Agria Corp (GRO), PGG Wrightson Enter Ag Showcase Development Agreement

December 3, 2012 6:00 AM EST Send to a Friend
Agria Corporation (NYSE: GRO) and PGG Wrightson announced that they have signed a memorandum of understanding with China's Administrative Authority for Yangling Agricultural High-Tech Industries Demonstration Zone. The Companies will develop a high-profile agriculture showcase under the name, The China Yangling - New Zealand Agriculture 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.


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