On November 26th, Sinochem Fertilizer Company Ltd signed the 2008-2010 Purchase Framework Agreement with Salt Lake Potash. According to the agreement, Salt Lake Potash will supply for Sinochem Fertilizer with its principally operated chemical and fertilizer products, including various grades of the potassium chloride products.     

The framework agreement will be conducive to the implementation of Sinochem Fertilizer’s product strategy, enhancing the company’s leadership in the potash market and strengthening the capability of its distribution network. Meanwhile, the agreement is also in the interests of Salt Lake Potash in terms of better arrangement of the product sales plans and more profits.