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World News and Views :: Projects

Hanfeng Evergreen Forms JV to Build Fertilizer Complex

12:37 PM MDT | May 1, 2009

Hanfeng Evergreen (Toronto) says it has completed a previously announced agreement for a joint venture with PT Matahari Kahuripan Indonesia (Makin Group; Jakarta) and PT Sumber Agrindo Sejahtera (Sejahtera Group; Jakarta) to build and operate a production facility for slow and controlled release fertilizers at Surabaya, Indonesia. Hanfeng will have 34% of the jv, and Makin Group and Sejahtera Group will have 30% and 36%, respectively. The first phase of the project will involve construction of a plant with capacity for 100,000 m.t./year of slow-release NPK...

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