Monday, November 7, 2011

List of 2011 China Top 100 Pesticide Manufacturers Released

On 19 Oct. 2011, the high-profile list, namely 2011 China Top 100 Pesticide Manufacturers, has been released by China Crop Protection Industry Association at the 11th National Agrochemical Exchange Meeting during 19 Oct. to 21 Oct. 2011, based on CCM’s latest issue of Crop Protection China News.

The top 100 pesticide manufacturers in China are ranked according to the companies' revenue in 2010 from domestic market. Zhejiang Wynca Chemical Industry Group Co., Ltd. (Zhejiang Wynca), a large listed pesticide company in China mainly engaged in glyphosate and anosilicon business, ranks first with its total revenue of USD294.96 million in 2010. The second place and the third place respectively go to Jiangsu Yangnong Chemical Co., Ltd. and Zhejiang Jinfanda Biochemical Co., Ltd. with their revenues of USD235.59 million and USD229.13 million in 2010 respectively.

Among all the listed pesticide manufacturers, there are 82 pesticide technical manufacturers, among which Zhejiang Wynca ranks No. 1. The rest 18 companies are pesticide formulation players, among which Shenzhen Noposion Agrochemical Co., Ltd. (Noposion, the largest pesticide formulation player in China), ranks first with its revenue of USD225.83 million in 2010.

Some listed pesticide companies didn't perform well in 2010. Shandong Huayang Technology Co., Ltd. (now is changed into a mining company after being merged) ranks 80th with its revenue of USD36.22 million in 2010. There are 21 listed pesticide companies appeared on the list of Top 100 Pesticide Manufacturers. However, only ten of them rank as the first twenty manufacturers.

It is calculated that there are ten pesticide manufacturers whose revenue in 2010 surpassed USD157.48 million (RMB1 billion). The total revenue of the top ten pesticide manufacturers adds up to USD2.05 billion, accounting for 26.3% of the total revenue of the top 100 pesticide manufacturers, about USD7.8 billion.

There are 24 pesticide manufacturers who gained revenue between USD78.74 million (RMB500 million) and USD157.48 million (RMB1 billion) with total revenue of USD2.64 billion in 2010, accounting for 33.80% of the total revenue of the top 100 pesticide manufacturers.

The revenue of 66 pesticide manufacturers among the 100 pesticide manufacturers is less than USD78.74 million (RMB500 million) in 2010. Their total revenue adds up to USD3.11 billion, accounting for 39.87% of the total revenue of the top 100 pesticide manufacturers.

As one of the largest pesticide markets and pesticide production countries in the world, China is believed to own great potential in pesticide industry. However, the reasons like chaotic pesticide market, inefficient pesticide production technology, pesticide companies lacking strong competitiveness, etc. all drag down the development of domestic pesticide industry. The companies which are shown as the top 100 pesticide manufacturers in China may own good strength in pesticide business. However, they still lack good competitiveness while facing international pesticide giants. It can be easily seen from the total revenue of the top domestic 100 pesticide manufacturers which did not exceed USD7.87 billion (RMB50 billion) in 2010.
Source: Crop Protection China News 1120
(Guangzhou China, November 3, 2011)

Content of Crop Protection China News 1120:
List of 2011 China Top 100 Pesticide Manufacturers released
Development direction of domestic EC formulations set
ChemChina and MAI: takeover completes
Zhejiang Wynca witnesses deficit in Q3 2011
Jiangsu Changqing: net profit downs in Q3 2011
Jiangsu Tianrong relocation to be completed
Government to increase support for registration and use of pesticides for small crops
Jiangsu Province to enhance environmental governance of chemical industrial parks
Research progress on southern rice black streaked dwarf virus

Crop Protection China News, a semimonthly publication issued by CCM International on 15th and 30th(31st) of every month, aims to gain a deep insight into Chinese market, supply the latest market data and strategy support, analyze the newest legislation and policy and grasp the future market trend.

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