Moscow-Acron reports that its U.S. subsidiary, Agronova International Inc., has completed the registration of acquisition of Beijing Yong Sheng Feng Agricultural Means of Production Co., Ltd., a Chinese-based company licensed by the state to distribute in China mineral fertilizers, both imported and domestically produced, and to sell other chemicals. All licenses and approvals required for a foreign-invested company have been obtained. Yong Sheng Feng has direct contracts with wholesale and retail fertilizer distributors all over China. “This acquisition will allow Acron to further strengthen its position in China, the largest fertilizer market in the world,” said Alexander Popov, Acron chairman of the board. “Through Yong Sheng Feng, we can supply our products to China, position and promote them, and render related services to distributors and farmers. Moreover, we can bring third party producers of fertilizers, both local and international, to our Chinese distribution network.”
Transparency Across the Fertilizer Value-Chain