Sorbic International, based in the Chinese province of Shandong in the People’s Republic of China, a region with a population of circa 94 million, is involved in the production and sale of the food preservative sorbates.
Sorbic listed on AIM in September 2008 and operates from its 33,000 m² production facility in Linyi City, (population 10 million), Shandong Province. The Company will double its sorbate production capacity to 15,000 tpa with 2 new lines to be located in Inner Mongolia. These are expected to be completed in autumn of 2010, with a total investment of RMB 103.5m (£9.3 million).
Sorbic International is the third largest sorbates producer in China, with a current production capacity of 7,500 tonnes per annum of sorbate, 46% of which is exported to the European and North American markets.
Sorbic operates within a growing industry with global demand for sorbates being driven by the increase in the world’s population and higher demand for food. As Sodium Benzoate, the main alternative to the Company’s product is being phased out in the US, Europe and Japan, the market opportunity for Sorbic is significant.
Last updated 07 Jun 2010