NEW YORK, Oct. 4, 2011 (GLOBE NEWSWIRE) -- China Carbon Graphite Group, Inc. (OTCBB:CHGI) ("China Carbon" or the "Company"), the largest wholesale supplier of fine-grain and high-purity graphite in China and one of the nation's top manufacturers of carbon and graphite products, today announced that videos showcasing the Company's latest manufacturing facilities are now available at:
http://s1219.photobucket.com/albums/dd423/ChinaCarbon/
The videos give viewers an in-depth look at China Carbon's new baking and dipping plants that will specialize in producing the Company's higher margin products made from fine grain and high purity graphite. Last quarter, the majority of China Carbon's revenues came from sales of its higher margin products and the Company's management team is confident that its new facilities will help China Carbon better meet the rising demand it is seeing for such products.
"Keeping investors, customers and potential clients apprised of what is happening within our Company is very important to us and we believe that these videos will allow those interested in China Carbon to get a better feel for the forthcoming operations at our new facilities. We expect that with the addition of these two plants, we will double our current production capacity that will, in effect, put us in a better position to supply more of our higher margin products, like large-size graphite electrodes, to many of China's fastest growing industries. This is a very exciting time for our Company and we want people interested in China Carbon to be able to see what steps we are taking to maintain our progress."
About China Carbon Graphite Group, Inc.
China Carbon Graphite Group, through its affiliate, Xingyong Carbon Co., Ltd., manufactures graphite and carbon based products in China. The Company is the largest wholesale supplier of fine-grain and high-purity graphite in China and one of the nation's top overall producers of carbon and graphite products. Fine grain graphite is widely used in smelting for colored metals and rare earth metal smelting as well as the manufacture of molds. High purity graphite is used in metallurgy, mechanical industry, aviation, electronic, atomic energy, chemical industry, food industry and a variety of other fields. In September 2007, China Carbon was approved and designated by China's Ministry of Science & Technology as a "National Hi-tech Enterprise," a distinction that the Company still holds today. Of the more than 400 carbon graphite producers in China, China Carbon is the only non-state-owned company to receive this honor. For more information on the Company, please visit www.chinacarboninc.com.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors set forth in the Company's annual report on Form 10-K and quarterly reports on Form 10-Q.