Industry News

Hanfeng Begins Commercial Operations at Specialty Coatings Plant in Heilongjiang

Published on 2007-11-16. Author : SpecialChem

TORONTO, ONTARIO -- Hanfeng Evergreen Inc., a leading producer of slow and controlled release fertilizers in China, has announced that it has completed commissioning and begun commercial operations at its sulfur coated NPK (nitrogen, phosphate, potash) compound fertilizer plant ("SCF") located on its Heilongjiang facility in China. The first phase has an annual designed capacity of 50,000 tonnes per annum and it was completed and commissioned on time and on budget. The technology, developed by Hanfeng's own R&D team in Shanghai, allows the custom designing of various multiple nutrient blends, including micronutrients, as well as precisely controlling the nutrient releasing period over a 12-month period. The SCF technology is new to China and will initially target the agriculture market. The products versatility and superior quality will make it very competitive in the international high-end urban greening and cash crop markets as well.

"Hanfeng's technology and leading R&D capabilities will allow us to fully integrate all our products, providing a broader offering to our current and future customers," stated Mr. Xinduo Yu, President and CEO of Hanfeng Evergreen Inc. "We have already received initial orders for the SCF product from Malaysia and Australia, and have also had significant interest from North America as well."

The construction of the second phase, a 50,000-tonnes/annum polymer/sulfur coated compound ("PSCF") plant which also uses technology patented by Hanfeng, is expected to be completed by the second quarter of 2008. The existing Heilongjiang tower granulation plant will supply the compound NPK granules for the high-margin specialty coating plants. When the second phase is completed, the Heilongjiang facility will have a total of 450,000 tonnes of annual production capacity, with a full product offering that includes homogeneous granules, blended products, compound fertilizers, and specialty coating products.

About Hanfeng Evergreen Inc.

Hanfeng is the largest producer of slow and controlled release fertilizers in China. It was the first company to introduce the concept of slow and controlled release fertilizers into China's agriculture market with its establishment of the first commercial scale production in China. All production facilities are located in prime agricultural regions of China. The Company is headquartered in Toronto, Ontario and its shares trade on the Toronto Stock Exchange.

This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about Hanfeng's business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada. All amounts are stated in Canadian dollars except for noted otherwise.

Source: Hanfeng Evergreen Inc.

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