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SOURCE American Lorain Corporation
Chestnut Production Upgrade Listed as Key Supported Project by NDRC
LINYI, China, Feb. 10, 2014 /PRNewswire/ -- American Lorain Corporation (NYSE MKT: ALN) ("American Lorain" or the "Company"), an international processed snack foods, convenience foods, and frozen foods company based in the Shandong Province, China, today provided updates for its chestnut production automation upgrade.
The project was initiated in late 2013 to enhance the automation and quality for American Lorain's chestnut production line, and is expected to finish by mid-2014. The project entails replacement and automation upgrades for key production procedures for chestnut products, and introduces numerous new equipments such as an additional chestnut decladding line, automated chestnut packaging line, chestnut vacuum saturator, chestnut sorting line, etc. The project also includes the construction of a 10,000 m2 new workshop. The project was listed as a key supported project by National Development and Reform Commission ("NDRC").
Mr. Si Chen, Chairman and CEO of American Lorain, commented: "We are very pleased to provide an update for this important automation upgrade. Before, some of the production procedures such as decladding are manual and low efficiency. As we see production costs, most notably labor but also other inputs, continue to rise, we feel imperative to upgrade the automation level, reduce our reliance on heavy labor, lower cost, and thus enhance the competitiveness of our products. The upgrade also enables us to enhance the quality, color, and taste of our existing products, and thus enhance the value added for our products. We look forward to the timely finish of the upgrade and will update the market again when we come close to the conclusion of the project."
About American Lorain Corporation
American Lorain Corporation's products include chestnut products, convenience food products and frozen food products. The Company sells its products to most provinces in domestic China as well as numerous export markets in Asia and Europe. The Company operates through its five direct and indirect subsidiaries and one leased factory located in China. For further information about American Lorain Corporation, please visit the Company's website at http://www.americanlorain.com.
This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to, the Company's ability to obtain the necessary financing to continue and expand operations, to market its products in new markets and to offer products at competitive pricing, to attract and retain management, and to integrate and maintain technical information and management information systems, political and economic factors in the PRC, compliance requirement of laws and regulations of the PRC, the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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