This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

GLG Life Tech Corporation Announces Progress On The Development Of The Healthy Sugar Market In China

VANCOUVER, B.C., March 29, 2011 (GLOBE NEWSWIRE) -- GLG Life Tech Corporation (Nasdaq:GLGL) (TSX:GLG) ("GLG" or the "Company"), the vertically-integrated leader in the agricultural and commercial development of high quality stevia and all natural and zero calorie food and beverage products, is pleased to announce an update on the progress of the development of the healthy sugar market opportunity in China.

The Company is pleased to announce that Fengyang Xiaogangcun Î¥ongkang Foods High Tech Co. Ltd (FXY) has started to develop the production capacity necessary to support the supply of one million metric tons capacity of low calorie sugar (LCS) for the Chinese sweetener market including the China Sugar Reserve's requirements.  FXY has recently started the construction of an additional 10,000 metric tons LCS production facility in Xiaogang and this facility is expected to be completed in September 2011.  

The LCS formulation will be one third the calories or two-thirds calorie reduction from regular sugar using GLG's BlendSure TM stevia extract product and FXY has developed all required know how technologies and are in the process of applying for a China patent for these technologies for the production of low calorie sugar.

Dr. Luke Zhang, Chairman and CEO of GLG, said, "We are very pleased with the progress FXY has made in developing the low calorie sugar opportunity in China. This product will further improve the development of healthier food and beverages in China which is a key to combat the high rates of obesity and diabetes in China. We are proud to see BlendSure selected as the high purity stevia extract to be used for FXY's LCS product. The LCS product will also be useful to China since it reduces the amount of sugar by two-thirds and leverages the strength China has with the stevia crop. Stevia requires one thirteenth the agriculture footprint and stevia farmers earn two to three times the income growing stevia instead of other crops."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,990.63 +277.97 1.57%
S&P 500 2,087.36 +26.34 1.28%
NASDAQ 4,946.0590 +54.84 1.12%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs