13 Sep 2012, BioSpectrum Bureau , BioSpectrum
Singapore: Xinjiang Origin, a subsidiary of Origin Agritech, held an opening ceremony for its regional corn seed processing facility at Bole, Xinjiang, China. Origin Agritech is a technology-focused supplier of hybrid and genetically modified crop seeds in China. The state-of-the-art facility will mainly produce, process, package, and sell high-quality hybrid corn seeds to the domestic Chinese market. The processing facility will employ an advanced corn husker system, which is one of the largest corn huskers in the world.
The joint venture will increase Xinjiang Origin's total seed processing capacity and expand marketing channels to distribute Origin's hybrid products to the northwest region in China.
Established in June, 2011, Xinjiang Origin is a joint venture seed company between Origin and Xinjiang Jinbo Seed. Jinbo is a prominent local seed company affiliated with the Fifth Agricultural Construction Division of the Xinjiang Production and Construction Corps. Origin holds a 51 percent ownership stake and retains the exclusive joint venture partnership with Jinbo in Xinjiang.
Dr Gengchen Han, chairman and CEO, and Dr James Chen, CFO, Origin, hosted the ribbon-cutting ceremony. Senior officials from the Ministry of Agriculture as well as the Fifth Agricultural Construction Division of Xinjiang Production and Construction Corps attended the event as honorary guests.
Dr Gengchen Han, chairman and CEO, Origin, commented that, "Xinjiang Origin not only addresses the increasing demand for our superior hybrid seed products, but diversifies our cost structure and production base, and expands our sales channels into a new market. With our new management team, leaner corporate structure and the new facility, we are now poised for the next stage of growth."