Yangling, Shaanxi— (December 3, 2019)–– Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or “the Company”), an emerging agricultural company that develops, manufactures and markets bio-fertilizers for use in the multi-billion China agriculture and aquaculture markets and the developer of smart soil remediation technology for use in agriculture markets worldwide, is pleased to announce that the Company is increasing their annual manufacturing capacity for their patented fertilizer products.
In order to meet the expanding market demand for Kiwa fertilizer products, a new production line should increase annual production capacity by 20%.
“We expect our production capacity to now reach 300,000 tons per year. This increase of production capacity will provide strong support for the Company to expand its brand in the China market and help increase future sales.” stated CEO Ms. Wang.
The newly added production line at the Company’s OEM manufactory Shandong Ronghua Biotechnology Co. Ltd is mainly column granulation drum equipment, which is used for the production of various special fertilizer products of Kiwa’s compound microbial fertilizer. The newly added production line can reach 150 tons per day for Kiwa’s special fertilizer for fruit, vegetable, Chinese herbal medicine and tea.
In order to meet China’s growing market demand for biological fertilizer of $16 billion USD in the next five years, the Company’s core microbial strain fermentation base will produce core microbial agents with a designed capacity of about 60,000 tons per year and 1.1 million tons of terminal microbial fertilizer.
The Company’s Yangling biological fermentation core fermentation base is under construction and is expected to be fully operational by the end of 2020.
Kiwa Bio-Tech Fertilizer Production Base “Shandong Ronghua
The newly added production line
Kiwa’s organic bio-fertilizer
About Kiwa Bio-Tech Products Group Corp.
Leader in Eco-friendly Agricultural Industry Chain
Kiwa Bio-Tech Products Group Corp. (KWBT) is an emerging agricultural company that develops, manufactures and distributes innovative and environmentally safe bio-technological products for agriculture and aquaculture markets with corporate headquarters in the Yangling, Shaanxi, China. Kiwa’s focus is to positively impact the environment by reducing the amount of chemical fertilizers that are being used by agricultural growers in China.
Kiwa Bio-Tech Products Group Corp. products are covered by patent protection and are designed to enhance the quality of human life by increasing the value and productivity of agricultural crops.
For more information on Kiwa Bio-Tech Products Group Corp. or its bio-fertilizer products and smart soil remediation technology, please refer to the Company’s website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission at www.sec.gov.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan, the foreign exchange risk amid the unexpected announcements by the PRC government and various other factors beyond the Company’s control. Kiwa Bio-Tech Products Group Corp. specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.