en.Wedoany.com Reported - Sinochem Fertilizer and Xiangfeng Group have signed an annual strategic cooperation agreement. The two parties will increase their annual cooperation scale in phosphate compound fertilizers and potash fertilizer businesses to 250,000 tons. This move comes at a critical time for spring plowing and fertilizer preparation, with the core aim of responding to the national call to ensure supply and stabilize prices, providing farmers with high-quality agricultural materials and services.
Sinochem Fertilizer is a leading enterprise in China's fertilizer industry. As the crop nutrition business operation platform of Syngenta Group China, it possesses a complete industrial chain covering fertilizer production, R&D, distribution, and agrochemical services. It was the first fertilizer company in China to be listed on the Hong Kong stock exchange, and its distribution network covers 95% of China's cultivated land area. Headquartered in Yunnan, China, Xiangfeng Group is a top-tier enterprise in the ammonium phosphate industry, ranking among China's top 500 manufacturing enterprises. It has a comprehensive industrial chain layout including phosphate mining and beneficiation, fertilizer production, etc., with an annual production capacity of 300,000 tons of high-tower compound fertilizer and 4.5 million tons of medium-to-low-grade phosphate ore utilization, boasting abundant phosphate ore resource reserves.
According to the agreement, Sinochem Fertilizer will open its mature agricultural materials distribution network and agrochemical service resources, while Xiangfeng Group will contribute high-quality phosphate compound fertilizers, potash fertilizer products, and phosphate ore resources. Focusing on the demand for spring plowing fertilizer preparation, both parties have set a clear annual cooperation scale of 250,000 tons. The agreement does not include exclusivity clauses, allowing for adjustments to the supply rhythm based on market demand. This signing marks a new stage of comprehensive and in-depth strategic cooperation between the two parties, who will further expand cooperation areas and innovate cooperation models going forward.
This cooperation will enable Sinochem Fertilizer to supplement its supply capacity for phosphate compound fertilizers and potash fertilizers, leveraging Xiangfeng Group's phosphate ore resources to ensure product stability. Xiangfeng Group, in turn, will utilize Sinochem Fertilizer's distribution network to expand its product market coverage. From an industry perspective, their annual cooperation scale of 250,000 tons can effectively supplement the supply gap of agricultural materials during the spring plowing season, help stabilize China's fertilizer market prices, improve coordination within the fertilizer industry chain, and provide support for ensuring food security.
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