KWBT stock is attracting buyer interest after the company announced on December 3, 2019, that it expanded its fertilizer production capacity.
Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) , an emerging agricultural company that develops, manufactures and markets bio-fertilizers for use in the multi-billion China agriculture and aquaculture markets and the developer of smart soil remediation technology for use in agriculture markets worldwide, is pleased to announce that the Company is increasing their annual manufacturing capacity for their patented fertilizer products.
In order to meet the expanding market demand for Kiwa fertilizer products, a new production line should increase annual production capacity by 20%.
“We expect our production capacity to now reach 300,000 tons per year. This increase of production capacity will provide strong support for the Company to expand its brand in the China market and help increase future sales.” stated CEO Ms. Wang.
The newly added production line at the Company’s OEM manufactory Shandong Ronghua Biotechnology Co. Ltd is mainly column granulation drum equipment, which is used for the production of various special fertilizer products of Kiwa’s compound microbial fertilizer. The newly added production line can reach 150 tons per day for Kiwa’s special fertilizer for fruit, vegetable, Chinese herbal medicine and tea.
In order to meet China’s growing market demand for biological fertilizer of $16 billion USD in the next five years, the Company’s core microbial strain fermentation base will produce core microbial agents with a designed capacity of about 60,000 tons per year and 1.1 million tons of terminal microbial fertilizer.
The Company’s Yangling biological fermentation core fermentation base is under construction and is expected to be fully operational by the end of 2020.
On November 15, 2019, Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT), an emerging agricultural company that develops, manufactures and markets bio-fertilizers for use in the multi-billion China agriculture and aquaculture markets and the developer of smart soil remediation technology for use in agriculture markets worldwide, is pleased to announce that the Company has reported positive financial results for the third quarter ending September 30.
Third Quarter 2019 Results:
- Revenue of $10,986,295 increased 42% compared to the same period in 2018.
- Operating Income of $1,852,756 increased 53% compared to $1,211,107 in the same period in 2018.
- During the 26th China Yangling Agricultural Hi-Tech Fair, Kiwa is presenting the theme of how “Trinity” new agricultural industry chain’s influence on “new rural areas, new farmers and new agriculture”. It focuses on the core contents of the “Trinity Model”, which is to realize the new rural construction with scientific planting, training the farmers with standardized management and promoting the development of new agriculture with industrialized operations.
- Yvonne Wang, Chief Executive Officer (CEO) of Kiwa Bio-Tech, stated, “while the sales performance of the Company continued to improve in the third quarter, it also successfully completed the implementation of market expansion in Shaanxi Province of China by adopting the new “Trinity Model”.
By using Kiwa’s biotechnology and fertilizer products in the kiwifruit planting market in Zhouzhi, the fruit farmers reduced the input cost of using fertilizer tremendously, controlled the input and use of chemical products, and cultivated kiwi has raised in current market prices. All of this has created a great foundation for Kiwa Bio-Tech to continue to develop the fertilizer market in Zhouzhi as well as Shaanxi Province in the future.