Presses

 

Limin Group planning fundraising for emamectin benzoate, fosetyl-aluminium projects

On 25th February, 2021, the Limin Group Co., Ltd. made several announcements related to fundraising to support an annual 12,000-ton fosetyl-aluminium technical upgrading project, a 10,000-ton water-based environmentally friendly formulation manufacturing project, a newbuild 500-ton emamectin benzoate facility, and an energy conservation project, as well as for attaining working capital input. The details of these...
Read More
 

Nutrichem’s Annual Report in 2020

Nutrichem issued 2020 Preliminary Earnings Estimate on the evening of Feb. 26th. During the reporting period, Nutrichem realized operating income of RMB 6.292 billion (USD972 million), a YoY growth of 18.81%, and net attributable profit belonged to parent company of RMB 332 million(USD 51.3 million), a YoY growth of 17.70%, and the net profit attributable...
Read More
 

Online ACE Show in 2021

CCPIA presented ACE ONLINE TRADE SHOW on the purpose of promoting the information exchanges and business cooperation between enterprises in agrochemical industry. The ACE ONLINE TRADE SHOW has settled in around 500 suppliers with more than 5,000 products, covering pesticides, fertilizers, additives, intermediates, equipments, packaging, etc., building a long-term cooperation bridge between suppliers and buyers....
Read More
 

Red Sun’s subsidiary planning bipyridine and diquat project

In January 2021, China’s agrochemical company Anhui Red Sun Biochemistry Co., Ltd publicized the for-comment environmental impact assessment report pertaining to the annual 5,000-ton bipyridine and 10,000-ton diquat project. Diquat is a low-toxic, high-efficient and environment-friendly non-selective herbicide of contact toxicity, which is quite a reputational and influential product on the market. Backed up by...
Read More
 

Guoguang Stock’s Operating Income Rose by 14.37% YOY

Recently, Guoguang Stock released its preliminary earnings estimate, in 2020, the company’s operating income is RMB1.16 billion (USD 179 million), a YoY growth of 14.37%. Net profit is RMB169 million, a YoY decrease of 15.84%.
Read More
 

China’s Pesticide Exports Volume Increased Slightly in Dec.2020

In December 2020,China’s pesticide exports volumes were also increased slightly compared with the previous year, while the value decreased. The export volumes were 175,200 tons, an increase of 5.65% YOY. The export value was USD 871 million, a decrease of 2.36% YOY.
Read More
 

Wynca to Invest RMB 178 million to Acquired over 53.17% of Hefei Xingyu

On 3, Feb. 2021, China’s leading glyphosate and organosilicon manufacturer Wynca announced that it invested Yuan 178 million to acquire over 53.17% of stakes in Hefei Xingyu Chemical Co., Ltd., Hefei Xingyu Chemical Co., Ltd. was founded in 2004 and is located in the science and technology city-Hefei, Anhui Province. Hefei Xingyu is a national...
Read More
 

China approves import of two GM corn varieties from Bayer and Syngenta

China’s Ministry of Agriculture and Rural Affairs has approved two genetically modified (GM) corn varieties from Bayer AG and Syngenta AG for importation. The two varieties, herbicide tolerant and insect resistant MON87411 and MZIR098 are approved for imports for five years starting December 2020, according to a list published on the Ministry website. The approvals...
Read More
 

Wynca to acquire over 51% of Hefei Xingyu

On 11th January, China’s leading glyphosate and organosilicon manufacture Wynca announced that it is planning to invest capital of up to Yuan210 million to acquire over 51% of stakes in Hefei Xingyu Chemical Co., Ltd., therefore, taking over part of the equity of the original shareholder for contribution as a capital increase. Hefei Xingyu is...
Read More
 

Chinese Pesticide Output Declined in 2020

According to the latest data from the National Bureau of Statistics of China, the total output of China ‘s pesticides in 2020 reached 2.148 million tons, which was attributed to the fourth quarter, down 4.7% compared with the previous year. In 2019, the output of chemical technical pesticides in China was 2.254 million tons. It...
Read More