AgroPages-Yanhua Yongle’s 28,000t/a environmentally-friendly pesticide fixed formulation project starts construction-Agricultural news

By Think Real-On 28 May, 2016, the 28,000t/a environmentally-friendly pesticide fixed formulation project of Beijing Yanhua Yongle Biotechnology Co., Ltd. (Yanhua Yongle) started its construction in Leting County, Hebei Province. Located in the Chemical Industry Park of the Leting Economic Development Zone, the project is invested with USD56.9 million with the area of 100,000 square meters. It is planned to be finished and launched in April 2017. Yanhua Yongle said that the predicted sales revenue and profit of the project are USD379.4 million and USD106.2 million respectively.

As a matter of fact, the construction of the project is undertaken by the wholly-owned subsidiary of Yanhua Yongle, Yanhua Yongle (Leting) Biotechnology Co., Ltd. It will be mainly engaged in the production of pesticide technical and formulations while also producing veterinary drugs and feed additives. Upon completion of the construction, the project will largely upgrade the capacities of pesticide technical and formulations for the company, which will perfect its technological R&D and production scale as well as improve its product quality.