Orlando, FL 12/16/11 (StreetBeat) -- Gulf Resources, Inc. (Nasdaq: GURE), a leading manufacturer of bromine, crude salt and specialty chemical products in China , today announced that the relocation of its bromine Factory No.4 has been completed and resumed full operations on December 16, 2011.The relocation of Factory No.4 was completed in mid-November 2011 and the factory conducted test running operations mode for one month. The optimal production of Factory No.4 is 3,801 tons per annum as indicated in a production capacity appraisal report prepared by a third-party independent international appraisal firm in November 2011 .
In mid-May 2011 , the government requested to recall the leased land where the Company's original Factory No. 4 was located for civil redevelopment and agreed to lease another parcel of land to the Company near to the original factory. The operations of the original Factory No. 4 stopped in early July 2011 as the original facilities were demolished and useful plant and machinery were relocated to the new factory site. The Company received compensation of RMB8,599,835 (approximately $ 1.3 million ) from the government for relocation expenses and maintenance costs.
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