China Agritech in Cahoots with China’s Largest Fertilizer Distributor

By: QualityStocks Staff Journalist

China Agritech Inc. (OTCBB: CAGC.OB) announced yesterday it has signed a contract with Sinochem Fertilizer Co. Ltd, the largest fertilizer distributor in China, to deliver at least 1,000 metric tons of its “Green Vitality” liquid organic fertilizer. The order is expected to increase China Agritech’s revenue by $7.8 million over the duration of the contract.

''We are pleased to have obtained this contract with Sinochem Fertilizer, as we are one of a handful of liquid organic producers with the capacity to fulfill an order of this size. We feel that this contract reinforces the market opportunity for Green Vitality and its effectiveness in enhancing the yield and quality of a variety of agriculture products,'' Yu Chang, CEO of China Agritech, said in the press release. ''We also believe our relationship with Sinochem Fertilizer will contribute to our revenue growth in the future and increase our penetration within China.''

According to the press release, Sinochem Fertilizer has a distribution network spanning across 26 provinces including first and second tier distributors. The multi-level distribution network includes 17 sales subsidiaries and 1,600 sales points.

China Agritech develops, manufactures and distributes organic liquid compound fertilizers for the People’s Republic of China. The company sells its products, containing its proprietary formula, to farmers in 12 provinces of China.

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