Cinis Fertilizer has signed a letter of intent with the Japanese ITOCHU Corporation with the goal of establishing operations in Asia. The companies intend to cooperate in order to enter into binding sales and delivery agreements and to study the conditions for producing environmentally friendly mineral fertilizers in Asia. Cinis Fertilizer has signed a letter of intent with the Japanese ITOCHU Corporation, a company active in a wide range of fertilizer products, raw materials and other related materials on a global scale, for a collaboration to expand the market for environ­mentally friendly mineral fertilizer.

ITOCHU has developed a supply value chain in agriculture, chemicals, batteries, pulp, energy, apparel, finance, and various other industries. The companies will cooperate on the sale of Cinis Fertilizer's products potassium sulphate and sodium chloride, as well as on the purchase of, among other things, potassium chloride and sodium sulphate, inputs used in Cinis Fertilizer's production. The letter of intent also includes seeking a location for a production facility in Asia.