Stevia Corp has entered into both supply and cooperative agreements with Guangzhou Health China Technology Development Company, operating under the trade name Tech-New Bio-Technology.
Tech-New Bio-Technology is a developer and manufacturer of biotechnology products which offers a series of specialised ecological fertilisers, microbiological preparations and management systems for the agriculture and aquaculture industry including technologies for the extraction and refinement of high purity stevia.
Under the terms of the supply agreement, Stevia Corp will sell dry stevia plant product exclusively to TechNew including all leaf and stem.
Under the terms of the cooperative agreement with TechNew, the companies will explore potential technology partnerships with the intent to formalise a joint venture to pursue promising technologies and businesses. These include the inclusion of stevia extracts in its current product formulations for use in agriculture and aquaculture applications including fertilisers and feed.
TechNew is a foreign-invested limited liability company incorporated in China in 2008 and currently more than 200 aquaculture farms use TechNew’s products in six notable aquaculture regions. The TechNew brand includes ecological fertilisers that address soil acidification, compaction and fertility decline caused by chemical fertiliser overuse.
Source: Stevia Corp
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