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Article: Jiuhe distributes fertilizers in centralized manner.(M & A, Business & Trade)
- Article from:
- China Chemical Reporter
- Article date:
- January 6, 2009
CopyrightCOPYRIGHT 2009 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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While it might be the most difficult time for domestic fertilizer operations now, Chongqing Jiuhe Co., Ltd., a fertilizer trader, is recruiting new employees and mulling expansion, hoping to grab more market share at a weak period.
"Domestic fertilizer prices rode a crazy roller coast in 2008, having been surging before July 2008 and started to plunge after August 2008. This really shocked almost every fertilizer producer and trader," said Jiuhe Chairman Chen Xiaojun. "It's now the time for the survival of the fittest game for the fertilizer industry."
So far, lots of fertilizer plants has shut, or closed for maintenance and many traders has canceled or ...