A subsidiary of Qianjiang Biochemical intends to invest in the relocation project of biopesticide technicals and formulations from the zone to the park

Qianjiang Biochemical announced on February 27 that its wholly-owned subsidiary Zhejiang Qichao plans to invest about 459 million yuan to construct the relocation project of Qianjiang Bio-pesticide biopesticide technicals and formulations, which will relocate the original production base of pesticides, feed and fertilizer, which was located at No. 9 Shibelt Road, Haichang Street, Haining City, Zhejiang Province.

Zhejiang Qichao plans to build a new biological pesticide factory and scientific research center with an annual output of 3,261 tons of technical formulations and 20 million tablets, mainly engaged in the R&D and production of technicals and formulations of Gibberellic acid series, biological pesticide technicals and formulations of Validamycin and new environmental pesticide formulations.

After the implementation of the project, the economic benefits of the project are good. The investment and construction of this project can increase the profitability of the company. If the expected benefits can be achieved after the completion of the project, the company's performance and comprehensive competitiveness will be improved.