Agria and PGG Wrightson to Develop High-Profile Agri-Tech Showcase

The China Yangling – New Zealand Agriculture Showcase will benefit from Agria and PGG Wrightson’s extensive experience and resources in advanced technical development planning, management philosophy and skills, combined with the support of the Provincial and Administrative Authorities governing China’s Yangling Demonstration Zone. It will serve as a showcase for Agria, PGG Wrightson and other New Zealand agriculture-related businesses to promote New Zealand’s advanced agriculture, science, technologies and innovative services. The Yangling Agricultural High-Tech Industries Demonstration Zone will promote industrialization of agriculture, with an emphasis on international cooperation.

The Yangling Agricultural High-Tech Industries Demonstration Zone is the State-level agricultural high-tech industries demonstration zone in China, known as the “Modern Agricultural City.” It is one of ten Technology Industrial Parks in China that is open to APEC countries, and one of the five high-tech zones supported by the Chinese Central Government. The Yangling Agricultural High-Tech Industries Demonstration Zone enjoys special administrative privileges provided by provincial and ministerial authorities. It has become a leading center for world-class agriculture and technological research, the development and promotion of innovations and high-tech achievements.

Alan Lai, Agria’s Chairman of the Board, commented, “We are pleased to be further extending our relationship with PGG Wrightson. The China Yangling – New Zealand Agriculture Showcase will serve as a high-profile, strategic platform for us to expand our agri-tech business and broader collaboration between China and New Zealand. This is just the latest development in our efforts to successfully leverage both companies expertise to our mutual benefit and growth. “

Agria and PGG Wrightson will jointly set up a working committee to coordinate the establishment of the project, with representatives from all parties. The Companies expect to benefit from preferential development policies available in Western China and for state-level high-tech zones. The Administrative Authority for Yangling Agricultural High-Tech Industries Demonstration Zone has agreed to seek support from the Central Government and The People’s Government of Shannxi Province. The Administrative Authority for Yangling Agricultural High-Tech Industries Demonstration Zone has also agreed to support the showcase project in the areas of project approval, financing, and land acquisition.