for sorbates being driven by the increase in the world's population and higher demand for food. As Sodium Benzoate, the main alternative to the Company's product is being phased out in the US, Europe and Japan, the market opportunity for Sorbic is significant.
Further information on Sorbic International can be found at www.sorbicinternational.com.
Related Shares:
Sorbic International