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Hanfeng Evergreen Inc. is a leading provider of value-added fertilizers for China's urban greening and large agricultural markets. Headquartered in Toronto, Canada, Hanfeng has production facilities in China. While China is the world's largest consumer and producer of conventional fertilizers, its value-added fertilizer industry is still at an early stage of development. Value-added fertilizers have properties which improve fertilization effectiveness and efficiency, while reducing environmental damage compared with conventional fertilizers. China's domestic fertilizer industry is fragmented with numerous small regional producers, many operating out-dated and inefficient equipment. There is limited domestic production of slow-release fertilizers and high quality NPK fertilizers. Imported value-added fertilizers are too expensive to penetrate the China market to any significant extent. The demand and need for value-added fertilizers in China is growing due to the modernization of the agricultural industry and growing environmental concerns. Hanfeng is a first-mover in addressing this demand with domestic production, which allows for cost savings over imported products. Our investments in technology and production capacity have positioned Hanfeng to be a leader in the value-added fertilizer industry and have garnered industry and government support in China. Our commitment to innovation, quality and customer service has enabled Hanfeng to build a valuable brand name and reputation. With hundreds of experienced and dedicated employees in China and a strong board of directors and management team in Canada, we believe that Hanfeng's key competitive advantage is our human resources. Our name "Hanfeng" is an homage to our roots and our future: "Han" meaning of ancient Chinese heritage, and "Feng" meaning maple, an internationally recognized icon of Canada. Hanfeng symbolizes our unique combination of Canadian capital and technology, with local market knowledge and operating experience, to realize the rapid growth opportunities in China.
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Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger, we pursue a strategy of sustainable value growth, promoting climate-friendly and high-yielding crop nutrition solutions for the world`s farming community and food industry. Yara`s ambition is to be the Crop Nutrition Company for the Future. We are committed to creating value for our customers, shareholders and society at large, as we work to develop a more sustainable food value chain. To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming, and work closely with partners throughout the food value chain to improve the efficiency and sustainability of agriculture and food production. Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry`s only global crop nutrition company. With our integrated business model and a worldwide presence of around 16,000 employees and operations in over 60 countries, we offer a proven track record of responsible and reliable returns. In 2019, Yara reported revenues of USD 12.9 billion.