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Trading Update

26th Oct 2011 07:00

RNS Number : 8388Q
Sorbic International PLC
26 October 2011
 



 

 

Press Release

26 October 2011

 

 

Sorbic International plc

 

("Sorbic International" or the "Company")

 

Trading Update

 

Sorbic International plc (AIM:SORB), the third largest sorbates producer in China, today provides a trading update ahead of its Preliminary Results which will be announced in early December 2011.

 

The Board is pleased to confirm that trading for the year ended 30 September 2011 was in line with market expectations. Construction of the Company's new production facility in Ulanqab City, Inner Mongolia, remains on schedule with the potassium sorbate line almost complete and ready for production in early 2012.

 

John McLean, Chairman of Sorbic International, said: "The Board looks forward to updating shareholders on the imminent completion of the Company's new facility, which will significantly increase production capacity. Trading is in line with expectations, and the Board will give a further update at the time of the results. We remain confident about the Company's growth prospects."

 

- Ends -

 

For further information:

Sorbic International plc

Tel: +44 (0)7768 031 454

John McLean, Chairman

www.sorbicinternational.com

FinnCap

Geoff Nash / Ben Thompson/ Simon Starr (broking)

Tel: +44 (0) 20 7600 1658

 

Media enquiries:

Abchurch Communications

Joanne Shears / Mark Dixon

Tel: +44 (0)20 7398 7709

[email protected]

www.abchurch-group.com

 

 

Notes to Editors: www.sorbicinternational.com

 

About Sorbic International plc

Sorbic International's principal activity is the production and sale of the food preservatives Sorbic Acid and Potassium Sorbate from its base in Linyi City, Shandong Province, Peoples Republic of China. Approximately half of Sorbic International's production is sold to overseas markets, across 46 countries and half into the Chinese domestic market.

 

Sorbic Acid is a naturally occurring organic compound that is used in all kinds of foods for its anti-decomposition and anti-fungus function and also in grains, medicines, cosmetics, toothpaste, tobacco, animal feed, latex, paper-manufacturing and pesticides. Potassium Sorbate is used to inhibit moulds and yeasts in many foods, such as cheese, wine, yogurt, dried meat, baked goods, cosmetics and pharmaceuticals.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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