Stamping footprint overseas

Phosphorus giant Wengfu expands by exploiting business presented by the Belt and Road Initiative

Guizhou-based Wengfu (Group) Co Ltd, a State-owned enterprise dealing in phosphorus and chemicals, is pressing ahead with its expansion in the Middle East, in its bid to utilize opportunities presented by China's Belt and Road Initiative.

The company was founded in the 1990s, and has since mastered phosphorus mining technology, which helps it in extracting 95 percent of phosphorus out of phosphate ore after removing impurities.