11. PROPERTY, PLANT AND EQUIPMENTS, NET

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENTS, NET

11.  PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment and related accumulated depreciation as of March 31, 2013 and December 31, 2012 were as follows:

	March 31,			December 31,
	2013			2012
	US$			US$
Buildings and plant		62,981,432			62,825,600
Machinery and equipment		80,391,535			79,997,837
Office equipment		4,035,410			3,933,542
Motor vehicles		2,921,989			2,980,011
		150,330,366			149,736,990
Less: Accumulated depreciation		(37,064,936	)		(34,746,182	)
Property, plant and equipment, net		113,265,430			114,990,808

(1) Depreciation expenses

Depreciation expense for the continuing operations for the three months ended March 31, 2013, and 2012 was $2,231,390 and $1,977,367, respectively, of which $1,266,044, and $1,499,429 were included as a component of cost of goods sold in the respective periods.

(2) Pledged property, plant and equipment

The net book value of buildings and plant, machinery and equipment and land use rights pledged for bank loans was $15,795,317, $25,631,927 and $3,277,668, respectively, as of March 31, 2013.

The net book value of buildings and plant, machinery and equipment and land use rights pledged for bank loans was $13,021,820, $26,052,365 and $4,322,344, respectively, as of December 31, 2012.

(3) Capitalized interest

No interest expenses were capitalized in property, plant and equipment for the three months ended March 31, 2013 and 2012, respectively.