Sinochem Fertilizer to build logistics center at Yantai

Sinochem Fertilizer, together with the port authority, will build a fertilizer logistics center in the North of China Yantai Port providing one-stop services including export, import, entrepot, distribution, transit transport and clearing.

According to the contract, Sinochem Fertilizer will hold 51% of the equity interest.

Sinochem Fertilizer will bring into the partnership its experience in distribution network operation and export and import of bulk cargo; whereas Yantai Port will bring in its advantages in logistics operations and locality.

The two parties aim to further develop the strategic partnership through Sinochem Fertilizer’s strategic integration of the upstream and downstream sectors.

So far, Yantai Port has developed direct shipping links with over 100 ports in more than 70 countries.

In 2006, Yantai Port handled over 100 million tons of bulk cargo and 1.152 million containers, ranking it one of twelve national hundred-million-ton ports with its container handling power ranking it one of the nation’s top ten.