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.
Fungicides
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