Against the backdrop of deep adjustments in the global fertilizer industry and sustained pressure on profit margins of traditional products, Wengfu Chemical, a subsidiary of Guizhou Phosphate Chemical Group, has keenly grasped market trends, driven development through innovation, and successfully independently developed and mass-produced a new type of binary compound fertilizer. Since the R&D of this product was launched in February this year, it has rapidly opened up the international market with its precise market positioning and strong technical strength, becoming a new engine for the company to expand its global footprint and achieve high-value utilization of phosphorus resources.

Binary compound fertilizer

Facing fierce market competition, Wengfu Chemical relied on the strong resource and technical synergy advantages of Guizhou Phosphate Chemical Group to quickly establish a special R&D team at the beginning of this year. The team targeted market demand gaps, focused on product performance and cost optimization, overcome a series of technical bottlenecks one by one during R&D, and successfully developed a binary compound fertilizer with stable quality and compliance with standards through repeated trials and process optimization.

With its outstanding cost-performance ratio and targeted nutrient design, the new binary compound fertilizer has quickly won the favor of overseas customers.Up to now, Wengfu Chemical has completed the production of 28,000 tons of the product, which have been exported to countries such as Japan, Brazil, Chile, and Vietnam. The stable supply capacity and reliable product quality have helped the company gain valuable international market share and customer reputation, significantly enhancing the influence of the Phosphate Chemical brand in the global fertilizer market.

At present, this binary compound fertilizer shows strong market growth potential and will become an important profit growth point for the company in the future.In the next step, Wengfu Chemical will keep up with market demand, deeply develop differentiated binary compound fertilizer series products, serve international customers with more flexible and precise solutions, and continue to consolidate and expand its competitive advantages.

Guizhou Phosphate Chemical Group has always regarded scientific and technological innovation as the primary driving force for leading development. The successful R&D and marketization of the binary compound fertilizer by Wengfu Chemical is a vivid practice of the Group deepening its "Fine Exploitation of Rich Ores" strategy and promoting the upgrading of phosphorus resource product structure towards high-tech content and high added value. In the future, the Group will continue to increase R&D investment and serve global agriculture with more diversified and greener phosphorus chemical products.