ANHUI, China, Sept. 17, 2008 (GLOBE NEWSWIRE) -- China Runji Cement Inc. (OTCBB:CRJI) ("Runji" or "the Company"), a leading producer and distributor of cement in Anhui Province, PRC, today announces that its newly built second cement clinker production line of 2,500 t/d (tons per day) has been put into production, and achieved designed standard production capacity on September 8, 2008.
On August 28, 2008, Runji's second cement clinker production line of 2,500t/d was successfully put in trial production, and on September 8, 2008, the newly built second production line successfully achieved designed production targets of 2,500 t/d. The Company invested a total of US$20 million in constructing the second production line, which adopts the most advanced technologies of clinker production line for decomposition outside the kiln and DCS (Distributed Control System) automatic control system. The second line has met the national standards concerning its high quality, environmental friendly, low energy consumption and large production capacity. The designed production capacity of the second production line is 775,000 tons annually. In 2007, the Company's first cement production line of 2,500 t/d produced 941,000 tons of cement clinker and supplied 1,160,000 tons of cement to our clients. All our products have met the national standard and were awarded "Anhui Province Green Building Material." In 2009, the Company is expected to produce 1,750,000 tons of cement clinker and supply 1,950,000 tons of cement to its market.
At present, the company is also committed to the construction of a waste heat generator with total investment of US$10 million. The waste heat generator project is an energy-saving project with official priority support according to governmental industrial policies. The project is expected to be completed in January 2009, which will greatly decrease our electronic consumption and increase our profitability.
"We are pleased to announce that Runji has succeeded in achieving production targets for the newly built second cement clinker production line, which is a crucial step towards our strategic goals," Runji Chairman and CEO, Mr. Zhao Shouren stated. "With the successful production of the second cement clinker production line, our production capacity for cement clinker has been doubled. The achievement will not only enhance our overall competitive capacity in this region, but also bring us advantages and opportunities to expand market share and accelerate further development."
About China Runji Cement Inc.
Founded in 2003, China Runji Cement, Inc. is one of the leading players in cement production and distribution. In October 2007, the Company became a U.S. public company following the completion of a share exchange with Fitmedia Inc. The Company's certified manufacturing facilities containing cutting-edge technology and advanced equipment and are capable of producing as much as 2 million tons of cement annually. Furthermore, the Company's solid distribution network and customer-orientated services have earned Runji's products a superior reputation among its customers. Headquartered in Anhui Province, the Company's markets include major local cities such as Hefei, Nanjing, and Liu'an.
For more information on the Company and its products, please visit http://www.chinarunji.com/index.asp.
Safe Harbor Statement
This press release contains certain statements that may include 'forward-looking statements' as defined in the Securities Act of 1933, and the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included herein are 'forward-looking statements'. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.