JIUQUAN, China, Oct. 26, 2021 /PRNewswire/ -- Qilian
International Holding Group Limited (Nasdaq: QLI) (the "Company"),
a China-based pharmaceutical and
chemical products manufacturer, today announced that the Company
has completed phase one of the expansion of its new organic
fertilizer production facility. As a result, the Company's annual
production capacity of organic fertilizers has increased to 30,000
tons. After the Expansion is fully complete, the Company's annual
production capacity of organic fertilizers is expected to reach
50,000 tons. The installation and commission of production
equipment and the construction of supporting facilities have been
completed and put into production after optimization and
improvement.
According to the Company's overall development plan, the
Expansion is key to improving the Company's whole industrial chain.
Started in September 2020,the Expansion consists of installing a
complete set of production lines including a new fermentation field
with a volume of 84,000 cubic meters (approximately 296,6432 cubic
feet), a drying field with an area of 35,000 square meters
(approximately 37,6737 square feet), a raw material warehouse with
an area of 540 square meters (approximately 5,812 square feet), a
finished product warehouse of 1,872 square meters (approximately
20,150 square feet), a raw material storage tank of 900 cubic
meters (approximately 3,1783 cubic feet), and advanced production
equipment and supporting facilities.
The Company's subsidiary Moshangfa Fertilizer Industry Co.,
Ltd., formerly known as Jiuquan Qiming Biotechnology Co., Ltd., is
a technological company that focuses on the research and
development, production and sales of organic fertilizers,
bio-organic fertilizers, organic-inorganic compound fertilizers,
compound microbial fertilizers, flushing fertilizers, substrates,
soil conditioners and other series of fertilizers. Bio-organic
fertilizer under the "Moshangfa" brand has won the trust of farmers
because we believe that its effectiveness lasts longer, prevents
root rot in crops, helps grow roots, and significantly increases
crop yields. The "Moshangfa" brand bio-organic fertilizer is sold
in large quantities to customers in Shaanxi Province, Gansu Province, Qinghai Province and Ningxia Hui Autonomous
Region, Xinjiang Uygur Autonomous Region, Sichuan Province, Shanxi Province, Tibet Autonomous Region,
Inner Mongolia Autonomous Region and other places. The market
demand for the "Moshangfa" brand bio-organic fertilizer continues
to grow.
Mr. Zhanchang Xin, Chairman and CEO of the Company, commented,
"The completion of phase one of the Expansion will enable the
Company's production capacity of various organic fertilizers to
reach more than 30,000 tons within a year and enhance the Company's
market competitiveness. At the same time, the Expansion will
vigorously promote the recycle of local rural livestock and poultry
manures and agricultural wastes, effectively control pollution
emissions from the breeding industry, promote the development of
local modern agriculture, and play an active role in the
implementation of the national organic agricultural development
strategy."
About Qilian International Holding Group Limited
Qilian International Holding Group Limited, headquartered in
Gansu, China, is a pharmaceutical
and chemical products manufacturer in China. It focuses on the development,
manufacture, marketing and sale of licorice products,
oxytetracycline products, traditional Chinese medicine derivatives
product, heparin product, sausage casings, and fertilizers. The
Company's products are sold in more than 20 provinces in
China. For more information, visit
the company's website at http://qilianinternational.com/
Forward-Looking Statements
This announcement contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy, financial
needs and the successful construction of the pig by-product
processing project facility. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or
other similar expressions. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and in its
other filings with the SEC.
For more information, please contact:
Qilian International Holding Group Limited
Email: QLI@qlsyy.net
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SOURCE Qilian International Holding Group Limited