Kiwa Bio-Tech Products Group Corporation, a Company focused on eco-friendly organic fertilisers promoting harmless agriculture, today announced the investment objective of its newly established joint venture named Inner Mongolia Jingnong Investment Management Co. Ltd (Jingnong)
Under terms of the Joint Venture, Jingnong plans to invest in various Company projects of Kiwa, including but not limited to:
1. Expansion of the existing production base in Shandong Province and the construction of 3 new Kiwa Bio-Tech bio-fertiliser manufacturing bases in Inner Mongolia Province, Xinjiang Province, and Guizhou Province. According to Kiwa's projections, the annual production of each manufacturing facility will reach 1 million tons.
2. Establishment of a special fund to invest in the construction and operation of 2 Kiwa Bio-Tech fertiliser industry demonstration parks in Shenzhen, Guangdong Province and Penglai, Shandong Province.
Kiwa CEO Yvonne Wang stated, "The investment projects were developed based on the agreement between Kiwa Bio-Tech and the China Agricultural Products Processing Industry Development Association. With the development of the new joint venture, Kiwa will promote the harmless agriculture to take root in China."