Chinese company Xinyangfeng Fertiliser Company buys NSW Riverina farming operation

 

A LARGE Chinese fertiliser company has purchased a 2300 hectare mixed farming operation in the NSW Riverina.

Xinyangfeng Fertiliser Company, one of the top three producers and exporters of fertiliser in China with a market capitalisation of $3.35 billion, now own “Kendorwal” at Bunnaloo, about 45 kilometres south west of Deniliquin, NSW.

Melbourne agribusiness real estate marketing and management consultancy Hellyer Consulting negotiated the deal.

The Kendorwal property will continue to run as a mixed farming enterprise under Australian management and supervision, according to a statement from Hellyer Consulting.

“Kendorwal is the first of several planned investments for the Hubei based fertiliser manufacturer with the companies Director and General Manager, Mr Yang Huafeng, returning to Australia later this month to inspect more holdings in northern New South Wales and southern Queensland” the statement said.

“Xinyangfeng Fertilizer Company Limited is a large-scale Chinese listed public company which specialises in product research and development of concentrated phosphate and NPK fertilisers. Xinyangfeng is one of China’s leading producers and exporters of fertiliser and is set to establish a distribution network throughout Australia.”

“Xinyangfeng’s Kendorwal purchase is their first in Australia and through this exercise we think they’ve now got the template and people in place to help them establish a solid Australian base”.

Mr Hellyer was involved in a deal in Branxholme, near Hamilton where a Chinese company Tianjin Bright & MengDe Dairy bought a property in June for $2.5 million to rear dairy heifers for export.

 

 http://www.weeklytimesnow.com.au/agribusiness/chinese-company-xinyangfeng-fertiliser-company-buys-nsw-riverina-farming-operation/news-story/81c25fdfb271901bd6070689332d9bd6#load-story-comments

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