ZHENJIANG, China, May 5, 2017 /PRNewswire/ --Delta Technology
Holdings Limited (Nasdaq: DELT) today announced the price of
solvent, one of its principal byproducts, has quadrupled over the
past 12 months. The solvent mainly consists of dichlorotoluene
which is used in the production of exterior wall coating and
industrial glues.
Mr. Shi, head of sales department, introduced, "The price of
solvent is now around 4500
RMB/Ton. It was only 900-1200
RMB/Ton in Q1-Q3 2016. Solvent is one of the principal
byproducts of our chemical manufacturing process. Delta produces
between 100 and 300 tons of solvent in OCT/PCT production process
every month, and because it's a byproduct, we don't attribute a
material cost to its production. As a result, sales of
solvent not only contribute to revenue growth, but are also highly
accretive to margins. In light of this pricing trend, and in
conjunction with continued sales growth, we expect the expanding
sales trends identified in our January press release to continue
and further increase, with expanding margins."
About Delta Technology Holdings Ltd.
Founded in 2007, Delta Technology is a leading China-based chemical company producing and
distributing organic compounds. The end application markets of the
Company's products include 380 clients in the automotive,
pharmaceutical, agrochemical, dye & pigments, aerospace,
ceramics, coating-printing, clean energy and food additive
industries. Delta Technology has approximately 300 employees,
many of whom are highly-qualified experts and technical personnel.
The Company serves more than 380 clients in various industries and
has announced its plans to move into the Biotechnology sector.
Safe Harbor Statement
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Statements preceded or followed by
or that otherwise include the words "believes," "expects,"
"anticipates," "intends," "projects," "estimates," "plans," and
similar expressions or future or conditional verbs such as "will",
"should", "would", "may" and "could" are generally forward-looking
in nature and not historical facts. Forward-looking statements in
this release also include statements about business and economic
trends. Investors should also consider the areas of risk described
under the heading "Forward Looking Statements" and those factors
captioned as "Risk Factors" in DELT's periodic reports under the
Securities Exchange Act of 1934, as amended, or in connection with
any forward-looking statements that may be made by DELT.
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SOURCE Delta Technology Holdings Limited