History
Migao is pursing an aggressive growth strategy to quickly establish itself as the leading provider of specialty potash fertilizers in China. Since 2003, Migao has established four operating locations in China, with new facilities being constructed in Shanghai, Tianjin and Zunyi.
Migao produces two specialty potash-based fertilizers – potassium nitrate and potassium sulphate for the Chinese high-value agricultural market. These two products comprise 85% of the Company’s revenue. The balance of revenue comes from the sale of fertilizer manufacturing by-products – ammonium chloride, a nitrogen-bearing fertilizer, and hydrochloric acid, a chemical with substantial industrial demand.
China is the world’s largest consumer of fertilizers and as economic conditions continue to improve, its population consumes more with a diet diverse in fruits, vegetables and meat. To increase both quality and yield of high value crops such as fruits, vegetables, cotton, and tobacco, farmers require increasing amounts of specialty fertilizers. Migao has developed an excellent reputation as a reliable supplier of high quality potassium nitrate and potassium sulphate, which fits the needs of some of China’s largest agricultural entities.