Oct. 1, 2020
As of June 10th, 2020, Shanghai Aquatrols Asia Technology Co. LTD is officially established and recognized by Chinese officials. Aquatrols has a majority stake in this new Equity Joint Venture with their commercial partner, Shanghai Chembri Intl Co. LTD. Since 2016, Aquatrols and Chembri have worked hand in hand to develop market access within the agriculture, horticulture, and turf markets of Southeast Asia.
Shanghai Aquatrols Asia has been granted a business license by the Chinese AIC (Administration for Industry and Commerce), which will allow them to fully operate throughout the region and employ 15+ staff members at their Shanghai headquarters. Through their three product pillars of water management, fertility, and bio-pesticides, Shanghai Aquatrols Asia will bring the best of global agriculture and horticulture technology to Southeast Asian farmers and consumers.
“China is a compelling market for Aquatrols,” said Aquatrols’ President and CEO, Matthew Foster. “Increasing productivity while improving the environmental impacts from farming will be a priority for many years to come. We believe this market will grow and Shanghai Aquatrols Asia is now positioned to help growers increase yield and quality in order to help feed a growing global population.”
Shanghai Aquatrols Asia has already conducted over 120 trials since 2016 and is currently working directly with 42 distributors in the region. Guided by research and over 65 years of soil health experience, Shanghai Aquatrols Asia is working to bring a suite of new technologies to Asia growers.
This joint venture is a critical piece of the global growth plan that Aquatrols has been developing and executing since 2016.
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