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PROPERTY, PLANT AND EQUIPMENT (Tables)
9 Months Ended
Mar. 31, 2013
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]

Property, plant and equipment as of March 31, 2013 and June 30, 2012 consisted of the following:

 

    March 31,     June 30,  
    2013     2012  
Buildings and plant   $ 45,681,258     $ 43,402,250  
Machinery     71,982,225       71,825,535  
Office and other equipment     1,319,384       1,383,305  
Vehicles     464,438       488,268  
      119,447,305       117,099,358  
Less: accumulated depreciation     (50,707,833 )     (44,421,165 )
      68,739,472       72,678,193  
Construction in progress     4,308,276       4,553,080  
Property, Plant and Equipment, net   $ 73,047,748     $ 77,231,273