Neptune, the U.S.–China Health Products Association, STAUBER and Enviromedica announced recent achievements ranging from positive financial results to renovated and expanded facilities.
Earlier this month, Neptune Technologies & Bioressources Inc. released its financial results for the first quarter ended May 31, 2015. Some of the results highlighted include: the company’s plant capacity exceeded 100 metric tons and is expected to grow, Q2 revenues are expected to hit more than US$4 million, and there is movement toward neutral cash flow by fiscal year-end. "We are pleased with the progress being made at our Sherbrooke facility, with plant output currently surpassing 100 metric tons annually," said Jim Hamilton, President and CEO of Neptune, adding, “we are very encouraged by a solid sales funnel for our second quarter and accordingly expect a significant revenue improvement."
In addition, the U.S.–China Health Products Association recently released its 150th issue of its weekly market-intel newsletter, “China Updates." The newsletter was launched on August 8, 2011, and it focuses on China’s ever-developing dietary supplement and overall natural health product industry. Companies doing business in China, or those interested in keeping up-to-date on its ever-changing regulatory and market environment, can visit the association’s homepage at www.uschinahpa.org to sign up for the newsletter.
STAUBER completed its renovated processing and manufacturing plant in Florida, New York, and the facility is also now GMP NSF Certified. The two-year, multi-million dollar capital investment and refurbishment of the former Pharmline facility represents part of STAUBER’s goal to deliver innovative solutions for its growing customer base.
In other recent news, Enviromedica completed a move from its longtime home in the San Francisco Bay Area to a new facility in Austin, Texas. The relocation will allow the company to grow while continuing to maintain its same standards and values. When considering where to relocate, culture was a driving factor, as Enviromedica is closely aligned with the ancestral health and paleo communities.