Nutrastar International Inc. (OTC Bulletin Board: NUIN; "Nutrastar" or the "Company"), a leading nutraceutical company which produces and distributes Chinese Golden Grass ("Cordyceps Militaris"), has announced that in July 2010 it initiated a significant expansion of its Golden Grass manufacturing facilities, increasing production capacity by 30.9% to 72 tons annually.
In order to meet the raw material needs of their new beverage products and to expand sales of their small packages of Golden Grass, the company will invest RMB 10 million (US$ 1.46 million) to add 10 plants to its production line. Initially, RMB 4 million (US$ 0.58 million) will be invested in 2010 to launch 3 plants which will begin operating in the second half of 2010. The Company anticipates that the entire project will be completed in 2012. Annual production capacity of Golden Grass is expected to increase to 72 tons in 2010, up from 55 tons in 2009.
Ms. Lianyun Han, Founder and Chief Executive Officer of Nutrastar commented, "As a result of increasing consumer demand and new beverage product launching, we've had to significantly increase our production capabilities by expanding our current plants—increasing capacity by an astounding 31%. We are very pleased to have embarked on this expansion project and are excited to have the production capacity needed for our growth going forward."
About Nutrastar International, Inc.