Chinese fertilizer producer Hubei Xinyangfeng has secured its first allotment of farmland outside of China, after it purchased a farm in southern New South Wales, Australia. The Chinese company, listed on the Shenzhen Stock Exchange, has pledged to spend $50 million setting up a number of locations in Australia, and began its operation by purchasing the farm for $4 million. On Tuesday [5 April 2016], a spokesperson from the producer said it was hoping to further expand its international operations through opening up a number of Australian sites…Full Article: China Daily Apr 2016
- Hubei Xinyangfeng Fertilizer plans to invest US$50 million in Australia, including the establishment of water-soluble fertilizer plant (50,000 MTs per year capacity).
- Founded in 1999 and headquartered in Jingmen, Hubei Xinyangfeng Fertilizer produces various types of fertilizers including phosphate, urea, potassium, and compound fertilizers.