Established in October 2013, Luoyang Lansealy Technology Co., Ltd. boasts a registered capital of 5 million yuan. The company is located in the Industrial Concentration Area of Luoning, covering an area of about 33000 square meters. As a national high-tech company and a technology-based SME, the company has passed the ISO9001 quality management system certification and the ISO14001 environmental management system certification.
The company specializes in producing licorice products including glycyrrhizic acid and its derivatives, licorice extracts glycyrrhiza flavonoidos which can be applied in food and tobacco industries as food additives, medical industry as extracts of herbal plants, as well as in cosmetics industry as functional ingredients. The designed scale of the company is to achieve 2,000 tons of licorice processed every year, 150 million yuan of annual output and 30 million yuan of profits and taxes.
The company currently has more than 130 employees, including more than 20 technicians, 1 doctor, 5 masters, and more than 30% with college degree and above. The R&D Center for Licorice Extraction and Separation Engineering Technologies founded by the company in 2014 was rated as the Municipal Level Engineering Technology Center.
The company has established long-term collaboration with Food and Bioengineering Department of Henan University of Science and Technology, for joint R&D of extraction technologies.