AgroPages-Hailir to invest Yuan2 billion in environment-friendly formulations project-Agricultural news

Hailir to invest Yuan2 billion in environment-friendly formulations project

Hailir Pesticides and Chemicals Group is planning an investment of Yuan2 billion in an environment-friendly formulations production plant located within Pingdu Xinhe Industrial Park.

In the recent years, Hailir’s existing business segments have made good profits. However, with more market shares at home and abroad and more product researches being industrialized, the company is in urgent need of extension of capacity to meet the growing demand from domestic and international markets.

This production facility invested by Hailir is expected to reduce the cost of production and transportation, which will enhance customer retention by providing more products and better services. In the meantime, the growing production capacity brings to the company secured resources for future development, thus enhancing the overall profitability ratio and the competitive edge of the company.

According to Hailir’s 2017 annual report, its consolidated operating revenue for the year reached Yuan1.589 billion, which is 54.98% up year on year, while the net profit attributable to the parent company reached Yuan286 million, up 95.58% year on year.

Hailir will participate in AgroPages' 2018 China Pesticide Exporting Workshop (2018 CPEW) and make a speech.

AgroPages also plans to hold a closed-door Business Matching Meeting for participant overseas. We will screen some of the leading Chinese suppliers of pesticide technical and formulations to meet face-to-face with the overseas audience. Each participant from overseas will have a 10-15 minute opportunity to introduce their company and their specific needs to seek supply support from these Chinese companies.