CAGC Corporate Information
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China Agritech, Inc. is a U.S. public company registered in Delaware with its headquarters in Beijing, China. The Company began producing organic liquid fertilizer in 1994 and it is now one of the leading developers, manufacturers, and distributors of organic compound fertilizers in the People’s Republic of China ("PRC"). As a holding company, China Agritech operates through three China-based, wholly owned subsidiaries -- Anhui Agritech Development Co. Ltd., Beijing Agritech Fertilizer Co., Ltd. and China Tailong Holdings Company Limited’s subsidiary, Pacific Dragon.
With the world’s largest population of approximately 1.3 billion, and a limited and declining amount of farmland in the PRC, fertilizers are becoming more important to enhance yields and the health of crops.
The Chinese government is also promoting a ”Green Food” campaign to increase the use of organic fertilizers, which represented approximately 10% of total fertilizer sales. The Chinese government has set an organic fertilizer target of 30% over the next decade. Organic fertilizers are relatively safer, and have greater efficacy and environmental characteristics.
Our principal products are "Lvlingbao 3", "Lvlingbao 4", "Tailong 1" and the "Green Vitality" series. All of these products can be applied in various methods such as spraying, water flushing, dripping irrigation, and basal application, and their effects cover the entire lifespan of the crops. In addition, CAGC's sophisticated R&D capabilities enable the Company to target individual crops and customize fertilizers for specific effects. Our fertilizers are able to enhance photosynthesis, strengthen the roots, increase absorption of nutrients, eliminate harmful elements and help crops fight droughts.
China Agritech’s fertilizers are certified by the Chinese government for national distribution. The Company’s internal marketing and distribution network has been expanded and marketing and distribution agreements signed with Sinochem, China’ largest fertilizer distributor and Odyssey International Trading primarily for exports.
In the second quarter of2009, organic granular fertilizer was introduced to expand the product line and enter a much larger market in China. Additionally, the Company announced in 2009, new high-tech, humic acid-based, organic liquid and powder compound fertilizers based on its proprietary nano-honeycomb embedding and microelement deep complexing technologies. These new high-tech fertilizers will be available soon and they are more environmentally friendly and effective while providing a higher nutritional content than traditional organic fertilizers.
Production facilities are strategically located to provide fertilizer products to the regional markets in the Northern, Eastern, Southern and Western parts of China. Organic liquid fertilizer production capacity of 13,000 metric tons is located through five facilities located in Harbin (Northern China), Beijing (Southern and Central China), Anhui (Southern and Central China), Chongging, and Xinjiang (Western China). New capacity for 150,000 metric tons of organic granular fertilizer is in production at Anhui and Harbin, and another granular fertilizer facility in Xinjiang for 50,000 metric tons will be in place by the end of 2009. The Beijing facility is also the research and development center, syrup production and converting factory.
China Agritech utilized a reverse merger transaction to become public in February 2005. Access to the U.S. financial markets will help the Company attain its goal of becoming the No.1 brand of organic fertilizers in China.
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