Limin Co., Ltd.: Signs a long-term agricultural chemical supply contract with Bayer for up to 6 years, with a total amount of approximately 1.6 billion yuan

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Everyday Economic News AI Express, Limin Co., Ltd. announced on February 27 that on February 26, the company signed a long-term supply contract for agricultural chemicals with BAYER S.A. (referred to as “Bayer”). The contract duration is three years, and if neither party objects, it will automatically renew for another three years after expiration. Either party can give at least 180 days’ written notice before the current term ends if they do not wish to renew, without incurring any penalty or other liabilities. Based on estimated annual purchase volumes, the contract amount for the first three years is 800 million yuan, and the total amount for six years is approximately 1.6 billion yuan, subject to the actual order amounts.

Daily Economic News

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