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Update on Ulanqab City manufacturing facility

26th Mar 2012 15:00

RNS Number : 0882A
Sorbic International PLC
26 March 2012
 



 

 

Press Release

26 March 2012

 

 

Sorbic International plc

 

("Sorbic" or the "Company")

 

Update on Ulanqab City manufacturing facility

 

Sorbic International plc (AIM:SORB), the third largest sorbates producer in China, provides the following update on its manufacturing facility in Ulanqab City, Inner Mongolia.

 

On 23 March 2012, the Company received official notification from the Ulanqab, Inner Mongolia local authority that the industrial zone, in which Sorbic's manufacturing facility is situated, has been identified as an area that may be rezoned as a city zone for urban planning. The Board believes that any zone reclassification in Ulanqab City will require the full approval of the Inner Mongolian government as it would effect a number of businesses operating in the industrial zone.

 

The Board has requested additional clarity on the proposals submitted and upon receipt, it will then evaluate what the possible implications are to the Company, prior to updating the market again.

 

- 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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