Yasheng Develops "Lindan 210" Specialized Corn Seed to Enhance Crop Yields and Reduce Costs by up to 30%
Nov. 29, 2010 (Marketwire) --
REDWOOD CITY, CA -- (Marketwire) -- 11/29/10 -- Yasheng Group (OTCQB: YHGG), a high-growth diversified China-based agricultural company with US headquarters in California, today announced the development of "Tiaoshan" Lindan 210, a specialized corn seed product designed to enhance corn cultivation by increasing crop yields while reducing costs by up to 30%.
Yasheng, a pioneer in China's agricultural industry for more than 20 years, has been developing "Lindan 210" in conjunction with GanSu Yasheng Group's Research and Development Institutes for over 10 years. The seed has a number of beneficial properties and is drought tolerant, pest resistant and is capable of producing consistent high yields. The seeds are also coated with a bio-friendly fertilizer that facilitates germination as well as provides the nutrition necessary for healthy growth in the early stages of cultivation, thereby eliminating the need for farmers to purchase and apply expensive fertilizers. In addition, this new product reduces the demand for water as well as the need for harmful pesticides.
The product is sold in packages designed to cover a standard Chinese farming plot, about 1/6 acre. The product is 99% pure clean seeds, with a germination rate of 94% to 95%, which the company guarantees. One package can produce up to 1.5 tons of corn. The company has plans to expand production of their corn seeds for distribution throughout China as well as for sale in international markets such as Africa and other emerging countries that have rural farming practices.
Said Chairman Zhou Changsheng, "Our corporate vision is to develop high technology agricultural products to enable rural farmers to enhance crop yields while gaining other efficiencies. We continue to work on several other products similar to 'Lindan 210' that can be packaged and sold at reasonable prices, but return higher margins because of the cost savings resulting from the application of modern agricultural research and development."
Yasheng Group
Yasheng Group (OTCQB: YHGG) (www.yashenggroup.com), founded over 30 years ago, is a US holding company that conducts primarily agricultural operations in the Northwest of China. Today it is one of China's leading producers and marketers with six major product segments including field crops, vegetables, fruit, specialty crops, hops, hemp, seeds, beef and poultry. Yasheng is a supplier of high-quality agricultural products to world-famous conglomerates such as McDonald's, KFC, Tsingtao Beer, and Pepsi. The company is led by a highly qualified management team and it has total assets of approximately $1.7 billion, over 15,000 employees, and a history of strong sales and earnings growth.
Safe Harbor Statement
Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are discussed in the company's various filings with the Securities and Exchange Commission. The company assumes no obligation to update these forward-looking statements.
Contact:
Gene Marbach
212-508-9645
Email Contact
Daniela Viola
212-508-9676
Email Contact
Source: Marketwire (November 29, 2010 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
AI
