Agrium Inc. announces it has acquired a 19.6% equity position in a Chinese specialty fertilizer company, Hanfeng Evergreen Inc. (Hanfeng) for $63 million.Agrium Inc. announces it has acquired a 19.6% equity position in a Chinese specialty fertilizer fertilizer, organic or inorganic material containing one or more of the nutrients—mainly nitrogen, phosphorus, and potassium, and other essential elements required for plant growth. company, Hanfeng Evergreen evergreen, term commonly used as synonymous with conifer and applied also to all those broad-leaved plants that bear green leaves throughout the year. Of the latter, most are plants of the tropics, subtropics, and other areas where the growing season is prolonged (e. Inc. (Hanfeng) for $63 million. In addition, Agrium has the opportunity to participate in a proposed joint venture between Hanfeng and PetroChina Ningxia Petrochemical Company (PetroChina). It is expected that this joint venture will build and operate Sulphur Coated Urea (SCU SCU Santa Clara University SCU Southern Cross University (New South Wales, Australia) SCU Southern California University of Health Sciences (Whittier, California) SCU Serious Crimes Unit SCU Special Care Unit ) plants in Ningxia and the surrounding provinces. |
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