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| Fertilizer maker earns US$128m from exports |
| 2009-7-1 14:14:00 |
China's largest phosphate fertilizer producer, the Hongfu Industrial Development Company, based in Southwest China's Guizhou Province, earned a record US$128 million from exports in 2003.
The figure was a rise of 46 percent year-on-year, said He Haoming, general manager of Hongfu.
Hongfu tops the list of similar companies in the country in foreign exchange gained from exports, said He.
During the first two months in 2004, Hongfu registered more than US$10 million from exports, and the total amount for this year is expected to keep the same level as that in 2003, added He.
Equipped with state-of-the-art facilities and expertise, Hongfu has an annual production capacity of 3.5 million tons of phosphorus ore and 1.68 million tons of ammonium phosphate, by exploiting local rich phosphorus resources with proven reserves exceeding 800 million tons.
Hongfu is a strong competitor in world markets with its products selling well in more than 10 countries and regions, said He.
In 2003, Hongfu exported 400,000 tons of diammonium phosphate, a highly valuable product, to Japan, the Republic of Korea, Vietnam, Laos, Singapore, the Philippines, New Zealand and Australia, accounting for more than half of China's total exports of the item.
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