SOURCE: Asia Carbon Industries, Inc.

Asia Carbon Industries, Inc.

December 20, 2010 12:37 ET

Asia Carbon Industries, Inc. Commences Trading

Manufacturer of Carbon Black's Common Stock Begins Trading in the U.S. Under The Symbol ACRB

NEW YORK, NY--(Marketwire - December 20, 2010) - Asia Carbon Industries, Inc. (OTCBB: ACRB) ("Asia Carbon") today announced that its shares have begun trading as a public company under the symbol ACRB on the OTC Bulletin Board. 

Through its Shanxi, China-based, wholly-owned subsidiary, Taiyuan HongXing Carbon Black Limited, Asia Carbon produces a series of high quality carbon black products under the brand name Great Double Star. 

The most common use of carbon black is as a pigment and reinforcing agent in automobile tires. It is also instrumental in conducting heat away from the tread and belt area of a tire, reducing thermal damage and increasing tire life. Other uses include radar absorbent materials and toner for photocopiers and laser printers.

Asia Carbon is one of the top ten carbon black producers in the Shanxi province and has established relationships with a high-profile customer base, the vast majority of which are tire manufacturers.

Yao Guoyun, Chairman of the Board of the Company, stated, "Having our stock trade in the United States is a significant step for Asia Carbon Industries, Inc. We have been working diligently to continually improve the quality of our product line and increase our capacity, positioning Asia Carbon to participate in China's economic growth."

Ms Yao continued, "We have established an aggressive growth strategy for Asia Carbon, including the addition of new products and clean, efficient production facilities. As a publicly traded company in the US marketplace Asia Carbon will have access to the capital we seek to implement the continued expansion of our operation."

About Asia Carbon Industries, Inc.

Asia Carbon Industries Inc. ("ACI" or the "Company") is an emerging, China-based producer of a series of high quality carbon black products under the brand name "Great Double Star." The Company was established in 2003 in Shanxi, China's highest coal producing province. ACI is one of the top ten carbon black producers in the province and has established relationships with a high-profile customer base. The Company is in the process of expanding its manufacturing capacity to meet the anticipated demand.

This release shall not constitute an offer to sell or the solicitation of an offer to buy. There shall be no sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the success of our investments, risks and uncertainties regarding fluctuations in earnings, our ability to sustain our previous levels of profitability including on account of our ability to manage growth, intense competition, wage increases in China, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, our ability to successfully complete and integrate potential acquisitions, withdrawal of governmental fiscal incentives, political instability and regional conflicts and legal restrictions on raising capital or acquiring companies outside China. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings, including our Prospectus dated November 2, 2010, 10-Q filed on November 22, 2010, and our other recent filings. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by or on our behalf.

For More Information on Asia Carbon Industries, Inc., visit the website at: http://www.asiacarbonindustries.com

Contact Information

  • For more information, please contact:
    Asia Carbon Industries, Inc.
    Tel: +1 646-328-1502 (US)
    Tel: + 86 10 6505 6996 X 800 (China)

    Email: info@asiacarbonindustries.com