Agria Establishes R&D Facility in China
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 growth markets.
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:
Patrick Tsang Chief Financial Officer Tel: +852 2748 9390 Email: firstname.lastname@example.org
William Zima Managing Director Phone (U.S.): +1-646-308-1207 Phone (China): +86-10-6583-7511 Email: email@example.com