“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
Stevia Corp. (OTCBB: STEV) announced earlier today that the company has broken ground for an all new research facility in Vinh Phuc province of Vietnam.
Just 1 1/2 hours northwest of Hanoi and within 1 to 2 hours of the recently announced government supported stevia projects in the region, the facility dedicated to stevia projects will complement the current cooperative research efforts with local institutes and partners. The location is perfect for promoting cooperation and communications between all of the stakeholders in the project.
The facility will include 10 Ha, 1,076,391 ft², designated for Research and Development, propagation of mother plants, and trial plots for inter/multi-cropping. The land is leased from a 1,000 Ha cooperative which will also make in excess of 100 Ha available for co-op members to undertake stevia trials.
Plans for the facility effectively allows for operational tests of key aspects of the proposed business model intended for large scale commercialization planned for implementation in 2013.
Stevia Corp. President, Mr. George Blankenbaker, had these comments on the project:
“Working in conjunction with the regional and national governments we are moving quickly towards commercial activity. An endeavor such as ours includes numerous complex moving parts and as such we are very pleased to have the opportunity to refine and test not only our near term growing techniques, but our longer term commercial goals as well. The need to determine best practices in harvesting, processing and transporting stevia offers challenges we aim to work out in a scalable fashion, and this facility is a key step towards our eventual success. We are very pleased to report that Stevia Corp is breaking ground right now and we expect the facility to be operational and producing initial results as early as March of this year.”
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