DALLAS, TEXAS : StockGuru announces that American Nano Silicon Technology Inc. (OTCBB: ANNO) is in the StockGuru Spotlight. American Nano Silicon Technologies, Inc., through its 95%-owned subsidiary, Nanchong Chunfei Nano Silicon Technologies Co., Ltd., is engaged in the business of manufacturing and distributing micro-nano silicon based products. While the Company’s micro nano silicon based products are focused on the concrete and non-phosphate detergent industries, micro nano silicon (TM) is adaptable to and widely used in many consumer and industrial products, including: laundry detergent, petrochemical, plastics, rubber, paper, ceramics and water treatment materials.
On Tuesday, the company put out news announcing that the Company plans to launch its new product offering – non-halogen phosphate flame retardant additive for plastic industry. The new application of micro nano silicon developed by the Company’s R&D center has passed the stringent flame retardancy standard test and the Company is designing a production line that will ultimately yield production of approximately 30,000 tons per year. The first of these production lines, which will immediately yield up to 5,000 tons of production capacity, will begin construction in October 2010 with the remainder expected to be completed by the summer 2011. The Company expects that upon completion the 30,000 ton production line will yield $35 MM in revenue with $12 MM in net profit annually.
Shares for American Nano Silicon Technology Inc. (OTCBB: ANNO) were steady during the day of trading on Tuesday and closed with no change at closing.
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