Business
Asia Bio-Chem Announces Significant Developments
Asia Bio-Chem Announces Significant Developments
About this update from Absolutely Critical Resources Corp.
[{"type":"text","content":"\n\n\n\n Dec. 14, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX: ABC\n\n\n- Reopens Changtu Facility, Implements Intermodal Loading Dock at the Daqing\n Facility, and Increases Operating Line of Credit with China Construction Bank -\n\n\nTORONTO, Dec. 14 /CNW/ - Asia Bio-Chem Group Corp. (TSX: ABC) ("Asia\n Bio-Chem" or the "Company") is pleased to announce that it has\n successfully completed the upgrade and relocation of its Changtu\n facility.  This project is the first phase ("Phase 1") of the\n development of the Changtu Corn Bio Chemical Industrial Park, which has\n been established in cooperation with the Changtu county government. \n\n\n"This is an extremely important milestone for our Company as it\n positions us at the top of our industry in terms of production\n processes and product quality." said Zhiping Wang, President and\n CEO. "This project will help our current and future customers comply\n with their customer's requirements to provide stable, quality product\n together with full environmental compliance."\n\n\nPhase 1 included an upgrade of Asia Bio-Chem's Changtu plant in the\n areas of evaporation, dewatering, and packaging. These upgrades will\n improve efficiencies by reducing steam, electricity, and water usage.\n Also, by undertaking these upgrades the Company has now satisfied the\n latest requirements of the international food and beverage industry,\n thereby allowing the Company t...