Kiwa Bio-Tech Products Group Corporation has announced that its subsidiary Kiwa Shandong has received approval documents from the Ministry of Commerce of the People' s Republic of China, allowing it to wholesale other companies' fertilizer products.
The approval includes chemical fertilizers, complex fertilizers, and compound fertilizers. On June 10th Kiwa announced it was holding discussions with Jiangsu Zhongdong Group Co., Ltd. to work together to develop and market products. Zhongdong has already commenced to cooperate with Kiwa Shandong, and sales volume is expected to be $10,000,000 in the next six months.
Wei Li, Kiwa's CEO and chairman, said, "The latest developments in China' s fertilizer market suggest dual directions with the integration of the bio-fertilizer market with the chemical fertilizer market. A number of large-scale chemical fertilizer manufacturers have started cooperating with bio-fertilizer manufacturers in order to develop new biological complex fertilizer products and exploit these markets together. Undertaking this cooperation with Zhongdong should contribute to significant growth of Kiwa' s revenues."
Kiwa develops, manufactures, distributes and markets bio-technological products that are designed to increase the value, quality and productivity of crops and decrease the negative environmental impact of chemicals and other wastes.