CHINA XLX FERTILISER LTD. 
By Press Release
(For immediate release)
Henan XLX received government's approval to set up post-doctoral research station Drawing doctoral degrees holders to enhance R&D capability
(27 September 2013, Hong Kong) China XLX Fertiliser Ltd. ("China XLX Fertiliser" or the "Company", together with its subsidiaries known as the "Group") (HKSE: 01866.HK; SGX: B9R.SI) is pleased to announce that its wholly owned subsidiary Henan Xinlianxin Fertiliser Co., Ltd ("Henan XLX") has received the approval from the Ministry of Human Resources and Social Security and the National Administrative Committee of Post-Doctoral Researchers to set up a post-doctoral research station. This marks a great stride for the Group's enhancement of its "production, learning and research".
Only domestic enterprises which fulfill a number of critical criteria, including the possession of certain operating scale, dedicated R&D institutes, professional research teams, post-doctoral research projects with innovative concepts and technologies, are allowed to set up post-doctoral research stations. Fifty five enterprises in Henan Province were shortlisted, but only 19 got the government's approval to set up post-doctoral research stations. And Henan XLX is the only coal chemical enterprise in the list, reflecting the wide recognition of its R&D capability in the market. In fact, Henan XLX was named China's Most Energy Efficient Producer (Synthetic Ammonia) for two years in a row, showcasing its market leadership in research capability as well as energy and operating efficiency.
Mr. Liu Xingxu, Chairman and CEO of the Group, commented, "We feel very honoured to receive the government's approval to set up the post-doctoral research station. It demonstrates that our R&D capability is among the best in the coal chemical industry. Going forward, we will make use of the station as a platform to recruit professionals with doctoral degrees to enhance he Group's overall R&D capability, thereby putting us in a better position to undertake the government's major projects and to help solving the bottlenecks facing the industry. Aiming to become a pioneer of high-efficient fertilisers in China with wide recognition, we will take a lead to drive the development of fertiliser industry. The Group will continue to reinforce its operations and management and strengthen our technological and cost leadership, hence putting us in a better position to capture opportunities in the market and to grow stronger and bigger."
~ End ~
About China XLX Fertiliser Ltd.
China XLX Fertiliser Ltd., one of the largest and most cost efficient coal-based urea producers in China, is mainly engaged in the production and sale of urea,
1
compound fertiliser and methanol. Its current production capacity of urea, compound fertiliser and methanol is 1.25 million tonnes, 750,000 tonnes and
200,000 tonnes, respectively. The Group is developing its fourth urea plant in Xinxiang City, Henan Province. Upon its completion in the second half of 2013, the Group's annual production capacity of urea will increase to over two million tonnes. Meanwhile, it forged a strategic partnership with Primavera Capital, an internationally renowned private equity fund, at the end of 2011. The Group will lever its extensive experience and resources network in the capital market to drive continuous business growth. The Company's shares are dually traded on the main boards of the Stock Exchange of Hong Kong Limited (stock code:
01866.HK) and the Singapore Stock Exchange (stock code: B9R.SI).
China XLX Fertiliser Ltd. Stephan Yao
Tel: 852-2855 6920
Email: stephan.yao@chinaxlx.com.hk
PRChina Limited
David Shiu / Henry Chik / Camille Xiong
Tel: 852-2522 1838 / 852-2522 1368
Email: dshiu@prchina.com.hk hchik@prchina.com.hk cxiong@prchina.com.hk
2
|
distributed by
|
