BEIJING, Aug. 10 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (OTC Bulletin Board: YGII; "Yongye" or the "Company"), a leading developer and distributor of Shengmingsu branded plant and animal nutrient products located in the People's Republic of China, today announced that the Company expanded its research and development center in Hohhot, Inner Mongolia, PR China with the construction of six greenhouses and an open testing field.
The Company's research and development center now comprises six modern greenhouses, an open testing field, and research laboratories. The greenhouses and open testing field cover 6,000 square meters and 27,350 square meters respectively. Yongye will utilize the greenhouses and testing field to directly test and measure the impact of new products and formulations on a wide variety of crops.
"We are delighted to expand our research and development center as part of our strategic development plans for 2009," stated Mr. Zishen Wu, Chairman and Chief Executive Officer of Yongye International. "We have partnered with local universities and agricultural research institutes, including Inner Mongolia University, Chinese Academy of Sciences, Beijing University of Agriculture, and Inner Mongolia Academy of Agricultural Sciences, to assist us in our development initiatives. The greenhouses and open testing field will significantly increase our development of nutrient products for various crops and therefore will fuel product extensions and market expansion over the long- term. As a result, we believe our research and development expenses for 2009 signify solid investments in Yongye's future."
About Yongye International, Inc.
Yongye International, Inc., headquartered in Beijing, is engaged in the
development, manufacturing, distribution and sales of fulvic acid based
nutrients for plants and animals. The Company's patented and patent pending
|SOURCE Yongye International, Inc.|
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