BEIJING, Oct. 25, 2011 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (YONG.NSDQ), a leading developer, manufacturer, and distributor of crop nutrient products in the People's Republic of China ("PRC"), today announced that Yongye Nongfeng, the Company's main operating entity in China, received the "Inner Mongolia Science and Technology Achievement Award" for the 2010 year from the Science and Technology Administration of the Inner Mongolian government. The award recognizes Yongye's contribution to humic and fulvic acid extraction technology and its commercial application in green agriculture in China.
The award is issued annually by the government of Inner Mongolia Autonomous Region and recognizes Chinese enterprises that have made significant research and technological achievements within their respective fields. The award also considers the practical applications of business' research in society. Yongye was selected for the humic and fulvic acid extraction and processing techniques used to produce its "Shengmingsu" product, and for the agricultural application and the economic and social benefits it has created for the community.
The award evaluation committee consists of industry and research experts, who conducted three rounds of reviews and inspections of the candidate projects, before selecting Yongye as the recipient of one of the six top winners of this award. The full award results are listed on the Inner Mongolian government's website at http://www.nmkjt.gov.cn/kjtnews/nmkjtlist.asp?tbid=9733.
Mr. Zishen Wu, Chairman and Chief Executive Officer of Yongye stated, "We are delighted to receive this prestigious award from the Inner Mongolian government. This achievement highlights our industry leading research and production processes, and utility of our "Shengmingsu" product in the agricultural industry in China. We look forward to continuing to provide a quality product to the market and to generate long-term value for the business."
About Yongye International
Yongye International is a leading crop nutrient company headquartered in Beijing, with its production facilities located in Hohhot, Inner Mongolia, China. Yongye's principal product is a liquid crop nutrient which accounted for 99.3% of total sales for the first half of 2011. The Company also produces powder animal nutrient product which is mainly used for dairy cows. Both products are sold under the trade name "Shengmingsu," which means "life essential" in Chinese. The Company's patented formula utilizes fulvic acid as the primary compound base and is combined with various micro and macro nutrients that are essential for the health of the crops. The Company sells its products primarily to provincial level distributors, who sell to the end-users either directly or indirectly through county-level and village-level distributors. For more information, please visit the Company's website at www.yongyeintl.com.