Agriculture: Yongye Opens Mongolian Production Facility
August 31, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Yongye International, Inc. (NASDAQ: YONG), a Chinese maker and distributor of "Shengmingsu" brand plant and animal nutrient products, said it has opened a new production facility in Wuchuan County, Hohhot, Inner Mongolia.
The company said that its new facility is capable of producing 20,000 tons per annum of Shengmingsu plant nutrient product and 10,000 tons per annum of Shengmingsu animal nutrient product, for a total production capacity of 30,000 tons per annum.
The capacity from the new facility is in addition to the company's prior capacity of 15,000 tons per annum for plant nutrient product and 1,000 tons per annum for animal nutrient product, bringing Yongye’s total capacity to 46,000 tons per annum.
Yongye said it expects the new facility to become fully operational in the fourth quarter of 2010.
China-based Yongye International is a Chinese agricultural nutrient company with its production facilities located in Hohhot, Inner Mongolia, China.
Yongye markets two lines of organic nutrient products: a liquid nutrient product that is sprayed on plants and a powder nutrient product which is added to animal feed. Both products are sold under the brand name "Shengmingsu," which means "life essential" in Chinese.
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