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.