TAIAN CITY, Shandong, China, Aug. 14 /Xinhua-PRNewswire/ -- China
Nanotech, Inc., formerly Zeolite Exploration Company (OTC Bulletin Board:
ZXPL), a leading nano precipitated calcium carbonate (NPCC) and coal-based
chemical products manufacturer in the People's Republic of China ("PRC"),
today announced the opening of its new advanced NPCC factory in Xianyang
City, Shaanxi province. The new factory will employ China Nanotech's
proprietary technology, co-developed with China's Tsinghua University,
which significantly reduces the cost of producing NPCC, while enhancing the
product quality and range of applications for which this versatile
nano-scale material can be used.
China Nanotech is a leading manufacturer of NPCC and specialty
chemicals in the People's Republic of China, who is the only company listed
on foreign stock market in the nano material production industry in China,
as well as the only company in China currently supplying NPCC to the
domestic Chinese tire market.
The new facilities at the Shengda Industrial Park in Xianyang City are
planned in three phases. The industrial park occupies 500 Chinese acres
(333,000 sqm), and the first phase of expansion is expected to cost
approximately RMB200 million, while increasing the Company's annual
capacity for NPCC by 60,000 tons once operations are fully scaled up. If
completed, the third phase of construction at Shengda Industrial Park is
expected to take production capacity to 1 million tons of NPCC per year.
The new factory will employ China Nanotech's proprietary breakthrough
Membrane Diffusion technology developed in collaboration with Tsinghua
University in China. The Membrane Diffusion process offers significant
advantages over both the traditional manufacturing method for NPCC and the
more advanced "Ultra-Gravity" technology. Like the "Ultra-Gravity" process,
the Membrane Diffusion process significantly increases production
efficiency and stabilizes the grain size of NPCC, so as to enhance product
quality. However, the Membrane Diffusion technology significantly reduces
production costs as compared to the high-cost Ultra-Gravity process, while
also improving quality control and consistency.
"China Nanotech's new Shaanxi factory is the first industrial
application of the breakthrough Membrane Diffusion method for NPCC
production in the world," said Mr. Xiangzhi Chen, President, CEO and
Director of China Nanotech. "By adopting this technology, we expect to
realize a significant competitive advantage in the burgeoning global market
for NPCC. We have already successfully tested the product in applications
including tires, rubber, plastic and coating, and believe this will give us
a platform to develop exciting new applications for this versatile
The Membrane Diffusion process results in a desirable narrow grain
structure of within 30-60 nanometers with stable product quality, while
also enhancing the usage of carbon dioxide. As compared to other
approaches, the production process has the characteristics of a compact
structure, primarily using non-moving parts, stable operations, strong
elasticity, low energy consumption, and low production costs.
About China Nanotech Inc.
China Nanotech, Inc. is engaged in the business of manufacturing,
marketing and selling a variety of nano precipitated calcium carbonate
("NPCC") products and coal-based chemicals for use in various applications.
China Nanotech converts limestone into NPCC using its proprietary
technology. The unique chemical and physical attributes make NPCC a
valuable ingredient in tires, polyvinyl chloride ("PVC") building
materials, paints and other products. It enhances the durability of many
products by increased strength, heat resistance, and dimension
stabilization. China Nanotech is also engaged in the manufacture and sale
of coal based chemical products namely ammonium bicarbonate, liquid
ammonia, melamine and methanol. China Nanotech markets and sells its
coal-based products mainly for chemical fertilizers and raw materials in
the production of organic and inorganic chemical products, including
formaldehyde and pesticides.
Safe Harbor Statement Under the Private Securities Litigation Reform
Act of 1995: Any statements set forth above that are not historical facts
are forward-looking statements that involve risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements, which may include, but are not limited to, such
factors as unanticipated changes in product demand especially in the tire
industry, changes in composition of tires, pricing and demand trends for
the Company's chemical products, changes to government regulations, risk
associated with operation of the Company's new manufacturing facility, risk
associated with large scale implementation of the New NPCC manufacturing
process, the ability to attract new customers, ability to increase its
product's applications, ability of its customers to sell products, cost of
raw material, downturns in the Chinese economy, and other information
detailed from time to time in the Company's filings and future filings with
the United States Securities and Exchange Commission.
For more information, please contact:
President of CCG Elite
Tel: +1-310-231-8600 x103
China Nanotech, Inc.
SOURCE China Nanotech, Inc.