CALCOL Confirms Soft Drink Plant to Open in Beijing; CALCOL INC. Confirms Soft Drink Concentrate Plant to Open This Month in Beijing.
CLEVELAND & BEIJING, China--(BUSINESS WIRE)--Dec. 12, 2000
CALCOL INC. (OTCBB:CLCL) confirmed today that the soft drink concentrate plant belonging to its 80% subsidiary company in Beijing China, SANHE MEILE SOFT DRINKS CO. LTD. is scheduled to open later this month.
SANHE MEILE SOFT DRINKS CO. LTD. is 80 percent owned by US-based CALCOL INC. and 20 percent by the CHINA NATIONAL FOOD INDUSTRY CORPORATION. The co-operation, which began in 1995, will last for 30 years on a 40,000-square-metre site in Sanhe, a suburb 34 kilometers due east of Beijing on the JingHa Highway. The soft drink concentrate plant is projected to finish up to 139,000 units of concentrate (enough to bottle 500,000 tons of soft drinks) annually for sale to independent local (non-franchised) bottlers throughout China. China is now the third largest consuming market for soft drinks in the world. Half of the bottling companies are independent local bottlers. CALCOL INC. holds the third business license for foreign branded soft drinks in China.
CALCOL INC. has scheduled the grand opening of its soft drink bottling plant (110,000 square feet) in Spring 2001 on the same complex in Beijing. The joint venture hopes to manufacture for the Chinese market RC COLA and other ROYAL CROWN flavors and ice tea products, as well as finishing concentrates using formulas licensed from other famous international soft drink companies under SANHE MEILE SOFT DRINK COMPANY's own brand name. In 1995, CALCOL INC. had fully assigned its rights in agreements with RC COLA INTERNATIONAL to the joint venture.
Upon the completion of the bottling plant, in addition to the soft drink concentrate manufacture and sale, SANHE MEILE SOFT DRINKS CO. LTD. expects to have an annual production capacity of 10 million standard cases of finished bottles of soft drinks, sports drinks, and fruit flavored and herbal enriched ice tea products.
CALCOL INC. common stock (cusip No. 128699) trades OTC in the United States under the symbol CLCL.
For further information, contact: Mr. Ji Jun, VP CALCOL INC.. General Manager, SANHE MEILE SOFT DRINKS CO. LTD.. Rm. 1001, Tower A Beijing Landmark Towers No. 8 N. Dong Sanhuan Rd., Chaoyang Dist. Beijing 100004 China Phone: 011-86-10-6590-0386 Company Website: http://WWW.CALCOL.COM, Norman C. Kaplan, President CALCOL INC. 216-514-0849 CALCOL@aol.com.
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|Date:||Dec 12, 2000|
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