China’s Luxi Chemical receives $3m government fertilizer subsidy

07 December 2012 11:15  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Luxi Chemical Group said on Friday it has received yuan (CNY) 18.48m ($3m) in government subsidy for its off-season commercial reserve of fertilizer.

“This is the interest subsidy funds which can help us to save money [to produce] more [for] commercial reserve,” said a company source.

($1 = CNY 6.23)

By: Dolly Wu
+65 6780 4359

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