Winner Medical Obtains Cotton Processing Certificate from the State Development and Reform Commission
SHENZHEN, China, Jan. 20, 2011 /PRNewswire-Asia/ -- Winner Medical Group Inc. (Nasdaq: WWIN), ("Winner Medical") a leading manufacturer of medical dressings, medical disposables and non-woven fabric made from 100% natural PurCotton® products in China, today announced that one of its subsidiaries, Huanggang Winner Cotton Co., Ltd., ("Huanggang Cotton"), was recently awarded a Cotton Processing Certificate by the State Development and Reform Commission.
This certificate, granted on December 21, 2010 after a rigorous application and inspection process from the Hubei Provincial Develop and Reform Commission, the Provincial Fiber Inspection Bureau in Hubei Province and Hubei Agricultural Development Bank, allows Huanggang Cotton to obtain a Cotton-Processing Business License from the Hubei Administration for Industry & Commerce, which the Company expects to occur by the end of January, 2011. With that license, Huanggang Cotton will become one of 147 wholesale manufacturers in Hubei Province licensed with a cotton processing license. Winner currently purchases all of its cotton from domestic suppliers in Hubei and Xinjiang provinces.
Mr. Jianquan Li, Founder, President and Chief Executive Officer of Winner Medical commented, "This is an important strategic milestone for Winner Medical. The ability to process our own cotton seed will expand our vertically integrated operating process upstream and will provide us with more stringent quality controls. By internalizing this process, we expect to substantially increase the consistency and quality of our processed cotton, reduce our raw material and production costs and improve our product quality."
About Winner Medical:Winner Medical is a leading medical disposable products manufacturer in China, with business operations consisting of manufacturing, researching, developing and marketing cotton-based medical dre