RICHMOND, Va. (AP) — Richmond-based Agrivita Biogroup Inc. has secured a trade agreement to export animal feed additives to China.
Gov. Terry McAuliffe announced the deal on Tuesday in a news release. McAuliffe is visiting China, Hong Kong, Japan and South Korea during his second international trade trip.
McAuliffe says Agrivita began exploring sales opportunities to China over the last year, with help from the Virginia Department of Agriculture and Consumer Services. The company registered its product in China in 2013 and shipped samples for feeding trials throughout the country earlier this year.
Agrivita President Arunas Vanagas says in the release that the company expects sales to increase from $400,000 this year to more than $1.5 million in 2015.
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