Key Takeaways
- Logitec Plus B.V. and NSTG Agri-Tech Group launched a joint venture named ‘VinceMark’ to enhance greenhouse solutions in China and Asia.
- VinceMark will reduce delivery times to weeks and decrease product prices by 30%-40% through localized production.
- The partnership focuses on developing advanced agricultural automation equipment while aligning with global standards.
Joint Venture Enhances Agricultural Automation
Dutch company Logitec Plus B.V. and Chinese agricultural technology firm NSTG Agri-Tech Group have officially launched a joint venture called ‘VinceMark’. This initiative aims to cut supply chain costs and enhance efficiency by producing localized greenhouse technology in China, ultimately benefiting the Chinese and Asian markets.
Previously, NSTG Agri-Tech Group has been the agent for Logitec Plus B.V.’s Substrate Processing-Related Automation Equipment in China and has successfully carried out multiple benchmark projects. The establishment of VinceMark marks a significant upgrade from a mere agency relationship to a deeper technological partnership between the two companies. As part of this collaboration, Logitec Plus B.V. will share its core patented technologies with VinceMark, while NSTG Agri-Tech will contribute its local research and development expertise, along with market insights.
The creation of a production base in China will lead to drastically shortened delivery times—from months to just weeks—along with an approximate reduction in product prices of 30%-40%. This new production model is poised to advance the development of facility agriculture in China at scale. NSTG Agri-Tech Group already brings to the table several independent R&D achievements, including environmental control algorithms and integrated water-fertilizer systems.
Looking ahead, both companies plan to collaboratively develop Substrate Processing-Related Automation Equipment tailored to various production environments and global market needs. The first product from their joint efforts is the CM100-CN Cocopeat Decompressor. Despite the continuous growth of China’s greenhouse industry, high-end agricultural equipment has mostly been imported. The localized production model of VinceMark not only addresses domestic needs but also has the potential to serve the global market effectively.
By aligning Chinese facility agriculture with international standards, this joint venture aims to enhance competitiveness and innovation within the sector, marking a pivotal development in the region’s agricultural practices.
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