Dallas, Texas (November 23, 2011) – StockGuru Shines its Spotlight on Falken Industries Ltd (OTCBB: FLKI) upon the announcement yesterday that the Company has started enhanced operations at the expanded plant for the production of its biodegradable product line conceptions. Expansion of the existing European plant will increase production capacity for the biodegradable collection from 8,000 to 20,000 metric tons per year. At the same time, FLKI will ramp up compounding capacity for derivative products in the Clean Plus® branded Eco-pledge certified biodegradable product conceptions.
The Company closed on November 22, 2011, at $0.0481, trading in a fifty-two week range of $0.14 to 0.001.
– Production capacity for biodegradable product conceptions notably in wet wipes increases by 20,000 metric tons per year
– Production of consumer, professional and industrial vehicular care products based on renewable raw materials also rises
– Falken expects significant market growth for biodegradable product conceptions through 2020
“We are already successful in the market with our unique biodegradable wet wipe productions and the related innovations that have derived from the policy accent placed on biodegradability. The larger production capacities will enhance our position significantly,” said Manuel Garcia Communications Officer at FLKI. “The capacity expansion will also enable us to respond even more effectively to our customers’ wishes.”
FLKI wipe and chemical conceptions are in use throughout the world and the new collection is fully biodegradable under industrial composting conditions in accordance with International Chemical Standards for ISO, DIN, JIS & EU Directives. “FLKI’s continuing success lies in large part on its international research, and the company’s well known policy to honor individuals and innovative projects that are especially committed to establishing a working culture of diversity within all operations,” added Garcia.
With this evolution, FLKI is one of the world’s leaders in its industry for bio-based and biodegradable vehicular care product conceptions. FLKI product conceptions, notably under the Clean Plus® label are increasingly in demand, and the market for biodegradable and bio-based products is currently growing by more than 20 percent per year.
About Falken Industries Ltd:
Falken Industries Ltd (OTCBB:FLKI) is a diversified industrial conglomerate that operates in Chemicals, Wet Wipe and Biodegradable Technology. Falken Industries Ltd is the concept behind more than 160 products distributed through a network of global platforms and the recipient of trade awards for innovations, biodegradability and environmental and health quality standards. As a reliable partner FLKI creates chemistry to help distributors and retailers in virtually all industries to be more successful. With its high-value products and intelligent solutions, FLKI plays an important role in finding answers to global challenges such as environmental protection, energy efficiency, and mobility.
SAFE HARBOR STATEMENT: This news release contains “forward-looking statements” made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” Such statements are subject to risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
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