Lanfeng Biochemical to set up a joint venture in Italy

Date:09-05-2013

Chinese agrochemical company Jiangsu Lanfeng Biochemical announced that it will invest € 2.55 million to create a joint venture with Ningbo Tide Imp. & Exp. Co and Agroventures S.R.L. in Italy, the total investment of € 5 million. The Italy company will focus on the registration and selling of pesticide products and provide relative services.

Lanfeng said that the establishment of this joint venture helps to increase its share in overseas market. With this Italian strongpoint, the company has faith to improve its ability of collecting and analyzing global market information and reinforce the registration work outside China.