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China Ruitai Procures Cellulose Ether Contract

Published on 2010-10-14. Author : SpecialChem

China Ruitai International Holdings Co., Ltd. (China Ruitai) has announced the procurement of a contract from Thinfim, Shanghai-based pharmaceutical tablet and pill coating company. China Ruitai is a manufacturer and distributor of cellulose ether additives for use in the production of pharmaceuticals, construction materials and adhesives, cosmetics and foods and beverages. The contract is valued at $0.5 million.

As per Mr. Dianmin, Chairman of China Ruitai ThinFilm order is the result of the focus in the pharmaceutical industry where greatest potential for high-end, high-margin customized cellulose ether products can be seen.

The companys's cellulose ethers cater to a variety of industries in China including the pharmaceutical, packaged food, personal care and cosmetics, and construction industries. As per the requirement cellulose ethers are used as coating and binding agent for pharmaceutical drugs, a thickening agent in cosmetics, personal care and foods, a hardening agent for PVC and an adhesive for paints and glues.

The Company has created a dedicated sales department (based in the Company's Feicheng Headquarters in the Shandong province) looking at the rising demand for the Company's ethyl crystalline ("EC") product line from pharmaceutical customers. EC is the Company's highest margin product line and typically sells at 50-plus percent gross margins. Average selling price of China Ruitai's organic, cotton-based cellulose are approximately $12,000 per ton.

About China Ruitai International Holdings Co.

China Ruitai, through its wholly-owned subsidiary, Pacific Capital Group and its majority-owned subsidiary, TaiAn, is engaged in the production, sales, and exportation of deeply processed chemicals, with a primary focus on non- ionic cellulose ether products. Cellulose ether is an organic chemical that dissolves in water and other organic solvents. Due to the surface-active properties of cellulose ether, it acts as a thickener and stabilizer in aqueous solutions, making it a beneficial additive in a wide variety of commercial industries and products, including, but not limited to the pharmaceutical industry, the construction industry, PVC products, food and beverage products, petroleum, and cosmetics. Specific examples of applications in which cellulose ether products are used include: as a stabilizer and thickener in latex paint; in mortar dry mix for building materials; to improve the performance of resin in PVC production; as a membrane reagent, stabilizer, and thickener in pharmaceuticals; and to improve jam, ice cream, toothpaste and lipsticks in the food and cosmetic industries. TaiAn is one of the largest non-ionic cellulose ether producers in China.

Forward-Looking Statements

Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward- looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

Source: Specialchem Editorial Team
Based on information displayed on http://finance.yahoo.com/news/China-Ruitai-Secures-50-Ton-prnews-777004227.html?x=0&.v=35


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