China Kangtai Cactus Biotech Inc. (CKGT.OB) Inks Strategic Partnership with Chinese Tobacco Industry Players
China Kangtai Cactus Biotech Inc., a leading grower, developer, producer and marketer of various cactus-derived products in China, today announced it has signed a joint manufacturing agreement with China Tobacco Import and Export Shandong Corp., a subsidiary of China National Tobacco Corp., in which the companies will manufacture cactus cigarettes under the name of “Tai Shan Sheng Chao.” The company will co-manufacture the new brand using a new paper process technology with China Tobacco Shandong’s subsidiary Qingdao Cigarette Factory, with production slated to being in February 2011. In its 25 years of operation, Qingdao Cigarette Factory has exported more tobacco…