Hanfeng is a leading developer and producer of slow and controlled release (S&CR) fertilizer in China. Headquartered in Toronto, Canada, Hanfeng owns production facilities in Jiangsu and Heilongjiang China, a R&D centre in Shanghai and is currently constructing a new facility in Shangxi with a joint venture partner. Hanfeng¨s production primarily targets the large agricultural market in China and the urban greening market.
While China is the world¨s largest consumer and producer of conventional fertilizers, its S&CR fertilizer industry is still at an early stage of development. China¨s domestic fertilizer industry is fragmented with numerous small regional producers, many operating out-dated and inefficient equipment. There is very little domestic production of S&CR fertilizers and high quality NPK fertilizers. Imported S&CR fertilizers are too expensive to penetrate the China market to any significant extent. The government of China and the agricultural industry has increasingly stressed the importance of S&CR fertilizers as a key component for improving crop yields, farm incomes, water pollution and raw material efficiency.