China Green Agriculture
China Green Agriculture manufactures, markets and sells fertilizer products to private wholesalers and retailers of agricultural farm products in 27 provinces in China.
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China Green Agriculture opens new 40,000-ton production line
China Green Agriculture last week held a grand opening ceremony for its new 40,000 ton production line the company reported today.
The new line is adjacent to its existing 15,000 ton facility in Xi'an and increases the Company's production capacity from 15,000 tons per year to 55,000 tons per year to meet the growing demand for its green fertilizer products.
The new facility incorporates an ever higher degree of automation, following the company's track record as the first company in China to build a fully automated manufacturing system which precisely measures and mixes key ingredients to formulate its unique fertilizer products.
This includes a fully integrated quality control system with mobile wireless monitoring which enables the Company to closely supervise its production process in the new facility.
While China Green Agriculture currently only manufactures liquid fertilizer products; the new facility is capable of producing both liquid and highly concentrated fertilizer (i.e. powder fertilizer) and is also the first fertilizer manufacturer in China to apply microwave technology to its production of highly concentrated fertilizer.
China Green Agriculture's new facilities include 27 vats for mixing ingredients and pharmaceutical grade, electronically calibrated measuring equipment spread over approximately 148,000 square feet.
The Company expects to reach full utilization of its 55,000 metric ton capacity over the next three years. Sales volume is expected to increase 40 to 45 percent with a utilization rate of 35 to 38 percent by the end of the fiscal year 2010. Formal guidance for fiscal year 2010 will be provided by management with the fourth quarter and fiscal year 2009 earnings announcement scheduled for mid-September.
" This facility will be our growth driver for the fiscal year ending June 30, 2010, allowing us to meet our revenue and net income targets," said Chairman and CEO, Mr. Tao Li.
Other China Green Agriculture news
- China Green Agriculture expects salues volume to increase 40pct a year
2009-10-21 - China Green Agriculture Q4 net income grows 239pct
2009-09-16 - China Green Agriculture to present at Susquehanna Beijing Management Summit tomorrow
2009-09-15 - China Green Agriculture to raise US$25m via shelf offering
2009-07-22
