InvestorsHub Logo
Followers 37
Posts 3835
Boards Moderated 0
Alias Born 01/01/2006

Re: None

Monday, 04/03/2017 8:12:22 AM

Monday, April 03, 2017 8:12:22 AM

Post# of 40914
Kiwa Bio-Tech Beneficiary of Government Mandate in China

CLAREMONT, CA--(Marketwired - Apr 3, 2017) - Kiwa Bio-Tech Products Group Corporation ( OTCQB : KWBT ) ("Kiwa" or the "Company"), a Company focused on eco-friendly bio-based fertilizers promoting soil health, is pleased to announce a major initiative by the Chinese Government.

Recently, the Chinese Ministry of Agriculture issued the notice "Implementation of the plan to replace organic fertilizer replace fertilizer on the cultivation of fruit, vegetables and tea".

The notice creates a requirement that growers use at least 50% organic fertilizer in China's main cultivation areas of fruit, vegetables and tea by 2020. This is another important step for the Chinese government to reduce the chemical harm to the soil. In line with this initiative of Chinese government, Kiwa has introduced four new product lines of its bio-organic fertilizer -- special fertilizer for tea, special fertilizer for fruit trees, special fertilizer for vegetables, fertilizer use for popularization and application to be used at the initial pilot areas designated by the government, including the Shandong planting base of vegetables and fruit, the Hunan planting base of tea and the Fujian planting base of tea.

Mr. Yonglin Song, technical director of Kiwa, and Mr. Lulu Ji, from the technology promotion department, have been training farmers in these regions. Mr. Song stated, "The China government has begun to promote a project for the replacement of organic fertilizer. Kiwa's fertilizer products are ideal for what the government needs. Kiwa's technology will improve the safety of the soil and the quality of the crops produced. We believe the sales of our special fertilizers in these areas will help Kiwa achieve sales growth over prior periods."

https://finance.yahoo.com/news/kiwa-bio-tech-beneficiary-government-120000517.html

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.