Changqing Agrochemical to invest Yuan1.5 billion in pesticide project
Chinese agrochemical company Changqing Agrochemical
announced a decision to acquire 500 Mu of land in Jingmen Chemical Cyclic Industrial Park, Hubei Province, for construction of pesticide technical and formulation production facility. The project will take an investment of Yuan1.5 billion, which will be implemented in phases.
It is reported that the above project is scheduled to be constructed and completed in 18 months. Changqing Agrochemical says that the newbuild of pesticide technical and formulation production facility complies with Chinese national pesticide industry deployment requirement, which will be of great help to the company’s optimization of product structure, increase of production capacity, raise of profitability, strengthening of the market position, rapid and sustainable development on a long-term basis.