This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Origin Agritech Inaugurates Xinjiang Corn Seed Processing Center

BEIJING, Sept. 12, 2012 /PRNewswire/ -- Origin Agritech Limited (NASDAQ: SEED) ("Origin" or the "Company"), a technology-focused supplier of hybrid and genetically modified crop seeds in China, today announced that Xinjiang Origin, a subsidiary of Origin Agritech, held an opening ceremony for its regional facility at Bole, Xinjiang on September 9, 2012.

Dr. Gengchen Han, Chairman and Chief Executive Officer and Dr. James Chen, Chief Financial Officer of Origin hosted the ribbon-cutting ceremony. Senior officials from the Ministry of Agriculture as well as the Fifth Agricultural Construction Division of Xinjiang Production and Construction Corps attended the event as honorary guests.

Established in June, 2011, Xinjiang Origin is a joint venture seed company between Origin and Xinjiang Jinbo Seed ("Jinbo"). Jinbo is a prominent local seed company affiliated with the Fifth Agricultural Construction Division of the Xinjiang Production and Construction Corps. Origin holds a 51% ownership stake of the RMB100 million registered capital investment and retains the exclusive joint venture partnership with Jinbo in Xinjiang.

With a total investment of RMB170 million, the state-of-the-art facility will mainly produce, process, package, and sell high-quality hybrid corn seeds to the domestic Chinese market. The joint venture will increase the Company's total seed processing capacity and expand marketing channels to distribute Origin's hybrid products to the northwest region in China. The Xinjiang Origin's facility, along with the seed production land of the Fifth Agricultural Construction Division, deploys modern technologies and full mechanization throughout the entire production process from land preparation and seeding to product packaging. The processing facility employs advanced corn husker system, which is one of the largest corn huskers in the world. The production base uses modern drip irrigation systems and advanced farming equipment for corn seed production. 

Dr. Gengchen Han, Chairman and CEO of Origin, commented, "Xinjiang Origin not only addresses the increasing demand for our superior hybrid seed products, but diversifies our cost structure and production base, and expands our sales channels into a new market. With our new management team, leaner corporate structure and the new facility, we are now poised for the next stage of growth." 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs