TAIAN CITY, Shandong, China - ShengdaTech Inc, a leading manufacturer of nano precipitated calcium carbonate (NPCC) and a major manufacturer of coal-based chemical products in Tai'an City, Shandong Province, PRC, today announced it has made a significant breakthrough inthe development of a new NPCC product, "NPCCA301," for use in automobile undercoating paints.

NPCCA301 was developed by ShengdaTech's Research and Development (R&D) team in the Company's R&D Center in Shanghai. The use of NPCCA301 improves the quality of automobile undercoating paint, reduces damage caused by stone chips, rough weather conditions, and also prevents rusting. In addition, NPCCA301 cost advantage of approximately $75-$100 per metric ton has the potential to replace imported NPCC currently used by domestic producers of automobile undercoating paint. The Company estimates that the current domestic demand for NPCCA301 is around 60,000-80,000 tons annually.

"We are excited with the breakthrough of our new NPCC product and the application area for which it has been developed. This is a significant step in our efforts to expand the range of applications for NPCC," commented Mr. Chen, President and CEO of ShengdaTech. "Our R&D center remains dedicated to the high-potential application area of paint manufacturing, and in that effort we successfully have collaborated with two large domestic car producers who are now using NPCCA301 in production of automobile undercoating paint for certain models.”

“We are also in the process of sample testing the new NPCC product with four potential customers. We expect to establish quickly a dominant position in the domestic market and penetrate the international market due to our proven value proposition of providing solutions to customers to help them produce higher-quality products at lower costs than material used in their current manufacturing processes."

Courtesy : ShengdaTech, Inc, China

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Posted by Naresh Koshti on 21 June, 2008 3:39:18 PM IST #