HARBIN, China, Sept. 9, 2008 (GLOBE NEWSWIRE) -- Chang-On International Inc. (OTCBB:CAON), a Chinese manufacturer of green architectural products made of its innovative SF brand of synthetic resin, today announced the completion of its initial investigation of fly ash utilization in support of its international marketing and licensing strategies. Focusing on countries with the highest proven coal reserves, the Company examined annual production and utilization of the by-products, collectively known as Coal Combustion Products (CCPs), of burning coal at electric utility power plants. Fly ash, which has minerals commonly found in the earth's crust, is the most prevalent CCP in a number of countries. The Company utilizes fly ash in its synthetic materials to lower the raw material cost and increase the physical characteristics of its products.
Commenting on the recent market research results Mr. Li Guomin, President of CAON, stated, "China is the largest coal consumer in the world, and produced 300 million tons of fly ash produced last year. The company is seeking to identify foreign markets with similar environmental concerns related to potential landfill crises from the underutilization of fly ash. We believe strongly that our research demonstrates that these markets may give the Company competitive pricing advantages for our products. As an example, the American Coal Ash Association reported that the US, which has the largest proven coal reserves in the world, produced 70.2 million tons of fly ash in 2003 but approximately 61%, or roughly 43 million tons, went unused. Of all the reported CCPs in 2003, 121.7 million tons were produced, but 61.9% or 75.3 million tons ended up in U.S. landfills. Our synthetic materials, which can be molded into an unlimited variety of products, should have a significant competitive price advantage over domestic precast manufactures."
About Chang-On International Inc.:
Chang-On International Inc. (OTCBB:CAON) is a Chinese manufacturer of green architectural products made of its innovative SF brand of synthetic resin. Using patented technologies, the Company is engaged in the manufacturing and sales of green architectural products in the multi-billion dollar building materials market in the People's Republic of China. Through its sole operating subsidiary Harbin Hongbo Environment Protection Material Ltd., the Company utilizes China's abundant supply of recycled plastic and coal waste as its main raw materials. SF resin can be molded into a virtually limitless range of end-use products, including pallets, pipes, tubes and wallboard, and is a superior substitute for PVC, steel, wood and cement. The Chinese government continues to make energy efficiency and green construction top priorities, and Chang-On is well positioned to become a major player in this growing sector. For more information, please visit the company's website at: www.changon.com.
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