ERJ staff report (DS)
New York -- Asia Carbon Industries, Inc. has reported sales for the year ended December 31, 2010 up by 44 percent, at $29.7 million (euro 21.5 million), compared to $20,648,686 a year previously.
The increase in sales was largely attributed to sales of the Company's first wet production product, N220-W, line, which commenced production on October 26, 2010. Sales of N220-W product were $4,297,037 for the quarter.
The increase in revenue was also impacted by an increase in the Company's carbon black unit selling price, which was driven by increased raw material price.
The Company sold 32,156 tons of carbon black in 2010, an increase of 3,598 tons, compared to 28,558 tons in 2009.
Asia Carbon Industries Inc. ("ACI" or the "Company") is an emerging, China-based producer of a series of high quality carbon black products under the brand name "Great Double Star." The Company was established in 2003 in Shanxi, China's highest coal producing province.
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Press release from Asia Carbon