China Agri-Business Inc., through its operating company in China, Shaanxi Xinsheng Centennial Agriculture and Technology Company Limited, manufactures and sells non-toxic fertilizer, bactericide and fungicide products used for farming in China. Crops grown with the company’s products are eligible to qualify for the “AA Green Food” rating given by the Chinese Ministry of Agriculture.
The company today announced its plan for construction of a manufacturing and logistics center which will be located in Xi’an, China. China Agri-Business entered into a land leasing contract with Xi’an Shishang Weiyang Investment & Management to lease approximately 3.9 acres of land.
China Agri-Business plans to build facilities covering about 107,600 square feet consisting of manufacturing, research and warehouse facilities. The cost for the first phase of the construction will be $3.94 million and is expected to last approximately four months.
The new facilities will include the annual capacity to manufacture 11,000 tons of products. In addition, the warehouse is expected to have a storage capacity of 40,000 tons per year. After completion of the new facility, called the Xinsheng Shiji Center, it is expected to contribute an estimated revenue of $45 million from its manufacturing facilities and $6 million from its warehousing and logistics facilities.
China Agri-Business believes that the Xinsheng Shiji Center will help it to meet the rising demand for its products and will provide a solid foundation for its future development. For further information on the company, please visit www.chinaagri-business.com