According to the public information released by the government of Yongxiu County, Jiangxi Province, in Dec. 2014, the first phase of Zhengbang Bio-chemical's pesticide project, which has a total investment of USD326.51 million, has completed.
Invested and established by Zhengbang Group Co., Ltd. (Zhengbang Group), the project is located in the Xinghuo Industrial Park of Yunshan Economic Development Zone from Feb. 2013, with a total area of 25 ha. and a capacity of 35,000t/a for pesticide TC and water-based environmentally-friendly formulations.
The construction of the project started from Sept. 2013. Construction and trial production of phase I were both completed in Dec. 2014 while those of phase II are expected to finish in Dec. 2015. The annual output value is expected to be USD587.77 million after production reaches requirements.
Zhengbang Group was established in 1996, mainly engaged in processing of agricultural produces and production and sales of feed and other products, ranking the top 500 Chinese enterprises. In recent years, the annual revenue of the company has surpassed USD4.9 billion. Zhengbang Bio-chemical Co., Ltd. (Zhengbang Bio-chemical), as a holding subsidiary of Zhengbang Group, is engaged in production and sales of pesticides. It has over 100 pesticide registration certificates, which are for common non-patent pesticide formulations in the market.
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