China RuiTai biopolysaccharide pilot completed; moving to mass production

Aug 04, 2008

China RuiTai International Holdings (OTC BB: CRUI), a producer and distributor of cellulose ether products, said it completed a pilot run for producing biopolysaccharide and is now ready for mass production.

Biopolysaccharide is a water-soluble, viscous polysaccharide that can be made into film and fiber and can be used in medicine capsules and recyclable shopping bags.

It also has applications in the cosmetic and food industries.

Upon completion of its new plant, RuiTai will be capable of producing 100 tons of biopolysaccharide a year.

The company's management said it expects to begin mass production in the fourth quarter and estimates the selling price for biopolysaccharide to be 200,000 yuan a ton.

China's demand for biopolysaccharide in the pharmaceutical industry is estimated to be about 2,000 tons per year, RuiTai said.

The company is one of the largest non-ionic cellulose ether producers in China and supplies the pharmaceutical, PVC, oil field exploration and construction industries worldwide.
　