Beijing, China
October 24, 2007
Origin Agritech Limited
(NASDAQ: SEED) announced today that it has completed a new
hybrid seed production facility in the city of Chengdu. Chengdu
is the capital of the Sichuan Province in the southwest region
of China.
The new facility includes a hybrid rice and corn seed
conditioning plant with a capacity of 10,000 kilograms per hour,
making it one of the largest seed conditioning plants in
southwestern China. The facility also possesses a seed testing
laboratory and 4,000 square meters of administrative offices.
The new facility increases the Company's production capacity,
significantly improves its supply and distribution network in
the region, and reinforces Origin's ability to control the
quality of its hybrid seeds at all levels.
The Sichuan Province and the neighboring Hunan Province and
Hubei Province are known for growing rice. Therefore, from a
strategic perspective, the southern location of this new
facility will facilitate Origin's ability to deliver premium
hybrid rice seed to Southeast Asia in the near future.
Dr. Gengchen Han, Chairman and Chief Executive Officer of
Origin, commented, "We believe this state-of-the-art facility
should support increasing demand for our premium seed products
in Southwestern China. Our measured expansion into the region
should continue to be a major growth driver for us near term and
into the future. This addition further strengthens Origin's
vertically-integrated infrastructure throughout mainland China." |
|
