("ShengdaTech" or "The Company") (NASDAQ:SDTH) , a leading
manufacturer of nano precipitated calcium carbonate ("NPCC"), today
announced that Frost + Sullivan, a well-known global consulting company, honored
ShengdaTech with the 2008 "China Frost + Sullivan Award for Growth Excellence."
Frost & Sullivan Award for Growth Excellence recognizes companies in regional
and global markets for demonstrating excellence in growth leadership. Leadership
in growth is measured in the form of gains in market share or through geographical
and customer-base expansions. As the recipient of this Award, ShengdaTech was
recognized for consistently outperforming its competition by effectively combining
progressive marketing strategies with innovative new products, all of which
have had significant industry impact. During the past 18 months, ShengdaTech
has developed new NPCC applications used in the production of automobile undercoating
paints, polyethylene, color ink jet paper, and is currently developing breakthrough
applications for asphalt, high-grade ink jet paper, and epoxy resin.
"ShengdaTech has achieved major manufacturing breakthroughs with the application
of its intellectual property, which includes their patented membrane dispersion
technology, a key driver in expanding the range of customer applications of
NPCC products, especially in the areas of rubber and plastics. By using NPCC
in lieu of traditional fillers, ShengdaTech's customers achieve significant
cost savings, while attaining superior functionality of their end products,"
commented Nina Zhou, China Consultant of Frost & Sullivan. "Due to
its leadership in innovation, superior customer service, and the successful
execution of its NPCC expansion strategy, ShengdaTech has emerged as the largest
NPCC supplier in China. The Company achieved a compound annual revenue growth
rate of 78.0% from 2005 through 2008, well above the industry growth rate of
30.9% over the same period."
Commenting on the award, Mr. Xiangzhi Chen, President and CEO of ShengdaTech,
noted, "We are pleased to earn such a prestigious honor, which confirms
our leading position in the NPCC industry. We expect to sustain our leadership
in growth by continuing to expand our NPCC business both in China and internationally.
We will increase our production capacity from the current 190,000 metric tons
to 250,000 metric tons in August of 2009 with aggressive expansion plans in
place for the out years. Furthermore, we are committed to remaining on the leading
edge of product innovation by pioneering new end markets for NPCC."