Jul. 13, 2022
The signing ceremony to establish the Fuhua Advanced Materials Industrial Park was held in Leshan City, Sichuan Province, China on July 7.
The industrial park is invested by Fuhua Tongda Pesticide Technology Co., Ltd, a leading pesticide company in China, to launch a fluorite mine-associated resource utilization project and a new build of glufosinate production capacity.
Local government leaders and Zhang Hua, Chairman of the Board of Directors of Fuhua Group, attended the signing ceremony and delivered speeches. Hua said that the Fuhua Group adheres to the concept of ″safe production, environment-friendly production and energy-saving production″ and has adopted an international leading design and construction standards to establish Fuhua Advanced Materials Industrial Par as a first-class green demonstration park in China, which will be Fuhua Group’s new and greater contribution to the development of advanced manufacturing in Leshan city and to accelerate its development as a regional central city.
According to the investment agreement, Fuhua Tongda Pesticide Technology Co., Ltd will invest RMB22 billion to produce 20,000 tons of glufosinate and related supporting projects, utilization of fluorite mine-associated resources, production of fluorinated electronic gas, production of 600,000 tons of lithium electrolyte, 100,000 tons of lithium iron phosphate cathode materials and 50,000 tons of high-end phosphorus-based flame retardants.
Fuhua Tongda Pesticide Technology Co., Ltd is one of the prime glyphosate manufacturers in China, having also stepped into the glufosinate industry in recent years. In 2021, the company’s sales reached RMB6.47 billion, ranking nineth in the national pesticide industry.