“I believe this is excellent strategic fit for Agrium, one that leverages off our expertise in the specialty fertilizer business and provides a platform for future growth in the important Chinese fertilizer and agriculture market,” said Mike Wilson, President and CEO of Agrium.
Hanfeng is a provider of value-added fertilizers in China, with significant granulated NPK production, blending capacity, and growing SCU capacity. Its SCU production technology was licensed from Nu-Gro Technologies, which is now part of Agrium’s Advanced Technologies business unit.
Hanfeng ha crecido significativamente en el mercado de fertilizantes especiales en los últimos dos años y tiene planes de continuar expandiendo la producción en China. Se espera que el crecimiento se produzca principalmente en fertilizantes de liberación lenta y controlada, que aumentan los rendimientos y representan una mejor práctica de manejo de nutrientes.