WEIFANG, Shandong, China, - Shengtai Pharmaceutical, Inc. (OTC Bulletin Board: SGTI) ("Shengtai" or "the Company"), a leading manufacturer and distributor of high-quality, pharmaceutical grade glucose products in China, today announced that it hosted a conference at the Company's headquarters to showcase its new state-of-the-art 120,000-ton glucose production facility as well as conducted high-level discussions with key existing customers.
Representatives and officials from over 70 current customers were on hand for the three-day event. Mr. Qingtai Liu, Chairman of Shengtai and other senior members of the Company spoke during the conference as they presented their view on the current operating environment, status of the glucose production facility, as well as high level discussions on strategies that can help the Company to continue to deliver on its promise to provide the highest quality products to end customers. The three-day conference also offered the guests with an opportunity to visit the on-site production facilities. The event provided the Company management with valuable information on customers' expectations and motivations, and strategic insights into what the Company needs to do to further business development and cooperation with its key customers. Many of whom attended the conference congratulated the Company for consistently delivering high quality products. They also stated they look forward to continuing to work closely with the Company as it is on its way to becoming the top domestic supplier of pharmaceutical grade glucose.
"The activities of this past week not only gave us an opportunity to showcase our state-of-the-art production facilities, our customers were able to gain a better understanding of our operations, production capabilities, and quality control as we develop deeper and more meaningful relationship with many of our key customers," said Mr. Qingtai Liu, CEO of Shengtai Pharmaceutical, Inc. "In order to compete more effectively in these challenging times, we must continue to show improvement in terms of product development as well as optimize customers overall experience. As one of the leading domestic producers of pharmaceutical grade glucose, we have a responsibility to produce the highest quality products. Our critical health-related products have achieved global quality standards, and our strategic location gives us cost advantage which will benefit our customers by using our products. As we look ahead, the Company is poised to be one of the major beneficiaries from the changing healthcare landscape as a result of the planned government reform."
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