Chongqing Huapont acquires Hangzhou Qingfeng

On Sept. 6, 2012, Chongqing Huapont Pharmaceutical Co., Ltd. (Chongqing Huapont) acquired 58.26% shares of Hangzhou Qingfeng Agro-chemical Co., Ltd. (Hangzhou Qingfeng). Hangzhou Qingfeng is a company mainly engaged in amide herbicides. Through this acquisition, Chongqing Huapont can enhance its herbicide production strength with Hangzhou Qingfeng's resource production base, according to CCM’s October Issue of Herbicides China News.

In detail, Chongqing Huapont purchased 58.26% shares of Hangzhou Qingfeng, a subsidiary of Hangzhou Industrial Asset Management Investment Group Ltd. (Hangzhou Industrial) with about USD9.17 million (RMB 58.08 million).

 

At present, Chongqing Huapont has several main pesticide products—metamitron technical, oxyfluorfen technical, bifenthrin technical and picloram technical. After the acquisition, Chongqing Huapont can produce a series of amide herbicides including alachlor, acetochlor, pretilachlor, butachlor, metolachlor, propisochlor and also can produce prochloraz (a kind of fungicide), which are originally owned by Hangzhou Qingfeng.

 

It's predicted that after the acquisition of Hangzhou Qingfeng, Chongqing Huapont will integrate complementary resources of Hebei Wanquan Kaidi Chemical Imp. & Exp. Co., Ltd. (Wanquan Kaidi),  Nutrichem Company Limited (Nutrichem) and Hangzhou Qingfeng for sensible use of resources, which can reduce the cost of sales sharply. 

From 2011, Chongqing Huapont has aggressively developed pesticide business by way of acquiring pesticide companies. In detail, in July 2011, Chongqing Huapont acquired 100% shares of Nutrichem; in May 2012 , the company acquired 31.24% shares of Wanquan Kaidi whose main products are metamitron and clethodim; Also in this May, the company acquired 49% shares of Hebei Wanquan Hongyu Chemical Co., Ltd. (Wanquan Hongyu). (Herbicides News 1107: Huapont acquires Nutrichem; Herbicides News 1205: Huapont invests in Wanquan Hongyu and Wanquan Kaidi)

 

On Aug. 8, 2012, Chongqing Huapont issued its H1 2012 semi-annual report. It shows a good performance of Chongqing Huapont, especially in pesticide business. After Nutrichem was acquired by Chongqing Huapont, Chongqing Huapont has been congruously developing the businesses of pharmaceuticals and pesticides. And Nutrichem pushed Chongqing Huapont's business forward in H1 2012.

 

In H1 2012, the total revenue of Nutrichem was about USD220.7 million (RMB1.4 billion) with gross profit margin of 13.56%. As to the company's products, the revenue of metamitron technical and oxyfluorfen technical were about USD20.9 million (RMB132.3 million) and USD11.0 million (RMB69.7 million) with gross profit margin of 28.41% and 11.65% respectively. 

Now, Chongqing Huapont further develops its pesticide business by acquiring Hangzhou Qingfeng whose business is in deficit. In an estimate, one of the reasons why Hangzhou Industrial sold its shares in Hangzhou Qingfeng is that Hangzhou Qingfeng suffered a net profit loss of about USD8.12 million (RMB51.43 million) in 2011. As of March 31, 2012, the total assets of Hangzhou Qingfeng was about USD83.2 million (RMB554.5 million) and its net assets was about USD-21.3 million (RMB-134.9 million).

 

As indicated by Chongqing Huapont, the deficit of Hangzhou Qingfeng is mainly due to the unwise operation of its mother company, Hangzhou Industrial. After the acquisition, Chongqing Huapont will enhance the management ability of Hangzhou Qingfeng and Hangzhou Qingfeng will recover in 2013 in an estimate.

 

As expressed by Chongqing Huapont, in the acquisition, there are still some potential risks that the company should pay attention to. According to the acquisition proposal, new industrial park has higher requirements on environment protection, especially on waste gas. Therefore, it wasn't sure that Hangzhou Qingfeng could successfully relocate into new industrial park, as Chongqing Huapont estimated. Although Hangzhou Qingfeng has a good foundation, Chongqing Huapont needs to put more efforts to get rid of the malpractice in Hangzhou Qingfeng after the acquisition.

 

At present, Hangzhou Qingfeng's production base is in Hangzhou Xiaoshan Linjiang Industrial Zone, Zhejiang Province. After the acquisition, Hangzhou Qingfeng will be relocated, though the exact relocation place has not been settled, according to the proposal of Chongqing Huapont. 

At any rate, under the direction of Pesticide Industry Policy in China, Chinese pesticide market is experiencing an integration revolution. Accompanied with the current trend, acquisition in different industries will gain Chinese government's support and the acquisition of Chongqing Huapont makes the company an early bird to grasp expansion chance.

 

Besides, at the end of 2011, Chongqing Huapont purchased 7.5% shares of CCAB Agro S.A. (CCAB), a company who is mainly engaged in pesticide business in Brazil. By cooperating with CCAB, it's convenient for Chongqing Huapont to export pesticides to Brazil through setting up a sales channel and the company can further develop its pesticide export business. (Herbicides News 1202: Huapont plans to invest in Brazilian market) 

Source: Herbicides China News 1210

http://www.cnchemicals.com/Newsletter/NewsletterDetail_11.html

Content of Herbicides China News 1210:

Chongqing Huapont acquires Hangzhou Qingfeng

Jiangsu Tenglong manufactures glyphosate in Inner Mongolia

Jiangsu Agrochem Laboratory gains formal florasulam TC registration

CAC Nantong prepares 2,000t/a thiobencarb and 300t/a cyhalofop-butyl production lines

China sets anti-dumping investigation on pyridine import

Three coming off-patent herbicides in China  

Mild fluroxypyr market in China in H1 2012

Pendimethalin heats in China in Q3 2012

Anhui Meiland to supply clodinafop-propargyl EW 

Anhui Zhongshan's 1,000t/a metamitron project proceeds

PMIDA supply intense in Sept.

Clethodim grows quietly in China   

No flumioxazin supply in China

APVMA to finalize diuron review in Nov. 2012

Dicamba price floats upward in Oct. 2012

Chongqing Huapont Jiangsu Tenglong  Jiangsu Agrochem Laboratory CAC Nantong anti-dumping pyridine fluroxypyr Pendimethalin clodinafop-propargyl metamitron PMIDA Clethodim  flumioxazin diuron Dicamba

Herbicides China News, a monthly publication issued by CCM on 15^th of every month, provides you with the latest occurrences, exclusive analysis on the market trend as well as professional reviews on competitiveness of companies, products and relative industries in China’s herbicide industry.

About CCM

CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer.

For more information, please visit http://www.cnchemicals.com.

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New Regulations on Pesticide Management to be released before Dec. 2012

Although the accurate releasing date of the highlighted pesticide policy, namely Regulations on Pesticide Management (Regulation), is still not revealed by the Chinese government, Sui Pengfei, an official from the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA), disclosed during the 5th China High-Level Forum on Pesticides held on 25-26 Sept., 2012 that it will be finally carried out before Dec. 2012, according to CCM’s October issue of Crop Protection China News.

Different from the information disclosed by Mrs. Wu Zhifeng, Deputy Director of the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA), during the 3th Environmentally Friendly Pesticide Formulation Processing Technology and Production Equipment Exchange Meeting held on 24-25 April, 2012, Mr. Sui revealed six new modifications in the new Regulation compared with the former one.

1. The new Regulation encourages the innovation of pesticide enterprises, aiming to break the obstacles that restrict the development of pesticide production industry. It allows every enterprise to own the qualification to apply for registration of new pesticide, but not just those designated production enterprises.

2. It plans to draw lessons from the mode of Growth Enterprise Market in domestic stock market to stimulate the transaction of pesticide registration license. Before putting into production, the pesticide registration license can be transferred like stock until it is owned by a pesticide production enterprise.

3. Aiming to solve the problem of overcapacity and promote resource sharing, the new Regulation plans to comprehensively let go of the delegation processing of pesticides.

4. It allows pesticide enterprises which got registration license to transact registration materials to other pesticide enterprises in a bid to speed up the pace of those unqualified pesticide enterprises to voluntarily withdraw from domestic market.

5. Setting up license system of pesticide business, pesticide flow traceability system and pesticide recall system while cutting down the number of 350,000 pesticide stores in China.

6. Greater punishment is made in the new Regulation. Once production license is revoked, the supervisors and the directly responsible personnel of the company can not be engaged in pesticide production within ten years and the government will not accept new pesticide registration application from the involved enterprises within five years.

Actually, another large modification of the new Regulation, namely cancelling the temporary registration of pesticides, which has ever been revealed by Mrs. Wu was not mentioned by Mr. Sui in the six modifications. Even so it doesn't mean that this regulation will not be written into the new Regulation. But on the contrary, it is believed that it has already been written into the new Regulation because of the great ambition that the Ministry of Agriculture of China had to do so.

It is still too early to predict the impact that the new Regulation will bring along after its implementation, however, it is easy to observe from the information released from the official that the new Regulation has strictly stuck to the general direction of the integration and regulation of domestic pesticide industry in the policy carried out in 2010, namely Pesticide Industry Policy.

Source: Crop Protection China News 1219

http://www.cnchemicals.com/Newsletter/NewsletterDetail_16.html

Content of Crop Protection China News 1219：

New Regulations on Pesticide Management to be released before Dec. 2012

China to gain opportunities from off-patent pesticides greatly

Main pesticides' price trend in China, Jan.-Oct. 2012

China: MRLs standards to reach 7,000 items in 2015

Lier Chemical gains government grants

Jiangsu Changqing plans a 1,260t/a formulation construction now

Natural gas business leads deficit of Shandong Shengli in Q1-Q3 2012

Domestic azoxystrobin technical registration soars in 2012

China pesticide export and import run up in Jan.-Aug. 2012

Crop Protection China News, a monthly publication issued by CCM on 15^th&31^th of every month, offers timely update and close follow-up of China’s Crop Protection industry dynamics, analyzes market data and finds out factors influencing market development

About CCM

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More insecticides to be registered as OD formulation

The approval of DuPont's cyantraniliprole is one of the most hottest topics in domestic insecticide industry recently. Besides cyantraniliprole's innovative action mode and good control effect, its formulation type also draws much attention. DuPont's cyantraniliprole is formulated as oil dispersions (OD), which is very rare for insecticide products in domestic market at present, according to CCM’s October issue of Insecticides China News

Some pesticide dealers even reveal that they never heard of OD formulation before. Well, they are not to blame. After all, DuPont's cyantraniliprole OD formulation is only the second insecticide OD formulation in China. Before that, Jiangxi Tianren Ecology Co., Ltd. (Jiangxi Tianren) registered 30 billion spores/g of beauveria bassiana oil dispersion (OD) to control rice leaf folder in early 2012, which is the only registration of insecticide OD back then in China (Insecticide China News 1204, P14).

 

In fact, OD formulation is not a new formulation. China has over 190 registrations for OD formulation at present; thereinto, two for insecticides, one for plant growth regulator and the rest for herbicides such as nicosulfuron, atrazine, mesotrione, etc., according to the data from the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA).

 

However, this situation is expected to be changed in near future. "Besides herbicides, some companies are developing and registering insecticide OD products and fungicide OD products at present." Said Mr. Qin from Jiangsu Sinvochem S&D Co., Ltd. (Jiangsu Sinvochem), a chemical company dedicated to polymer surfactant development and application on eco-friendly pesticide formulations.

 

As disclosed by Mr. Qin, insecticide AIs expected to be formulated as OD products in near future include abamectin, spinosad, emamectin benzoate, indoxacarb, pymetrozine, thiamethoxam, thiacloprid, spirotetramat, etc. 

At present, most of the pesticides are formulated as EC formulation. However, the government restricts the application of EC formulation because this formulation is harmful to the environment. As a result, the development of eco-friendly formulations such as SC, ME, WDG, EW, etc., is very hot in domestic market at present.

 

OD formulation is not so hot as the formulations mentioned above, but it also attracts some companies. It is expected that OD formulation will become hot because it owns some advantages such as its improved absorbability and strong adhesion, etc.

 

However, insiders reveal that the processing technology of OD formulation in China lags behind some overseas companies. The AI content of OD formulation produced by domestic companies is still very low at present. To better promote this formulation, companies should pay more attention to its R&D.

Source: Insecticides China News 1210

http://www.cnchemicals.com/Newsletter/NewsletterDetail_1.html

Main content of Insecticides China News 1210:

Cyantraniliprole, a novel insecticide from DuPont gets registration

Yichun Xinlong finishes contructing a 2,000t/a virus insecticide project

Jiangsu Huangma’s new bifenthrin production line launched

More insecticides to be registered as OD formulation

Sufluoxime expected to be launched in near future

Fipronil as corn seed coating faces a bright outlook 

DuPont has long way to go to crack down illegal chlorantraniliprole products

China's insecticide export decrease in the first 8 months this year

Spinosad TC to be produced by domestic companeis

Late rice pests to occur seriously in late 2012

Diafenthiuron formal registrations in China soar since July 2012

95% acetamiprid technical's price keeps decreasing

Monthly ex-factory prices of key raw materials in China, Oct. 2012

Monthly ex-factory prices of main insecticides in China, Oct. 2012

Monthly Shanghai Port prices and FOB Shanghai price of main insecticides in China, Oct. 2012

Average market price of main crops in China, 29 Sept., 2012

Insecticides China News, a monthly publication issued by CCM on 10th of every month, provides the latest and influential analysis on insecticide industry for you, including company dynamics, supply and demand, price analysis, policy, raw material and intermediate.

Please visit http://www.cnchemicals.com for more information or contact econtact@cnchemicals.com

Phosphate fertilizer market forecasts more imbalances in H2 2012

China’s phosphate fertilizer consumption seemed unlikely to catch up with the stable production growth in H2 2012, according to the forecast from China’s Ministry of Industry and Information Technology (MIIT), according to CCM’s October issue of Phosphorus Industry China Monthly Report.

On Sept. 10th, MIIT released a notice regarding China’s fertilizer industry operation of H1 2012 and gave a forecast on the supply and demand market in H2 2012. China’s phosphate fertilizer industry would see more imbalances between supply and demand in H2 2012, compared to H1 2012.

The notice showed that China’s phosphate fertilizer industry witnessed the increasing output and decreasing profit in H1 2012. Coupled with nearly 3,000,000t/a new capacity of phosphate fertilizers entering into the market in 2011 and 2012 in succession, China’s total output of phosphate fertilizers grew to 9.80 million tonnes in H1 2012, increasing by 18.3% year on year.

 

Meanwhile, the rising prices of feedstock like phosphorus ore and sulfur greatly squeezed the margins of enterprises in H1 2012. China’s overall phosphate fertilizer industry generated USD6.04 billion revenue and USD190.85 million profits in H1 2012, respectively increasing by 18% and decreasing by 33.1% year on year.

 

Low operation rate drove up unit cost. According to the data from China Phosphate Fertilizer Association, the operation rate of DAP plants was 65% in H1 2012, versus 75% in H1 2011, while MAP and NPK fertilizers plants only operated facilities when receiving orders. Among China’s 34 MAP producers, two of them had suspended the production and 11 showed negative growth in production.

The notice also indicated that the development of China’s phosphate fertilizer industry would become tougher in H2 2012. China’s exports of phosphate fertilizers would draw to close in Sept. as low tariff period was about to end. Furthermore, although the demand for phosphate fertilizers would show seasonable uptrend in the coming autumn, it could still foresee the depression after autumn, especially when China’s exports of phosphate fertilizers dropped sharply and a massive supply glut would occur in H2 2012.

 

In general, China’s consumption volume in phosphate fertilizers was estimated to be around 8 million tonnes. The output of phosphate fertilizers in 2012 was expected to reach 17 million tonnes according to the conservative estimation. However, China’s exports of phosphate fertilizers won’t exceed 3 million tonnes in the whole year of 2012, indicating that domestic supply of phosphate fertilizers would approach 14 million tonnes, far more than the demand.

Source: Phosphorus Industry China Monthly Report 1210

http://www.cnchemicals.com/Newsletter/NewsletterDetail_209.html

Headlines of Phosphorus Industry China Monthly Report 1209

Editor's Note

Headlines of Phosphorus Industry China Monthly Report 1210

Phosphorus ore

Company Dynamics: Hubei Xingfa’s new beneficiation line to put into operation 

Industry Dynamics: Phosphorus accompanying resources shaped commercialization     

Yellow Phosphorus

Industry Dynamics: Yellow phosphorus producers to rid of price fear in Oct.

Phosphate Fertilizer

Industry Dynamics: Phosphate fertilizer market forecasts more imbalances in H2 2012 

Policy & Legislation: China to fine tune layout of phosphate industry  

Industry Dynamics: Phosphate fertilizer production keeps strong despite tough external environment     

Fine Phosphate Chemical

Company Dynamics: Sichuan Lomon expands phosphorus business in Hubei    

Company Dynamics: Yoke Technology expands sales to Europe

Global Insight

The Mosaic’s Q1 2013 fiscal result shows DAP price rebound in the US

Supply & Demand

Market review of prime phosphate chemicals in Sept. 2012

Import & Export

International trade situation of phosphate chemicals in Aug. 2012

Price Update

Price monitor of some phosphate chemicals in Sept. 2012

… …

Phosphorus Industry China Monthly Report, a monthly publication issued by CCM on 15^th of every month, provides you the latest information on company dynamic, industry dynamic, factors impacting the price fluctuation, technology improvement, supply & demand of China's phosphorus industry.

(Guangzhou China, Aug.15, 2012)

About CCM

CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer.

For more information, please visit http://www.cnchemicals.com.

CCM International Ltd.
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Find Hot News in Phosphorus Industry China Monthly Report 1210

Published on the 15^th every month, Phosphorus Industry China Monthly Report is a monthly publication released by CCM. It offers timely update and close follow up of China’s various kind of Phosphorus market dynamics, analyze the market data and trends. Major columns include market dynamic, company dynamic, raw material supply, price update, import & export analysis, consumption trend & competitiveness.

Following are headline news of the latest issue of Phosphorus Industry China Monthly Report:

Hubei Xingfa's new beneficiation line to put into operation

Hubei Xingfa's new beneficiation was to increase its own supply capacity in feedstock.

Phosphorus accompanying resources shaped commercialization

Multiple phosphorus accompanying resources were commercialized or about to be commercialized by enterprises from home and abroad.

Yellow phosphorus producers to rid of price fear in Oct.

With the announcement of date for the convocation of China's 18th Party Congress, the fears were eased about the drop in the price of yellow phosphorus in Oct.

Phosphate fertilizer market forecasts more imbalances in H2 2012

Increasing production and weak demand would intensify the imbalance of China's phosphate fertilizers in H2 2012.

China to fine tune layout of phosphate industry

China's newly-released Guiding Catalog of Industry Migration depicted a macroscopic profile of domestic phosphorus industry.

Phosphate fertilizer production keeps strong despite tough external environment

China's phosphate fertilizer productions continuously climb up in August despite gloomy economic environment and tough phosphate fertilizer status.

Sichuan Lomon expands phosphorus business in Hubei

Sichuan Lomon holds the ground breaking ceremony for its phosphate chemical production line in Nanzhang County, Xiangyang City, Hubei Province in Sept. 2012.

Yoke Technology expands sales to Europe

Yoke Technology's sales to Europe increased sharply in H1 2012.

The Mosaic's Q1 2013 fiscal result shows DAP price rebound in the US

Though the price of DAP rebounds during the Mosaic's Q1 2013 fiscal period, its Q1 2013 fiscal results still show falling gross profits.

Market review of prime phosphate chemicals in Sept. 2012

With the advent of high tariff period, domestic consumption of DAP seemed unlikely to outpace the production of DAP, which may lead to the mismatch between supply and demand.

International trade situation of phosphate chemicals in Aug. 2012

Excluding POCl3, other phosphorus products we concern generally remained a downside in cumulative volumes of the year to date in Aug. 2012.

Price monitor of some phosphate chemicals in Sept. 2012

The prices of phosphorus products we concerned generally maintained stable in Sept. 2012.

About CCM

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China's demand for titanium feedstock had an effect on the global supply

China is the largest titanium dioxide supplier in the world. China's TiO2 industry exerts more and more influence on the world's TiO2 market. Titanium dioxide is considered to be a white pigment with the best performance, which is widely used in paints, plastics, paper, rubber, cosmetics, pharmaceutical and other industries.

Titanium dioxide has reinforcing, aging, and filling effect, and is used as a coloring agent in the rubber industry.  White and colored rubber products added titanium dioxide to make it sun-resistant, anti-cracking, anti-discoloration, scales better and acid. In cosmetics applications, titanium dioxide white is better than lead because of non-toxic .Almost all kinds of powder use titanium dioxide instead of lead white and zinc white. Powder only need an addition of 5% to 8% of titanium dioxide to be permanently white, creamier spice, adhesion, absorption, strength and hiding power.

As the protagonist in the pigment market, the recent price trend of titanium dioxide fall and rise, becoming a "Person of the Year" in the paint on the raw materials market. Its latest price trend is more concerned by people. It becomes a hot topic that how the Titanium market trend will be. There is considerable room for growth of Titanium dioxide demand in China. China's titanium dioxide industry will continue the twists growth trends and production capacity, production, prices, exports, demand, etc, will have varying degrees of growth.

According to the latest statistics of the National Chemical Productivity Center titanium dioxide sub-center in the first half of this year ,it is showed that China imported a total of titanium dioxide 82,000 tons, down 37.8%; total exports in the first half of titanium dioxide 228,000 tons, with a year-on-year growth of 8.4%. Foreign titanium dioxide giant price good Chinese titanium dioxide enterprises, China's export volume has been rising. How titanium dioxide will trend? How to import and export analysis and price?

The China TiO2 Monthly Report is mainly divided into five parts referred to Supply & Demand, Company Dynamics, Upstream, Downstream and Price Update, including information of new launch, company expansion, value chain analysis, price fluctuation, etc. If your business is connected with TiO2, the report will be very attractive to you while the report will facilitate your search for commercial opportunities in this promising market.

About CCM

CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer.

For more information, please visit http://www.cnchemicals.com.

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Layout of Legend Holdings' investment in agricultural business

Legend Holdings Co., Ltd. (Legend Holdings), the parent company of best-known PC maker Lenovo Group, is expanding business in agricultural industry, one of its five investment fields, according to CCM’s September issue of AgriChina Investor.

In September 2012, Legend Holdings' two investments in agricultural industry have been contracted, stimulating the market of agricultural investment. On 15 September, 2012, Legend Holdings completed the acquisition of 100% shares of Qufu Confucius Family Wine Co., Ltd. with dealing value of USD63.32 million (RMB400 million). On 16 September, 2012, Legend Holdings signed an strategic cooperation agreement with Qingdao Municipal Government for an investment program in blueberry industry with a value of over USD316.61 million (RMB2 billion) in the future five years.

The investment in Qufu Confucius Family Wine Co., Ltd. is Legend Holding's third direct acquisition in China's white wine industry. And the strategic investment in blueberry industry in Qingdao is Legend Holdings' second action in fruit industry. In May 2011, Legend Holdings founded Beijing Huaxia Liancheng Fruit Trading Co., Ltd. (Huaxia Liancheng) to develop the market of high-quality kiwi fruit products, and now the company has five kiwi fruit planting bases in Shaanxi, Henan and Sichuan.

According to the investment agreement achieved by Legend Holdings and Qingdao Municipal Government, Legend Holdings will establish Legend Modern Agriculture (Qingdao) Headquarters and invest in a series of projects in blueberry industry including new variety development, planting and processing in the future five years. Legend Holdings expects that these projects related to blueberry industry in Qingdao City could achieve profit before the holistic listing of Legend Holdings in 2014-2016.

Legend Holdings, aiming to be a leading company in modern agriculture, has made great achievement in agricultural investment since it set foot in agricultural business in 2010. In July 2010, Legend Holdings set up an agricultural department, which focuses on investment and resource integration in agricultural industry. And a series of investments have been made in fields covering white wine, aquatic feed, aquaculture as well as livestock and poultry breeding. On 9 August, 2012, Joyvio Co., Ltd. (Joyvio), reformed from Legend Holdings' agricultural department, was founded to operate agriculture-related business. And the foundation of Joyvio follows the projection schedule of Legend Holdings' medium-term development strategy made in 2010.

According to Legend Holdings' official website, Legend Holdings aims to provide consumers with safe agricultural produces/foods by integrating global resources, operating in the whole industrial chain, carrying out whole-course cold chain logistics and adopting traceable strategy. The mission of Legend Holdings' business in agriculture is to lead and drive the development of modern agricultural industry in China.

According to Legend Holdings, the company's investment in agricultural business is based on the increasing demand for agricultural produces and foods with high quality and safety in China. "With the development of economy and society of China, consumers' demand for agricultural produces/foods with high quality and safety is increasing, while the market supply is seriously insufficient. The key solution to this problem is modern agriculture, which drives China's agriculture to develop into a large-scale, standardized and branded industry.

Source: AgriChina Investor

http://www.cnchemicals.com/Newsletter/NewsletterDetail_192.html

Content of AgriChina Investor 1209:

Legend Holdings expands investment in white wine business

Yiqiao Marine Seeds: operating margin hits 53.87% in H1 2012

Three agricultural investment funds founded in Aug. 2012

Beijing DQY to build world's largest raising base for egg-laying chickens in Chuzhou

Monsod Drought-Resistance listed in Growth Enterprise Board

Medium and large-scale banks extend rural financial business

Innovation: Key word in 12th Five-Year Plan for National Rural Economic Development

12th Five-Year Plan for Domestic Trade Development released

Low market price results in low achievement in cotton stockpile in Sept. 2012

China's largest spot cotton exchange center to open in Dec. 2012

Layout of Legend Holdings' investment in agricultural business

China encounters low profitability in rice growing

ASEAN becomes China’s 2nd largest trading partner of agricultural produces

China becomes world's largest importer of agricultural produces

China to invest USD1.14 billion in agriculture produces' quality inspection and testing system

Wholesale and retail markets of agricultural produces to enjoy two tax exemption

MOA: China to ensure wheat planting area over 22.60 million ha. in 2012/2013 season

China's soybean import volume in the first eight months ups 17.4% YoY

Jilin Province promotes integrated culture in paddy field

Chuying Agro-Pastoral explores pork sales business

……

AgriChina Investor, periodically published on 31^th every month, offers timely update and close follow up of agriculture investment in China, analyzing market data and trends, as well as related policies. Major columns include investment environment, investment dynamics, market watcher, market review etc.

If you are interested in AgriChina Investor, please do not hesitate to contact us by +86-20-37616606, or email us at econtact@cnchemicals.com.

About CCM

CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.

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