DNP INTL INKS CHINA SUPPLY DEAL
SANTA FE SPRINGS – 09/08/08 – Southern California-based DNP International has signed a multi-year supply agreement with Huifeng Bio-Pharmaceutical Technology of Xian, China.
Under the terms of the agreement, Huifeng will deliver 62 metric tons of glucuronolactone, a naturally occurring chemical compound which has become a popular additive to energy drinks, over the next six months to DNP.
The total amount of the contract is in excess of $1.1 million. According to the press release announcing the deal, Huifeng “anticipates signing additional bi-annual contracts with DNP upon successful completion of the first agreement.”
DNP International imports and distributes raw material ingredients to manufacturers in the nutritional supplements, food, beverage, feed, cosmetics and pharmaceutical industries.
Founded in 1994, DNP is headquartered in Santa Fe Springs, near Los Angeles, and has offices in Chicago, New Jersey, and Shanghai, China.
Huifeng Bio-Pharmaceutical Technology develops and produces plant extracts and pharmaceutical raw materials for use in pharmaceutical, nutraceutical and food production.
The company is a leading producer of rutin and related plant-derived chemicals in a class called flavonoids, with medicinal and other applications.
Huifeng began operations in 2002 and uses proprietary patented processes to extract rutin more efficiently than “traditional extraction techniques,” the release said.
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