 Sinochem is China's largest fertilizer corporation, integrating manufacture, supply and sales. Over years it has been devoted to the procurement of chemical fertilizer resources to provide high-quality products and services for domestic users, with its sub-sales network covering China's main agricultural regions; its plays an important role in safeguarding the supply of chemical fertilizer on China's market and China's food security.
In recent years, Sinochem has implemented the fertilizer development strategy of “Taking distribution as the major driving force; Expanding to both upstream and downstream sectors of the industrial chain”. Sinochem have not only established a complete products manufacturing system and distribution network, but also formed an industrial chain integrating resources acquiring, R&D, manufacturing, distribution and agricultural services. The market and social value of this business is greatly promoted and the leading role on domestic chemical fertilizer market is further consolidated. In 2006, the total sales volume of Sinochem’s fertilizer products has reached 12.57 million tons, Sinochem’s fertilizer business has taken a 14% market share of China’s fertilizer market.
In 2005, Sinochem infused its chemical fertilizer business into Sinochem Hong Kong Co. Ltd. (proprietary)(0297.HK, the company changed its name from "Sinochem Hong Kong Holdings Limited" to "Sinofert Holdings Limited" with the short name as "Sinofert" )and succeeded in being listed in Hong Kong capital market, thus becoming the first corporation in China's agricultural materials to be listed overseas. It’s widely welcomed by global investors since it was listed in the Hong Kong Stock Exchange. In early 2006, Potash Corporation of Saskatchewan Inc, which is the biggest potash fertilizer in the world increase its holding on the stocks of our company to 20% and became the second stockholder. By the end of 2006, Sinofert’s market value reached 18.7 billion HK dollars. Sinofert is currently a fertilizer company with the largest market value in China.
In the foreseeable future, Sinochem will continuously hold its strategic position as a marketing and servicing company and push the fertilizer business development strategy of “Taking distribution as the major driving force and extending to both upstream and downstream of industrial chain”. We will further expanded our distribution network, strengthen both international and domestic fertilizer supply system, improve precuts combination and marketing services, and maintain Sinochem’s leading market position as China’s largest fertilizer distributor. We will actively explore the developing rules of related agricultural services and seek for opportunities to realize the leap-forward development. Sinochem is committed to be China’s largest and a world leading comprehensive service provider in terms of agricultural inputs. Sinochem will make more contributions to the agricultural development of China and the whole world.
|