In April 2020, Jiangsu Tuoqiu Agrochemicals Co., Ltd. (Tuoqiu Agrochemicals) made an announcement about the investing to establish a fully owned subsidiary. It’s announced that the company used its own funding (by cash) to invest to set up a wholly owned subsidiary namely, Tuoqiu Biotechnology (Lanzhou) Co., Ltd., to expand the production capacity and the overall business size.
The new subsidiary was registered in Lanzhou New Area, Gansu Province with a registered capital of USD2.8 million. It would focus on the manufacturing and sales of pesticide technical including fipronil (800 t/a), prochloraz (1,500 t/a), oxadiazon (600 t/a), bromothalonil (500 t/a), and paclobutrazol (2,000 t/a).
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