EcoBio Signs Agreement to Export Bio-Sulfur to Vietnam

EcoBio Holdings (CEO Song Hyo-sun), which pursues ESG management, announced on the 16th that it has signed an agreement to establish a joint venture (JV) with Ha Long Agrochem Corporation in Vietnam.

Through the JV, EcoBio plans to exclusively supply the organic agricultural sterilizer product "Dasak," made from Bio-Sulfa, a product currently produced and registered as a domestic organic agricultural material, to Vietnam and to engage in online distribution.

Ha Long Agrochem Corp, established in 2008 in Ho Chi Minh City, Vietnam, currently owns 11 subsidiaries and is a mid-sized Vietnamese agricultural and chemical company manufacturing and selling organic fertilizers, pesticides, household medical supplies, and preventive medicines for malaria, dengue fever, and other diseases.

Bio-Sulfa is an eco-friendly product produced using sulfur-oxidizing bacteria that metabolize hydrogen sulfide contained in biogas. This product has four characteristics: hydrophilicity, neutrality, fine particles, and biological nature. It enhances plant immunity and can replace conventional pesticides and fertilizers. EcoBio Holdings is actively promoting not only domestic sales but also overseas exports of this product.

For the export of Bio-Sulfa, EcoBio Holdings has obtained approval and registration as an organic fertilizer in Brazil, Ukraine, and Vietnam, and is pursuing registration in Germany, T?rkiye, and other countries. By signing the exclusive supply and JV establishment agreement with Vietnam's Ha Long Agrochem, the company plans to actively expand exports.

Song Hyo-sun, Chairman of EcoBio Holdings, stated, "Through this agreement and JV establishment, we will secure a base in Vietnam and actively expand into the rapidly growing agricultural markets in Southeast Asia, including Thailand and Indonesia, as well as Vietnam."