Kazakhstan company Kazakhstan Potash Corporation (KPC) and Chinese Chongqing Agricultural Production Material Group reached agreement on the joint construction of a production and distribution center of potash fertilizers in Chongqing (southwest China).
According to the signed agreement, the turnover of the new centre of potash fertilizers will reach 3 million tons per year.
According to the Chairman of the Board of Chongqing Agricultural Production Material Group WAN Juncea produced in the center of chemical fertilizer will be sold in South-Western China and exported to Japan and Southeast Asia.
The report notes that the joint venture expects to receive annual income of more than 20 billion yuan ($3 billion) in the next 3-5 years, with profit in the amount of 200 million yuan, but also to enter the foreign stock market.
Translated by service "Yandex.Translation"
