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Origin Agritech acquires Shandong Kunfeng

Chinese seed company Origin Agritech has acquired an 80% stake in Chinese agrochemical manufacturer Shandong Kunfeng Biochemical for Yuan 15 million ($2.2 million at the current rate). Origin Agritech is pursuing a strategy of investing in agrochemical products that are not only compatible with the company's genetically modified crop seed products but also allow for significant cross-selling through its existing nationwide distributor network to 200 million small farms in China. The Chinese market presents some $13,000 million market potential, the company adds.



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