Chinese agchem firm invests in formulation plant
Chinese agrochemical company Nanjing Keweibang Pesticide will invest Yuan 180 million ($27 million) in a pesticide formulation plant located in an industrial park in Huai’an, Nanjing province. The facility will have an annual production capacity of some 14,000 tonnes. Fixed asset investment in the project will amount to Yuan 150 million ($23 million). Once completed, it is expected to bring in annual revenues of Yuan 500 million ($76 million), the local government reports. Keweibang Pesticide has 17 registered trademarks in China.