PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2011

NOTE 9

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:

	June 30,			December 31,
	2011			2010

Cost:
Buildings	$	10,558,397		$	10,026,230
Office equipment		356,568			348,433
Motor vehicles		618,991			604,869
Machinery		13,005,364			12,499,837

Total cost		24,539,320			23,479,369
Less: Accumulated depreciation		(6,518,137	)		(5,290,114	)

Net book value	$	18,021,183		$	18,189,255

Depreciation expense was $1,092,772 and $921,218 for the six months ended June 30, 2011 and 2010, and $567,765 and $471,421 for the three months ended June 30, 2011 and 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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