Agria Establishes R&D Facility in China
BEIJING -- (Marketwired) -- 04/22/13 -- Agria Corporation (NYSE:
GRO) (the "Company" or "Agria") today announced that it recently
established a new research and development center in Shenzhen, China
to support the Company's growing operations in China and in other
The new R&D facility is designed to develop advanced planting and
seed cultivation technology for new strains of forage seeds, corn
seeds and vegetable seeds. Additionally, this facility has resulted
in the formation of cooperation agreements between Agria and several
domestic and foreign research institutes and universities to provide
reliable, ongoing technical support for the rapid development of
Agria's seeds business in the region.
Mr. Alan Lai, Agria's Executive Chairman of the Board, commented,
"Establishing an R&D center in China is of strategic importance to
Agria as it represents a very large market opportunity for our
company. Our new state-of-the-art facility will develop innovative
planting and cultivation technologies to ensure Agria produces high
quality seed products in China. By leveraging our advanced
agricultural industry experience, experienced management and strong
research capability, we intend to advance our seed technology
standards to a world class level allowing us to further expand our
market position in China and other growth markets."
About Agria Corporation
Agria Corporation (NYSE: GRO) is an international agricultural
company with operations in China, South America, New Zealand and
Australia. Agria operates three principal business lines: China
seeds, international seeds and agriservices. In China, Agria engages
in research and development, production and sale of seed products,
including proprietary field corn seeds, edible corn seeds, vegetable
seeds, grass seeds and forage. Agria owns through Agria Asia a 50.22%
equity interest in PGG Wrightson Limited, New Zealand's largest
forage and agricultural services company. For more information about
PGG Wrightson Limited, please visit www.pggwrightson.co.nz. For more
information about Agria Corporation, please visit www.agriacorp.com.
Safe Harbor Statement:
This announcement contains forward-looking statements. These
statements, including the management's commentary, are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "confident"
and similar statements. Agria may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on Forms 20-F and 6-K, etc., in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Agria's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ materially
from those contained in any forward-looking statement. Potential
risks and uncertainties include, but are not limited to, those risks
outlined in Agria's filings with the U.S. Securities and Exchange
Commission. All information provided in this press release is as of
the date of this announcement unless otherwise stated and Agria does
not undertake any obligation to update any forward-looking statement,
except as required under applicable law.
For more information, please contact:
Chief Financial Officer
Tel: +852 2748 9390
Phone (U.S.): +1-646-308-1207
Phone (China): +86-10-6583-7511
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