Kingenta’s Core Technology for Comprehensive Utilization of Ardealite Appraised as World-Leading
(Our correspondent reports) On September 19, the Ministry of Industry and Information Technology convened a meeting to appraise the “Industrialization of Collaborative Utilization of Dihydrate-Hemihydrate Phosphoric Acid and Ardealite and Potassium Feldspar” project, jointly accomplished by Norsterra Chemical Co., Ltd. owned by Kingenta and Kingenta Ecological Engineering Group Co., Ltd. The core technological achievement of the project was appraised as world-leading.
Kingenta Group Expands Overseas Market by Buying 70% of Navasa’s Stock
(Our correspondent Song Wei reports) On June 30, 2016, KingentaInvestco, S.L. (hereinafter referred to as "Kingenta Spain"), a wholly-owned subsidiary of Kingenta Germany that is a subsidiary of Kingenta Ecological Engineering Group Co., Ltd., signed the Stock Sale and Purchase Agreement with two shareholders of the Spanish company A.Navarro, S.A. (hereinafter referred to as "Navasa"). Kingenta Spain bought their 70% stake in Navasa at a price of 5,565,000 Euros. The acquisition and delivery was completed in July.
Closing Ceremony of Kingenta Group‘s Acquisition of Compo GmbH in Frankfurt, Germany
On 11 and 12 July, 2016, Kingenta held the M&A Transaction Ceremony of Compo GmbH in Frankfurt, Germany, which is the largest overseas acquisition in fertilizer industry in China.
Kingenta Launches Strategic Cooperation with BASF to Propel Efficient Utilization of Nitrogen Fertilizers
(Our correspondent reports) Wan Lianbu, president of Kingenta Group, and executives of the group and Compo GmbH visited and investigated the headquarters of BASF recently. The two sides held talks on the future cooperation in the urease inhibitor Limus and strategic cooperation in other fields, before reaching several cooperation intentions.
Kingenta Buys Full Control of 24 Enterprises Including the World’s Famous Fertilizer Producer Compo GmbH
(Our correspondent He Lei reports) On April 7, 2016, Kingenta Group announced its acquisition of the horticultural business of CompoAcquiCoS.à.rl at a price of no more than 116 million Euros (about 850 million yuan) with 100% stake. CompoAcquiCoS.à.rl owns 24 companies that are engaged in the horticultural business including COMPO GmbH, COMPO France SAS and COMPO Italia S.r.l.
Fertigation Paves a New Road—Fertigation for Tropical Crops Summit Held in Xishuangbanna
(Our correspondent Gao Haibo reports) "Today, I have a deeper understanding of the fertigation technology, hoping to get government subsidies as soon as possible to reduce the cost of planting," said Chen Xuankui from Jinghong Xuandali Company. He has not only achieved large-scale cultivation in China, but also contracted 2 mu of land for growing banana and mango in Laos. Chen Xuankui is more concerned about the application of drip irrigation technology considering the large cultivated area, and he has been looking forward to the opportunity to discuss with experts.