RVBR:52week high on news..013.
Markray Corp. Announces the New Product Certification
MOSCOW, RUSSIA--(Marketwired - Apr 2, 2014) - Markray Corp. (OTC Pink: RVBR) (PINKSHEETS: RVBR) announces the start of the new product certification -- the transparent iron oxide pigment. The Company prepares needed documentation for representation in the All-Russian centre of production and services certifications. After certification ends the Company will start production. Within two years the company will reach in 300 000 ton/year production volume. It will generate a cash flow of $500-600 million. Commodity production on the basis of innovative technologies will allow to reduce production cost in comparison with competitors by 25-30%.
"Annual growth rate of the transparent iron oxide pigment market is 20-25%. The Company sees high potential in this direction, the market even taking into account import is far from saturation. The wide range of a product application guarantees stable sale," said Borisov Alexey, Markray Corp. president.
