Stevia Nutra Corp., an Agro-Management company focused on stevia agronomics, is pleased to announce that it has incorporated Health Power Trading Company Ltd., a wholly owned BVI subsidiary company and Mighty Mekong Agro Industries Co. Ltd., a Cambodia-based wholly owned subsidiary.
This strategic move by Stevia Nutra will allow the Company to capitalize on significant labour and technical advantages as well as provide access to prime fertile lands in pursuing stevia agriculture, cultivation and processing in Cambodia and potentially elsewhere in the Mekong River Sub-Region, an area which is ideal for the growth of stevia plants.
With access to clean water and transport routes, this innovative plantation model will allow the Company to reduce labour costs and consistently deliver high-quality Stevia leaf from a single site. This is in stark contrast to traditional growers and contract farmers that most of the sector currently employs. In addition, due to favourable climatic conditions, the company expects to enjoy multiple harvests per year, which will significantly increase the annual yields of stevia leaf per hectare.
“With soaring demand for stevia and stevia products globally, the addition of these companies will be significant to our operations in Cambodia,” said President, Brian Dicks. “We will be in a position to capitalise on the optimal growing and production conditions the country has to offer, resulting in superior quality and increased yields."
Mr. Dicks goes on to state, “It is because of Cambodia’s long growing season, climate, eager agro-labour market and strong support from the Cambodian Government at all levels for new agro investments that we made our decision to designate Cambodia the Company’s technical and cultivation hub. All of these factors taken together will give us a solid competitive advantage in the stevia sector and ultimately enhance shareholder value.”