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  • Optimal plant nutrition using more efficient fertilizer: BASF and Kingenta to jointly address tough agriculture challenge in China

    17.06.2016

    Joint news release June 23, 20…

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    Joint news release

    June 23, 2016

     

    Optimal plant nutrition using more efficient fertilizer: BASF and Kingenta to jointly address tough agriculture challenge in China 

    Kingenta to launch novel fertilizers coated with BASF’s new product Limus®

    Limus®, a urease inhibitor, addresses the serious problem of nitrogen loss in urea-based fertilizers

    Limus® treated fertilizers will be available in Chinese market as of July 2016  

    Linshu, China – June 23, 2016 – Today, BASF and Chinese fertilizer supplier Kingenta announced their partnership to bring farmers in China novel fertilizers coated with BASF’s new Limus® technology. Limus® addresses a pressing issue in agriculture: the loss of nitrogen in urea-based fertilizers. The new technology allows farmers to achieve greater harvests by protecting against this overuse of resources.”

     

    With conventional fertilizers, only 50% of the available nitrogen is taken up by plants. These losses occur through volatilization and leaching, processes that are tough to control. Limus® is one of the most effective urease inhibitors worldwide. With this breakthrough innovation, the volatilization can be reduced by up to 90%. The result is that more food can be produced with less nitrogen, significantly increasing resource efficiency. Limus® will allow farmers to simplify their fertilization practice, make the most of their investment and increase yield potential while at the same time contributing to a healthier environment.

     

    In this partnership, BASF will provide Kingenta with its Limus® technology. Kingenta, one of the largest fertilizer suppliers in China, will directly promote and sell Limus®-treated fertilizers in China from July 2016 onwards.

     

    “With this powerful collaboration, we combine a fantastic product with high-end expertise in the Chinese fertilizer market,” says Mark Shillingford, Head of Marketing BASF Crop Protection China Limited. “BASF and Kingenta have jointly developed a solution to one of the most important challenges in agriculture,” concluded Shillingford.

    Farmers are constantly seeking new ways to produce more with less input and therefore be able to supply the increasing demand for food and feed. Fertilizers have become an essential resource to help achieve that. However, the excessive nitrogen loss results in farmers having to apply more fertilizer, which can be costly and can have negative impact on the environment.

    “BASF has invested significantly into R&D to solve drawbacks of generic urease inhibitors. Limus® has an outstanding biological performance through two active ingredients and a longer shelf life due to BASFʼs polymer technology used in its formulation. Thatʼs why it is the best urea protection for optimal plant nutrition,” said Dr. Markus Schmid, Director Global Limus® launch, BASF Crop Protection.

     

    “The strategic cooperation between Kingenta and BASF will be a mutually advantageous combination of technology, product, brand, channel and services. Kingenta commands advanced production technology and a strong service network for marketing throughout the whole country. The strategic cooperation with BASF’s advanced urease inhibitor product brings customers both an excellent product and service. In the future, highly efficient products made from Kingenta’s advanced technology, together with BASF inhibitor Limus®, will be promoted rapidly through a sales service network of 100,000 covering the entire Chinese market. Together, we will provide farmers with highly efficient and environmentally friendly products and will boost yield increase”, said Mr. Yang Guanbo, Vice president of Marketing & Sales at Kingenta.

     

     

    About Kingenta

    Kingenta Ecological Engineering Group Co., Ltd. (Kingenta) is a Chinese Hi-tech Enterprise and National Innovation-oriented Enterprise, which is devoted to R & D, production and marketing of specialty fertilizers including compound fertilizers (CF), slow/controlled-release fertilizers (SCRF), water-soluble fertilizer (WSF) and other high-end products.  1n 2016, Kingenta announced an agreement to purchase Compo GmbH. Since its inception in 1998, Kingenta devoted itself on serving growers worldwide. Over 18 years’ strenuous efforts, Kingenta has grown to be a national innovative enterprise with total assets of RMB 11 billion , over 10,000 employees, and annual capacity of 7 MMT. Kingenta was listed on Shenzhen Stock Exchange (002470) in 2010. In 2015, the sales revenue was RMB 18 billion. See www.kingenta.com or our social media channels for more information.

     

    About BASF’s Crop Protection division

    With sales of more than €5.8 billion in 2015, BASF’s Crop Protection division provides innovative solutions for agriculture, turf and ornamental plants, pest control and public health. Our broad portfolio of active ingredients, seed treatments, biological controls, formulations and services optimizes efficient production of high quality food and protects against post-harvest loss, damage to buildings and the transmission of disease. By delivering new technologies and know-how, BASF Crop Protection supports the effort of growers and pest management professionals to make a better life for themselves and society. Further information can be found on the web at www.agro.basf.com  or on our social media channels.

     

    About BASF

    At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 112,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information at www.basf.com.

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  • Kingenta obtains a State Key Laboratory status – a new State R&D platform

    09.11.2015

    Kingenta has presented a progr…

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    Kingenta has presented a program of “State Key Laboratory of comprehensive utilization and high efficiency of nutrient resources” at the “Shandong province Key Laboratory construction conference” which was held at Jinan, capital of Shandong province. The program was approved by the Ministry of Sciences and Technology. This marks the 7th of State Key R&D program which Kingenta has been awarded.

    This new State Key Laboratory is aiming to establish resource development and utilization for the purposes of basic research, R&D facilities and platforms, efficient development and utilization technology of nutrient resources in constructing research system. Improving comprehensive utilization of nutrient resources, breaking of restricting food production technology of nutrient resources utilization, and realizing China’s grain yield, high yield and national food security, are a strategy of great significance to the state.

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  • Kingenta goes strong at the 2015 Phosphate and Compound Fertilizer Conference

    05.11.2015

    On 9th of Nov, Kingenta Presen…

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    On 9th of Nov, Kingenta Presented in Xian 2015 Phosphate and Compound NPK fertilizer conference, it was 16th sessions of this Eevent, it is the fertilizer industry the most important of the year “Festival”, exhibitors show their brand image, product technology etc.

    This year’s conference is different from previous conferences, the theme followed by waves of agricultural development. Promotion of “Reduce fertilizer application and improve nutrient efficiency”, and fertigation technology are the main topics and focuses for this even, promoting the new fertilizer industry development and the rise of agricultural e-commerce became the attention of the participants.

    Kingenta as a leading manufacture of Compound fertilizer and controlled release fertilizer, as well as fertigation technology promoter present new image of Internationalization in this event.

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  • Kingenta’s Q3 2015 shows great financial results

    19.10.2015

    Kingenta’s financial statement…

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    Kingenta’s financial statement for Q3 2015 shows a sharp increase of 60.52% in sales revenue, by comparison with 2014 Q3,The YTD revenue is16.2 Billion RMB. Net income is 1.1 Billion RMB, increased by 35% compared Kingenta’s 2014 Q3 financial statement.

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