Chang-On International Finishes Production Line Modification
Chang-On International Inc. (OTCBB: CAON) announced on Wednesday that they had completed the previously announced production line modifications. According to the company, these improvements will lower costs and increase effectiveness.
In commenting on the announcement Mr. Guomin Li, President of CAON, stated, “We now have the ability to launch a production line to manufacture products made of our SF brand synthetic materials for as little as RMB 1,525,000 ($223,000). The cost effectiveness of our recent production line modifications gives us greater flexibility to expand regional distribution of our SF brand.”
Once again Chang-On has shown itself to be steadily moving forward, meeting goals and delivering the kind of results one would hope for when investing in a penny stock. In the current economic climate, one wants consistency and competency in management as well as a clearly defined plan that is being followed successfully. Chang-On appears to have all this and more.
Chang-On International is engaged in the manufacturing and sales of green architectural products in the multi-billion dollar building materials market in the People’s Republic of China. Through its sole operating subsidiary Harbin Hongbo Environment Protection Material, Inc., the Company utilizes China’s abundant supply of recycled plastic and coal waste as its main raw materials. SF resin can be molded into a virtually limitless range of end-use products, including pallets, pipes, tubes and wallboard, and is a superior substitute for PVC, steel, wood and cement. The Chinese government continues to make energy efficiency and green construction top priorities, and Chang-On is well positioned to become a major player in this growing sector.
We continue to think it’s only a matter of time before this company is discovered by the market and the stock begins to get the attention it deserves. We highly suggest you take a look at this hidden gem before that happens. Click here for more information on the company.
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