27 March, 2008 Company Announcement Report on Opening of Tomsk Production Facility The Directors of Solagran are pleased to announce the formal opening of the SibEX production facility in Tomsk in south western Siberia. SibEX is now an 85 percent owned subsidiary of Solagran Limited. The facility was opened on Thursday 20 March 2008, by the Governor of the Tomsk Region, Mr Victor Kress. Also in attendance at the opening ceremony were the Deputy Governor Mrs Oksana Kozlovskaya and the Chairman of the Tomsk Regional Duma, Mr Boris Maltsev, together with many other dignitaries. The event generated significant interest within the Tomsk Region, and was the subject of a great deal of coverage and discussion in the mass media. Participants in the opening ceremony spoke of the significance of the SibEX plant as the world’s first commercial production facility for the isolation of plant polyprenols at purity levels acceptable for use in prescription medicines.
You can see how important Sibex is to SLA an not knowing about it like not knowing ANZ is a Bank. It's easy to look at a companies cash flow and make an assumption it's in trouble but unless you do some real research you wont get the full picture.
SLA Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held