On 3 July 2019, Jiangsu Changqing Agrochemical Co., Ltd. (Jiangsu Changqing) announced the signing of an investment cooperation agreement with Jingmen Chemical Recycling Industrial Park Management Committee.
Jiangsu Changqing plans to purchase 33.3 ha industrial purpose land in Jingmen Chemical Recycling Industrial Park for the construction of pesticide technical, pesticide formulations, and other chemicals project. With a total investment of USD218.3 million, the project will be phased for construction.
Specific products under this project have not yet been disclosed. Jiangsu Changqing said, “The project is in line with the administration’s instruction to optimize the layout of pesticide industry. It is favorable for optimizing our business, enriching our product line, and improving our profitability. It will help solidify and improve our position on the market.”
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