Voice Diary Inc. Signs Contracts with DAR Farmers
If DAR Industrial can meet its goals in 2007 of signing supply contracts with 22 new villages in China, output capability could reach 3200 tons, then it would take up 56% of the total output of China.
13/03/07 In order to effectively fulfill their contract with DongUi Cosmetics Co., a corporation organized and operating in the Republic of Korea (South Korea), Suining Yinfa DAR Industrial Co., Ltd., a subsidiary of Voice Diary Inc., is vigorously endeavoring to carry out its 2007 Dahurian Angelica Root (DAR) purchase plan. On March 8, 2007, DAR Industrial signed a contract with the Chuanshan District Hongjiang Village Residents' Committee in Suining, a legal entity collectively representing all of the farmers of the Hongjiang Village, for the purchase of 400 tons of newly produced DAR in 2007. Thus far, DAR Industrial has procured through various contracts commitments to supply roughly 500 tons of DAR throughout 2007, all through GAP certified suppliers. Out of the 500 tons of DAR that DAR Industrial has signed contracts for, approximately 60% is earmarked for export to South Korea.
DAR Industrial hopes to enter into DAR supply contracts with 22 villages before August of 2007. If DAR Industrial can meet its goals in 2007 of signing supply contracts with 22 new villages in China, output capability could reach 3200 tons, then it would take up 56% of the total output of China. DAR Industrial hopes to utilize 40% of the DAR they purchase in DAR Industrial brand products such as DAR slices, DAR powder (used in nearly 600 different Chinese medicines), healthcare products, Bailing capsules, Yishen capsules and DAR perfume bags. All of these products are currently being developed by DAR Industrial.
