Thursday, October 24, 2013

Seven glyphosate companies make it into the 2012 China Top 20 Pesticide Enterprises

According to the data revealed by CCPIA (China Crop Protection Industry Association) and in Sept. 2013, in light of the total revenue from pesticides in 2012, seven glyphosate companies were amongst the 2012 China Top 20 Pesticide Enterprises for the first time.

The total revenue of these seven glyphosate companies from their pesticide businesses was about USD2.53 billion (RMB15.49 billion) in 2012, up by 55.14% from 2011. These seven companies' total pesticides revenue accounted for about 39.90% of the total pesticides revenue of the top 20 pesticide enterprises, which is 2.14 percentage points lower than 2011.

These seven glyphosate companies are:
-Zhejiang Wynca Chemical Industry Group Co., Ltd. (Zhejiang Wynca)
-Sichuan Fuhua Tongda Agrochemical Technology Co., Ltd. (Sichuan Fuhua)
-Shandong Weifang Rainbow Chemical Co., Ltd. (Shandong Weifang Rainbow)
-Zhejiang Jinfanda Bio-Chemical Co., Ltd. (Zhejiang Jinfanda)
-Jiangsu Yangnong Chemical Co., Ltd. (Jiangsu Yangnong)
-Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. (Nantong Jiangshan)
-Jiangsu Good Harvest-Weien Agrochemical Co., Ltd. (Jiangsu Good Harvest-Weien)

Surprisingly, six glyphosate companies (Zhejiang Wynca, Sichuan Fuhua, Shandong Weifang Rainbow, Zhejiang Jinfanda, Jiangsu Yangnong and Nantong Jiangshan) all ranked the top 10 for the first time in the 2012 China Top 20 Pesticide Enterprises. Notably, Zhejiang Wynca ranked second for the first time since 2009. Huapont-Nutrichem Co., Ltd., a major pesticides and pharmaceutical company located in Chongqing City, ranked first.

High prices and profitability of their glyphosate related products (including glyphosate technical, glyphosate formulations and PMIDA) were the most important factors for the strong financial performances of the seven companies that qualified for the 2012 China Top 20 Pesticide Enterprises for the first time.

In 2012, as the supply and demand in the worldwide glyphosate industry improved, the glyphosate market turned prosperous again. In this period, the ex-works prices and profitability of glyphosate related products all achieved their highest level since 2009. As for China's mainstream glyphosate manufacturers, with their total glyphosate capacity accounting for about 60% of China's total, these seven companies seized the opportunities created by the upturn in 2012 and made significant achievements in their glyphosate businesses.

Source: Glyphosate China Monthly Report issued by CCM in October.

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