China-Biotics (CHBT) Signs Supply Contracts with 2 Dairy Manufacturers
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China-Biotics, Inc. (Nasdaq: CHBT) today announced it has signed contracts with two dairy manufacturers - Panda Dairy Product Co., Ltd. and Golden Sunshine Dairy Product Co., Ltd. to supply probiotics as bulk additives for milk powder and yogurt products. Under the one-year contracts, China-Biotics will provide probiotics and related after sales support.
The initial order from Panda Dairy includes 200 kilograms of Lactobacillus acidophilus and Bifidobacterium bifidum and other probiotics, which will be added to milk powder to enhance product value. The initial order from Golden Sunshine Dairy includes 100 kilograms of Lactobacillus casei, which will be used to produce fermented yogurt. Both manufacturers have established highly recognized brands in regional markets.
In addition to the current annual manufacturing capacity of nine metric tons of probiotics for use as bulk additives and capsules, the Company expects to start operations at its new facility capable of producing 150 metric tons of probiotics per year in February 2009. Trial production will commence in January 2009.
China-Biotics, Inc. engages in the research, development, production, marketing, and distribution of probiotics products in the People's Republic of China.
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