China Sinochem Corporation announced strategic cooperation with China Grain Reserve Corporation
In mid-January 2017, Sinochem Corporation (hereinafter referred to as "Sinochem") announced that it had signed a strategic cooperation agreement with the China Grain Reserve Corporation (hereinafter referred to as the "Grain Reserve") in Beijing to establish a long-term stability strategy Partnership, policy-based purchasing and storage, rotation of grain reserves, modern agricultural services, and other aspects of extensive cooperation.
As a traditional energy and chemical enterprises, Sinochem Group under the leadership of NingGaoning strong agriculture.
Sinochem Group has always considered itself the sole operator of fertilizer, seeds, pesticides, agricultural inputs of the three central enterprises, and NingGaoning food grain carrier from the COFCO, COFCO has been done in the food downstream trade links wind and water.
Under the agreement, Sinochem Corporation will provide Sinopec Modern Agriculture Co., Ltd. with the services of order planting, full custody and technical custody for the grain storage policy reserve, reserve rotation grain, state-owned farm transformation and development, etc. Meanwhile, Facilities, grain and oil sales and personnel training in areas such as cooperation, together for the national food security and agricultural modernization to play a central role in coordinating the leadership of the central enterprises.
All along, the policy purchasing and storage, reserve rotation of grain are the profitability of major companies, "contested." If Sinochem can participate in the storage of grain storage business, will become the new Nuggets point of its business. It is understood that each year, in addition to the central grain storage company to take full advantage of direct storage of central grain reserves, but also commissioned a part of the local grain storage and social storage and storage of central grain reserves.
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