Changqing Agrochemical has built a 500t/a fenoxanil technical production line with the total investment of about USD4.95 million, and it is expected to start operation in the first half year of 2012. In line with the sales plan of Changqing Agrochemical, most of its fenoxanil technical is used to process fenoxanil 20% SC, which is mainly for domestic market, and the rest is exported to overseas market.
In addition, Changqing Agrochemical has also been committed to developing triazole fungicides and strobilurin fungicides, such as epoxiconazole, difenoconazole and trifloxystrobin, three popular fungicides in domestic and overseas market. It is estimated that the sales volume of Changqing Agrochemical's fungicides will rise to some extent in 2012 with the launch of new products to the market. Hopefully, with bright market prospect, these fungicides will become the company's new profit growth point in the near future.
China's demand for bio-fungicides for paint use will increase at CAGR of 9% during 2009-2013, with its current consumption accounting for 35% of Asia's total, reaching 3,175 tonnes in 2008, according to Kusumgar, Nerlfi & Growney, a consulting firm.
Pesticide in this report refers to a substance or a mixture of substances used to kill pests, diseases and unwanted plants, including various chemical substances used in agricultural industry, with the forms of technical or formulation. In terms of end-use segment, the major pesticide products mainly include: herbicides, insecticides, fungicides and others, such as rodenticides, anti-sprouting products, plant growth regulators and similar products.
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