JW Biotech Accelerates China Green Bio Business Development

GW Biotech announced on the 26th that it is entering the business of establishing a sales network in China for eco-friendly plant growth promoters (side-dressing liquid fertilizers).

This business is being promoted jointly with SBL Bio. Since 2018, SBL Bio has pioneered sales channels in eight countries including the United States, Australia, and Spain with its self-developed eco-friendly fertilizer OmegaFresh. While additionally pursuing entry into the Chinese market, it decided to strategically cooperate with GW Biotech, which has already succeeded in entering the Chinese green bio business, to build a local sales network in the future.

The eco-friendly plant growth promoter used for this entry into the Chinese market is a product made from phospholipids as raw materials, improving quality aspects such as enhanced coloration of crops, increased sugar content, fruit enlargement, and improved storability. This promoter has proven its efficacy and safety through successful pilot projects targeting various countries including Korea, considering different environments, climates, and crops.

SBL Bio is a company focused on developing functional material technology using high-purity lipid materials. Its main businesses include the production of eco-friendly fertilizers, feed additives, and raw materials for health functional foods.

Daebong Ahn, Executive Director of GW Biotech, said, “Leading with the Chinese market, this will be an opportunity to enter larger markets such as Asia. Given the high potential for local commercialization of high-quality eco-friendly fertilizers, we will accelerate efforts to quickly capture market share.”

Meanwhile, GW Biotech previously attended the Korea-China Agricultural Technology Pilot Project launch ceremony in Suqian City, known as an agricultural hub in China, last June. After the launch ceremony, it received support from the Suqian City Agriculture and Rural Affairs Bureau for a 600-pyeong greenhouse facility at the China Vegetable Quality Standard Center and conducted the first pilot cultivation project. In this pilot cultivation project, five varieties including cucumber, watermelon, chili pepper, oriental melon, and chive showed high growth rates and fruit set rates, yielding successful results.

Currently, the second pilot cultivation project is underway in a 670,000-pyeong cultivation complex, and once results become visible, plans are in place to promote product production and distribution through the establishment of a Korea-China joint venture factory.

This content was produced with the assistance of AI translation services.