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http://www.glglifetech.com/Media_Center/Press_Releases/ So etwas in der Art könnte auch unserer SUNWIN bevorstehen: ...new production capacity coming on
line at the Company’s Mingguang and Dongtai facilities during the first quarter. Leaf processing
increased from 5,000 metric tons (“MT”) per year to 41,000 MT.... ...Received US$40.5 Million Stevia Extract Order from Cargill for TRUVIATM: In May 2009,
GLG received an initial order from its premier strategic partner, Cargill, valued at US$40.5
million for the delivery of high grade stevia extract beginning October 2009. Further, GLG
agreed to make additional product available to Cargill for a possible increase in the order size.... ...Corporate Developments
In 2009, the Company took steps to ensure it could invest in growing its operations to meet
increasing global demand for its natural stevia plant extracts.
Additional Credit Facilities Secured: GLG was granted an additional credit facility of RMB
250 million with the Agricultural Bank of China, which at current exchange rates will provide
GLG approximately $42 million in capital. The facility provides additional financial support, and
the Company believes it underscores the Chinese government’s support for the Company’s
operations and business developments.
NASDAQ listing: On November 20, 2009, GLG commenced trading on the NASDAQ Global
Market...In conjunction with its NASDAQ listing, the Company completed a public equity offering of
3,625,000 common shares raising aggregate gross proceeds of US$27.5 million. The
underwriters of the equity offering had purchased an additional 543,750 common shares of the
Company for gross proceeds US$4.1 million. This brought the total gross proceeds raised from
the public offering to US$31.7 million.... ...Market Development
The Company believes that growing consumer preference for all-natural products, together with
increasing rates of obesity and diabetes, is driving demand for an all-natural, zero-calorie
sweetener. Additional consumer, governmental and social pressures are also fueling the need for
U.S. food and beverage companies to create better-for-you products that help lower caloric
intake. According to an August 2009 report published by Mintel International Group Ltd., United
States retail sales of products containing stevia reached $100 million in 2009, including tabletop
sweeteners and food and beverage products. The market is expected to reach $2 billion by the
end of 2011. Also, according to Mintel, more than 115 new food and beverage products
containing stevia were launched in the United States in the first seven months of 2009 by leading
global food and beverage companies.
Stevia natural plant extracts are creating an entirely new category of sweeteners that offer noncaloric
and heat-stable sweetening systems with superior taste, and without artificial chemicals.
According to research, new product launches and consumer adoption is occurring rapidly which
could enable stevia to quickly becoming a mainstream tabletop sweetener and food and beverage
ingredient. Additionally, new developments using stevia blended with sugar enables an all
natural sweetening system that reduces added calories in food and beverages, while maintaining
a positive taste profile and providing consumers a naturally sweetened product.
The current global market for stevia as an ingredient, according to Mintel, is estimated at $500
million. The European Union is expected to approve the use of stevia extracts as a food
ingredient within the first half of 2010. GLG believes that this market could adopt stevia at a
faster rate than others, given European consumers’ overall healthier dietary habits.
Emerging markets, such as India and China, are also growth opportunities for GLG’s stevia
extracts, given the high instances of Type-2 diabetes in both countries. According to a study
published in March 2010 by the New England Journal of Medicine, an estimated 92.4 million
adults in China have Type-2 diabetes. In India, an estimated 50.8 million people are afflicted
with the disease, according to the International Diabetes Federation. (Source:
http://www.businessweek.com/news/2010-03-24/...adder-as-economicboom-
spurs-obesity.html). GLG is currently working on development opportunities in these
markets.
Additional discussion of GLG’s market outlook can be found later in the release under “Revenue
Outlook 2010.”...
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