Nutrastar International Inc. (NUIN 3.40, +0.08, +2.41%) , a leading producer and supplier of premium branded Traditional Chinese Medicine ("TCM") consumer products, announced that it has completed its 2010 expansion plans, increasing annual production capacity from 55 tons to 72 tons.
As disclosed in August 2010, in order to expand the Company's branded Chinese Golden Grass product offerings and to meet the raw material demand needed to effectively launch new functional health drink products, the Company planned to increase production capacity to 72 tons by the end of 2010 and to over 100 tons by the end of 2012. The 2010 expansion plans were successfully completed by bringing online three additional production facilities at the Company's production base in Heilongjiang, China.
Ms. Lianyun Han, Founder and Chief Executive Officer of Nutrastar commented, "We are thrilled to have completed this significant expansion project, which increases our annual production capacity by over 30%. This will allow us to continue to expand our product pipeline and market share in the TCM consumer products market." She added, "Our new functional health drinks containing Chinese Golden Grass are now in more than 50 supermarkets and convenience stores in the city of Changzhou, Jiangsu Province. We are looking forward to further expanding distribution of our beverage and other consumer products in 2011."
About Nutrastar International Inc.
Nutrastar is a China based leading producer and supplier of premium branded TCM consumer products including commercially cultivated Chinese Golden Grass ("Cordyceps Militaris") and functional health beverages. Cordyceps Militaris is one of the most highly regarded herbal nutrients in TCM. The Company believes it is the largest manufacturer of bioengineered Chinese Golden Grass in China, ranked by volume, according to China Market Monitoring Center (CMMC), accounting for approximately 19% market share in China. The Company is headquartered in Harbin, capital of Heilongjiang province, with 302 employees, 21 in R&D, and 132 in sales and marketing. The products of Nutrastar are sold throughout China via a direct and distribution network that covers more than 10 provinces. More information may be found at http://www.nutrastarintl.com or e-mail: [email protected]