Agria, a China based holding company for investments in the agriculture sector, has established a new research and development center in Shenzhen, China as part of its efforts to support the company's growing operations in China and other emerging markets.
The facility has been designed to develop advanced planting and seed cultivation technology for new strains of forage seeds, corn seeds and vegetable seeds, according to the company.
In addition, the R&D facility has allowed the company to enter into cooperation agreements with several domestic and foreign research institutes and universities to provide ongoing technical support for the rapid development of Agria's seeds business in the region.
Agria executive chairman Alan Lai said establishing an R&D center in China is of strategic importance to Agria as it represents a very large market opportunity for the 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," Lai added.
Agria is an agricultural company with operations in China and internationally. The company operates three principal business lines: China seeds, international seeds and agriservices.
In China, Agria is involved in research and development, production and sale of seed products, including field corn seeds, edible corn seeds and vegetable seeds.
