Gulf Resources announces the commencement of production at factories # Subdivision of Factory 1 and #7
April 11 2019 - 8:30AM
Gulf Resources, Inc. (NASDAQ: GURE) ("Gulf Resources" or the
"Company"), a leading manufacturer of bromine, crude salt and
specialty chemical products in China, today announced that
factories #Subdivision of Factory No. 1 and #7 ( the combination of
Factory #5 and #7) have begun production.
On April 2, 2019, Gulf Resources announced that these two
factories had been approved for reopening and that it expected to
begin operations “within this week or next week.” The Company is
pleased to have met the timeline to which the Company committed.
Mr. Liu Xiaobin, the CEO of Gulf Resources stated, “We are very
happy to begin production at these two factories. As we have noted,
bromine remains at record high prices in China. We look forward to
generating revenues and profits from these factories, while we
continue to work to get our next factories approved for
operation.
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through three wholly-owned
subsidiaries, Shouguang City Haoyuan Chemical Company Limited
(“SCHC”), Shouguang Yuxin Chemical Industry Co., Limited (“SYCI”),
and Daying County Haoyuan Chemical Company Limited (“DCHC”). The
Company believes that it is one of the largest producers of bromine
in China. Elemental Bromine is used to manufacture a wide variety
of compounds utilized in industry and agriculture. Through SYCI,
the Company manufactures chemical products utilized in a variety of
applications, including oil and gas field explorations and
papermaking chemical agents, and materials for human and animal
antibiotics. DCHC was established to further explore and develop
natural gas and brine resources (including bromine and crude salt)
in China. For more information, visit www.gulfresourcesinc.com.
Forward-Looking Statements
Certain statements in this news release contain forward-looking
information about Gulf Resources and its subsidiaries business and
products within the meaning of Rule 175 under the Securities Act of
1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and
are subject to the safe harbor created by those rules. The actual
results may differ materially depending on a number of risk factors
including, but not limited to, the general economic and business
conditions in the PRC, future product development and production
capabilities, shipments to end customers, market acceptance of new
and existing products, additional competition from existing and new
competitors for bromine and other oilfield and power production
chemicals, changes in technology, the ability to make future
bromine asset purchases, and various other factors beyond its
control. All forward-looking statements are expressly qualified in
their entirety by this Cautionary Statement and the risks factors
detailed in the company's reports filed with the Securities and
Exchange Commission. Gulf Resources undertakes no duty to revise or
update any forward-looking statements to reflect events or
circumstances after the date of this release.
CONTACT: Gulf Resources, Inc.
Web: |
http://www.gulfresourcesinc.com |
|
|
|
Director of Investor
Relations |
|
|
|
Helen Xu |
|
|
|
beishengrong@vip.163.com |
Gulf Resources (NASDAQ:GURE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Gulf Resources (NASDAQ:GURE)
Historical Stock Chart
From Sep 2023 to Sep 2024