Yonge Major Growth Plans for 2010 (YONG)

Posted in pre-market 
December 8th, 2009

Yongye International, Inc. (NASDAQ: YONG) closed at $8.67 Monday and at 8:22 AM EST we have shares trading up 7.8% at $9.35 on 37,200 shares.  The company, a developer and manufacturer and distributor of Shengmingsu brand plant and animal nutrient products in China announced expansion of production and brand-stores: 1) expects to increase its annual production capacity to 30,000 tons of Shengmingsu branded plant nutrient product from its current level of 10,000 tons per year; 2) expansion of the retail branded store network and year-end 2010 goal of more than 20,000 independent stores will be part of the network… up from approximately 7,000 at the end of the third quarter of 2009.


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