QUFU, CHINA — Sunwin Stevia International, Inc., a global supplier of stevia extracts, including Rebaudioside A98 and Rebaudioside A99, has reached an agreement to open a U.S. distribution center for its stevia extracts. Qufu Shengren Pharmaceutical Co., Ltd., a wholly owned subsidiary of Sunwin Stevia, will operate the center.
The new distribution center is expected to allow Sunwin Stevia to store stevia extracts in the U.S. warehouse and substantially shorten its shipping time for its clients and customers based in North America. The new U.S. distribution center also will serve the South American markets, Sunwin Stevia said.
“In the past three years, we have been consistently increasing our sale of stevia extracts in the U.S.,” said Dongdong Lin, chief executive officer of Sunwin Stevia. “However, one of the barriers of market penetration has been shipping time. It usually takes up to 60 days to deliver our stevia extracts to the U.S. after we receive an order. Having launched our U.S. distribution center, it will take a day or two to deliver our stevia extracts to our clients and customers in North America. We believe our new U.S. distribution center will substantially improve market penetration of our stevia extracts in North America for years to come.”
In the six months ended Oct. 31, 2015, Sunwin Stevia sustained a loss of $639,351, which compared with a loss of $779,118 in the same period a year ago. Total revenues, though, increased 2.5% to $8,061,155 from $7,863,839.
