Chinese fertilizer company buying Australia farms
Xinyangfeng Fertilizer Company, one of the top three producers and exporters of fertilizer in China, has purchased a 5,683-acre mixed livestock and crop farm in Australia. Additional farm purchases are anticipated, and the fertilizer company says it is jumping into fertilizer marketing in a big way in Australia.
Word is that the farm will continue to be run under Australian management and supervision.
A statement from Xinyangfeng Fertilizer that quoted Yang Huafeng, director and general manager of the company, said this is the first of several planned investments in Australia. Huafeng and company management is inspecting property in northern New South Wales and southern Queensland for purchase.
"Xinyangfeng Fertilizer Company Limited is a large-scale Chinese listed public company which specializes in product research and development of concentrated phosphate and NPK fertilizers. Xinyangfeng is one of China's leading producers and exporters of fertilizer and is set to establish a distribution network throughout Australia," according to the company statement published in The Weekly Times newspaper.
An Australian real estate marketing and management consultancy is credited with assisting the Chinese. The consultant managers said this first purchase established the template and put people in place to help Xinyangfeng Fertilizer establish a solid Australian base, according to Simone Smith in writing for The Weekly Times.
It is obvious that new distribution of Chinese fertilizer will be propped up with captured customers for fertilizer use on all the farmland owned by the fertilizer company.