Mar. 4, 2020
Chinese agrochemical company Zhejiang Xinnong Chemical
announced that in order to integrate the company's R & D resources, strengthen research and technological innovation systems, and enhance the company's competitiveness, the company established a wholly-owned subsidiary Xinnong (Hangzhou) Biotechnology Research Institute Co., Ltd., with its own capital of 10 million yuan.
The new company will be dedicated to the research and application of technologies in the fields of synthetic research and development, formulation technology, plant protection products and biological pesticides. The establishment of the company will give full play to the comprehensive scientific and technological advantages of Xinnong, universities and research institutes, integrate internal resources of the enterprise, and promote the upgrading of the company's industrial structure.