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Article: Salt Lake Potash: intent on developing potash fertilizer business.(COMPANY FOCUS)
- Article from:
- China Chemical Reporter
- Article date:
- August 16, 2007
CopyrightCOPYRIGHT 2007 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Scarce resources VS important position
Qinghai Salt Lake Potash Co., Ltd. (Salt Lake Potash or the company, SZ: 000792) is located in Charhan, Germu, Oinghai province. It is the biggest potash fertilizer producer in China today. Data show that in the net profit of RMB750 million that Salt Lake Group accomplished in 2006, RMB695 million was from the potash fertilizer business.
The biggest shareholder of Salt Lake Potash today is Qinghai Salt Lake Industry Group (Salt Lake Group). Sinochem Corporation put an investment of RMB460 million into Salt Lake Potash in 2004 to hold 18.49% equity and became the second biggest shareholder of the company. Salt Lake ...