Kiwa Bio-Tech receives approval to obtain land for construction of manufacturing facility
Oct. 25, 2018
The manufacturing facility will specialize in developing and producing Kiwa Bio-Tech's core microbes, the fundamental components for making high-quality bio-fertilizers. The facility will have a production capacity of 60,000 tons of Kiwa Bio-Tech's core microbes with an annual production value estimated to be over US$65 million dollars (approximately 462 million RMB).
"We are undertaking to open the manufacturing facility for production in 2020," stated Ms. Yvonne Wang, CEO of Kiwa Bio-Tech. "We chose the Yangling Free Trade Zone because of the significant agricultural planting areas in Shaanxi Province that cover approximately 66,000 hectares of high-value farmland that generate an annual fertilizer market opportunity of approximately US$140 million.
Moreover, the Yangling government has more than 300 demonstration planting bases covering approximately 4.4 million hectares, which generate an approximately US$7.8 billon USD microbial fertilizers every year. As the leader in bio-fertilizer industry in China, we view this as a significant step toward developing eco-friendly agriculture in these planting bases."
The facility will include fermentation and production terminals, agricultural produce sorting facilities and storage, a research and development institute and corresponding ancillary facilities. Yangling Free Trade Zone will also offer Kiwa Bio-Tech over US$400,000 in incentives and provide tax preferences for the first three years of production.
About Kiwa Bio-Tech Products Group Corp.
Leader in Eco-friendly Agricultural Industry Chain
Kiwa Bio-Tech Products Group Corp. (KWBT) is a publicly traded company with corporate headquarters in Yangling, Shaanxi, China. The company develops, manufacture, markets and distributes innovative and environmentally safe bio-technological products for agriculture. Kiwa's focus is to positively impact the environment by reducing the amount of chemical fertilizers that are being used by agricultural growers in China.
Kiwa Bio-Tech Products Group Corp. products are covered by patent protection and are designed to enhance the quality of human life by increasing the value and productivity of agricultural crops.
For more information on Kiwa Bio-Tech Products Group Corp. or its bio-fertilizer products and smart soil remediation technology, please refer to the Company's website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission at www.sec.gov.
Source: Kiwa Bio-Tech news release
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