On June 19, Guangdong Laduomei Fertilizer and CNCIC jointly hosted “China First Potassium Humate Compound Fertilizer Summit & Laduomei’s Strategy for Marketing 1 Million tpy of Advanced Fertilizer” in Beijing.
Established in 2003, Guangdong Laduomei Fertilizer has seven series of fertilizer products, including potassium humate compound fertilizers, water-soluble fertilizers, and nitro-NPK products. The company has been developing fertilizer production bases in Guangdong, Henan, Jiangxi, Guangxi and Shaanxi, and plans to increase its total fertilizer capacity to 3 million tpy.
At the conference, YANG Jinchang, president of the company, said that the company has established a research center for potassium humate compound fertilizers. He added that the company’s fertilizer products have proven their good performance in the Shandong, Henan and Hebei markets. Laduomei plans to increase its sales income to RMB 1.8 billion by 2018; and the company hopes that its income from potassium humate compound fertilizers business will increase gradually, and will be 60% of its total income in five years.
Over the past decade, China’s grain output increased by 28.2%, while the country’s fertilizer consumption increased by 27.8%. China aims to limit its fertilizer consumption growth rate to zero by 2020.