ChemChina to integrate its agrochemical assets

According to CCM’s lately released newsletter, Herbicides China News 1310, on Sept. 10, 2013, Hubei Sanonda Co., Ltd. (Hubei Sanonda) announced that Celsius Property B.V. (Celsius) will acquire 148.48 million of its B shares. The acquisition arouses speculation that China National Chemical Corporation (ChemChina) has begun to restructure its agrochemical assets, as Celsius is a Dutch company controlled by Makhteshim Agan Industries Ltd. (Makhteshim Agan), a subsidiary of ChemChina. The purpose of ChemChina's indirect acquisition of Hubei Sanonda is to strengthen its control for the company by increasing its shareholdings.

The 148.48 million B shares of Hubei Sanonda to be acquired by ChemChina representing 65% of Hubei Sanonda's B share capital, or 25% of the company's total share capital. As the practical controlling shareholder, ChemChina's stake in Hubei Sanonda will rise to around 45.15% from the present 20.15%. This acquisition will cost approximately USD126.38 million, or USD0.85/share.

Notably, the acquisition price is much higher than the closing price before the suspension of Hubei Sanonda's B shares. Since July 30, 2013, Hubei Sanonda's shares (A shares and B shares) have been suspended because of this acquisition. The acquisition price is a premium of approximately 26% on the closing price, and is approaching towards the record high price which is USD0.91/share. 

The announcement also revealed that ChemChina is acquiring Hubei Sanonda in order to actively implement the globalization plans for its agrochemical business, and to further strengthen the synergies between the company and its subsidiaries at home and abroad. Insiders believe that ChemChina is planning to use Makhteshim Agan as the platform to restructure its agrochemical assets and business operations.

This acquisition is likely to be the beginning of ChemChina's agrochemical asset integration. According to Hubei Sanonda's announcement, ChemChina plans to follow up on this acquisition by also purchasing Hubei Sanonda's A shares.  Makhteshim Agan has not ruled out the possibility that it will within the next 12 months acquire Hubei Sanonda's A shares, which are now indirectly held by ChemChina through Celsius or its other holding subsidiaries. This is in accordance with the strategic arrangement between ChemChina and Makhteshim Agan.

ChemChina has had long-held plans to restructure its agrochemical assets. In May 2012, ChemChina originally planned to restructure its agrochemical assets by using Hubei Sanonda as a platform. The company intended to inject quality assets into Hubei Sanonda, including 80.93% equity of Jiangsu Anpon Electrochemical Co., Ltd. (Jiangsu Anpon) and 70% equity of Jiangsu Huaihe Chemical Co., Ltd. (Huaihe Chemical). Both Jiangsu Anpon and Huaihe Chemical are ChemChina's subsidiaries which operate in the agrochemical sector. However, this plan eventually failed in Nov. 2012 for various reasons.

ChemChina is likely to continue to restructure its subsidiaries in the future. This is because ChemChina has many subsidiaries and many overlapping businesses in its subsidiaries. Restructuring will help resolve problems such as intra-industry competition and operational coordination. Up to now, ChemChina's portfolio of agrochemical enterprises mainly includes Makhteshim Agan, Hubei Sanonda, Cangzhou Dahua Group Co., Ltd., Jiangsu Anpon, Anhui Petroleum & Chemical Group Co., Ltd. and Huaihe Chemical.                                                               Hubei Sanonda performed quite strongly in the first half of 2013, according to Hubei Sanonda's 2013 semi-annual report. Its operating revenue and net profit both witnessed a significant increase, growing by 36.08% and 431.43% year-on-year respectively. The significant growth in net profit was mainly due to the increase in the output, the sales volume and the sales prices of the company's main products. The output of the company's chemical pesticides (100% consistency) reached 33,200 tonnes during this period, increasing by 58.79% compared with the same period of last year. Additionally, the company's export revenue was approximately USD128 million, representing a year-on-year growth of 34.28%.   

Table of Contents of Herbicides China News 1310:

FOB Shanghai of main herbicides in China, Oct. 8, 2013

Shanghai port prices of main herbicides in China, Oct. 8, 2013

Ex-factory prices of main herbicides in China, Oct. 8, 2013

Ex-factory prices of key herbicide raw materials in China, Oct. 8, 2013

Shandong Qiaochang to be first domestic company producing imazamox

Noposion to acquire another 20% stock equity of Jiangsu Changlong

Bohan Chemical to build world's largest production base of oxadiazon technical

Huapont Nutrichem intends to acquire two chemical companies

Seven glyphosate companies step into 2012 China Top 20 Pesticide Enterprises

China's total profit of pesticide industry surges by 40.5% YoY, Jan.-Aug. 2013

Shandong's total profit of pesticide industry up 44.8% YoY, Jan.-July 2013

MOFCOM extends anti-dumping investigation period against pyridine

Hubei Sanonda's export revenue enjoys significant growth, 2013

Paraquat AS substitutes developed in China

China's herbicide exports witness growth, Jan.-Aug. 2013

Export volume of China's acetochlor TC declines sharply, H1 2013

China newly approves ten herbicide products' formal registrations

MOA bans three more long residual herbicides

ChemChina to integrate its agrochemical assets

Herbicides China News, a monthly publication issued by CCM on 15^th, 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, and Consultancy Service. 

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

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CABB invests 50,000t/a MCA project and sets up joint venture with China firms

In March 7, 2013, the German company CABB GmbH (CABB) and two domestic enterprises, signed the Memorandum of Understanding (MoU) to establish a joint venture company for the manufacturing and marketing of high-quality monochloroacetic acid (MCA) in Jining, Shandong Province. The two domestic enterprises are Jining Gold Power Co. Ltd (Jining Gold Power) and Jinwei Huasheng Chemical Co. Ltd (Jinwei Huasheng), according to Herbicides China News 1303 issued by CCM in March.

 

The three companies will invest USD160 million (RMB1 billion) in a MCA project with a capacity of 50,000t/a. The whole project is to be divided into several stages. The first stage involves a 25,000t/a MCA expansion project. On March 1, 2013, it has been approved by the Jining Environmental Protection Bureau. In addition to the original capacity, the extension will permit Jinwei Huasheng to reach a 45,000t/a MCA capacity after the first stage.

 

The MCA is an important chemical material used in the synthesis of a variety of products in food, personal care and agrochemical industries. In the herbicides industry, the MCA can be used to make various herbicides synthesis, such as 2,4-D, MCPA, imazosulfuron and glyphosate.

For CABB, this marks an important step both in its strategy to further regionalize its acetyls business and in its global production process. Dr. Martin Wienkenhöver, CEO of CABB said in the MoU: "In Jining we have found Jining Gold Power a very strong partner for an important joint venture supporting the new operation with a secure supply of key raw materials, electric power and professional services." Dr. Uwe Brunk, General Manager of Business Unit of Acetyls at CABB, added: "With the joint venture, CABB will take a place in the world's largest MCA market with reliable, superior-quality products that our customers are waiting for and reliable management and operation. We are thrilled to be able to support our customers' development."

 

On the joint venture plan, CABB will acquire the existing company Jinwei Huasheng, which currently possesses a capacity of 20,000t/a MCA. And then CABB will be the majority owner of the joint venture, holding 67% of the joint venture shares, and the remaining shares will be held by Jining Gold Power and Mr. Yan Donghua (Mr. Yan Donghua is one of holder of Jinwei Huasheng). The joint venture will soon be able to supply high quality MCA with the existing facilities of CABB  and it has also started planning an expansion project to supply an additional 25,000t/a of high-quality MCA whose content reaches 99.9% with CABB's advanced proprietary technology.

 

Zuofei Xiao, Managing Director of Jining Gold Power and current Chairman of Jinwei Huasheng said: "We have found CABB a leading international player in MCA business and a recognized partner with leading-edge technology. We are looking forward to strengthening the international collaboration in our industrial park in Yutai County." Mr. Donghua Yan, current General Manager of Jinwei Huasheng, added: "CABB's support will enable the joint venture to raise its technology to a new level and will help Jinwei Huasheng develop into a leading company for high-quality MCA in Chinese market with activities and moves in the international market."

CABB is a globally leading manufacturer of fine and specialty chemicals and customized products. It is specialized in dealing with and safely handling corrosive materials and complex chemical reactions.

 

Jining Gold Power, founded in 2003, deals in coal, thermal power and chemical raw materials. At present, the company possesses a 30,000t/a caustic soda capacity. In 2012, its total revenue was over USD265.32 million (RMB1.65 billion). Jinwei Huasheng was invested by Jining Gold Powe and Mr. Yan Donghua in 2009.  

Table Contents of Herbicides China News 1303:

Jiangsu Agro's 50,000t/a 2,4-D and 10,000t/a MCPA projects in progress

Vicome Lunan's 12,300t/a chloropyridines pesticides project in progress

Hubei Jiahe sets foot in the pesticide industry

Anhui Zhongshan completes its 3,000t/a herbicides TC projects

CABB invests 50,000t/a MCA project and sets up joint venture with China firms

Cyhalofop-butyl market becomes gloomy in China

Sluggish clomazone market will go on in 2013

Diuron TC price below USD6,000/t in March 2013

Current situation of propanil in China

Pure pyridine price keeps increasing in early March 2013

Australia to levy anti-dumping tax on Chinese 2,4-D

Export volume of glufosinate-ammonium product slipped slightly in 2012 

Gansu Province's spring sown area in 2013 to reach 2.6 million ha

12 herbicides TC first registered by domestic companies in 2012

New registrations of herbicide technical in China in Feb. 2012

Herbicides China News, a monthly publication issued by CCM on 15^th, 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, and consultancy service. 

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

Guangzhou CCM Information Science & Technology Co., Ltd.
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Email: econtact@cnchemicals.com

Changqing Agrochemical's main strategy in future

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 China News is a monthly publication released by CCM. It offers timely update and close follow up of China’s various kind of fungicides market dynamics, analyze the market data and trends. Major columns include new legislations, company strategy, investment opportunities, advanced technology and quality fungicides.

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 International 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.

Guangzhou CCM Information Science & Technology Co., Ltd.
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Email: econtact@cnchemicals.com

Shanghai Heben-Eastsun to Expand Azoxystrobin Technical Production in 2012

Shanghai Heben-Eastsun Medicaments Co., Ltd. (Shanghai Heben-Eastsun), one of the leading azoxystrobin producers in China, plans to expand its capacity of azoxystrobin technical to 500t/a from 300t/a this year, which will greatly enhance the company's competitiveness and bring it handsome profit in the near future, according to CCM’s March Issue of Fungicides China News.

Azoxystrobin, the most popular strobilurin fungicide worldwide, has been drawing attention from domestic agrochemical companies, including Shanghai Heben-Eastsun, driven by its bright market prospect both at home and abroad in recent years. It is well known that the sales value of azoxystrobin reached about USD1.0 billion all over the world in 2011, thanks to its high efficiency, broad spectrum and low toxicity.

 

According to Shanghai Heben-Eastsun, it had started to research and develop azoxystrobin technical as early as 2005. In 2006, the company succeeded in producing and selling this fungicide through unremitting efforts.

 

Moreover, Shanghai Heben-Eastsun has smoothly obtained the formal registration of azoxystrobin 95% TC from the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA) in May 2010, which makes it become the first domestic company that has registered azoxystrobin technical in China.

 

It is worth noting that, so far, Shanghai Heben-Eastsun is the only domestic company that has registered azoxystrobin formulation—250g/L SC, which is used to prevent and control cucumber downy mildew with the application dosage of 200~250mg/kg. 

Mr. Wang, Product Manager from Shanghai Heben-Eastsun, reveals that most azoxystobin technical produced by the company is exported to overseas countries and regions mainly via foreign trade companies, and the rest is processed into 250g/L SC, which is also mainly for overseas market.

 

Owing to the good product quality and vigorous promotion, Shanghai Heben-Eastsun's azoxystrobin 95% TC and 250g/L SC have been selling well in recent years. In detail, the company's export volume of azoxystrobin (technical and formulations) has hit about 70 tonnes in 2011, witnessing a significant increase over the previous year, according to CCM International's investigation.

 

With the increasing demand for azoxystrobin from domestic and overseas market, the consumption of this fungicide will continue to go up in the next few years. As a result, Shanghai Heben-Eastsun hopes to expand its capacity of azoxystrobin technical in order to timely grasp the great opportunity and thus seize more market share in the near future.

 

Besides azoxystrobin, Shanghai Heben-Eastsun plans to develop other strobilurin fungicides, mainly including pyraclostrobin, picoxystrobin and trifloxystrobin, which are all relatively popular fungicides in global agrochemical market. It is expected that Shanghai Heben-Eastsun will greatly enhance its competitiveness in fungicide business with the capacity expansion of azoxystrobin and variety extension of strobilurin fungicides. 

Shanghai Heben-Eastsun, established in 2002, is mainly engaged in the production and sales of chemical pesticides and intermediates. Its major fungicide products include azoxystrobin 95% TC and 250g/L SC, epoxiconazole•thiophanate-methyl 497g/L SC, tebuconazole 96% TC and 50% WDG, etc.

Source: Fungicides China News 1203

http://www.cnchemicals.com/Newsletter/NewsletterDetail.aspx?id=2

Main content of Fungicides China News 1203:

China's fungicide output up 1.3% year on year in 2011

Lanfeng Biochemical: both revenue and net profit increase in 2011

Changqing Agrochemical's net profit slightly grows in 2011

Shanghai Heben-Eastsun to expand azoxystrobin technical production in 2012

Baoling Chemical registers SYP-7017

Sinochem Group to launch three new fungicides into market

Key producers' output of carbendazim technical totalled over 37,000 tonnes in China in 2011

Domestic consumption of dimethomorph significantly grows

Bailly Chemical to launch fluazinam technical in H2 2012  

Kuaida Agrochemical to reinforce iprodione's market position

Wheat diseases to seriously occur in China in 2012

Rice diseases' occurrence area to up 6% year on year in China in 2012

Meeting about the prevention and control of SRBSDV in 2012 held 

National Food Safety Standard of MRLs for 85 Pesticides in Food issued recently

Ex-factory price of 1,2,4-triazole increases in Q1 2012

Fungicides China News, a monthly publication issued by CCM International on 10th of every month, provides a wealth of exclusive information and analysis, research and development dynamics of domestic competitors, analysis on import and export of key products, cooperative opportunities with domestic and foreign companies, and market information of foreign patent-expired products.

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.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Tel: 86-20-37616606

Email: econtact@cnchemicals.com

Source: http://www.cnchemicals.com/PressRoom/PressRoomDetail_w_1002.html

CCM International’s Agrochemical Workshop: 50% off for Technicians and Researchers

Two workshops about agrochemical will be launched simultaneously (English Only) at 8:00am~11:30am on March 8^th , 2012 during China Crop Protection Summit (CCPS) at Ramada Plaza Gateway, Shanghai, China.

These two workshops will be held by CCM International, a leading consulting company with more than 10 years experience in China. One of the workshop is “Process Technology for Producing Agrochemical Actives - the Foundation for Profitable Business”, which is co-hosted by Dr. Peter Nightingale, Director of Development Chemicals Ltd. and Dr. Robert Bryant, Director of Agranova & Development Chemicals Ltd. Major agrochemicals used in China, production cost and detailed evaluation of major technical challenges will be presented during this workshop.

The other workshop is about the Indian agrochemical market, Dr. B Saha, Senior Vice President of Nagarrjuna Agrichem Limited will be the leader of it. With the topic of “Status of Indian Agrochemical Industry and Development Trends”, this workshop will focus on the following aspects: China–India cooperation and collaboration, current Indian Agrochemical Market, from the aspects of distribution, changing product portfolio, use, consumption, OECD GLP status, contract manufacturing, financial performance  and future outlook of agrochemical industry in India, etc.

There is only 1 month left for registration! You can choose either of these two workshops to register! Come to discuss with renowned experts and network with industrial leaders!

Time: 8:00am~11:30am, March 8th, 2012

Venue: Ramada Plaza Gateway, Shanghai, China

Registration Fee: USD599 / Person

Participants from college or non-profit research institutes can enjoy up to 50% off the price!

Event Booking:

Coco Yang

Email: econtact@cnchemicals.com

Tel: 86-20-37616606

Website: http://www.cnchemicals.com/Event/EventDetail_26_33_s_Pre-conference%20workshop.html

Up to date, partial delegates include:

Agranova

AgroCare

Anhui Fengle Agrochemical Co., Ltd.

Bayer CropScience China

BASF

Beijing Xinhefeng Agrochemical Co., Ltd.

CCM International Ltd.

China National Chemical Corporation

China Agricultural University

Development Chemicals Ltd.

Dow AgroSciences LLC

Hangzhou Tianchuang Waterpure Equipment Co., Ltd.

Jiangxi Tianren Ecology Co., Ltd.

Plant Protection Institute of CAAS

Qassim University

Shanghai Academy of Agricultural Sciences

Shanghai HeBen-EastSun Medicaments Co., Ltd.

Shanghai Sinofluoro Scientific Co., Ltd.

SOM Phytopharma (India) Limited

The Central University For Nationalities

Vertellus Specialties Inc.

... ...

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.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Tel: 86-20-37616606

Email: econtact@cnchemicals.com

Source: http://www.cnchemicals.com/PressRoom/PressRoomDetail_c_952.html

Top 10 Events of Chinese Herbicide Industry in 2011

Top 10 events in Chinese herbicide industry during 2011 are listed in this article, according to CCM’s January Issue of Herbicides China News.

1. ChemChina purchased MAI successfully

On Oct. 17, 2011, ChemChina finished the acquisition of Makhteshim Agan Group (MAI) headquartered in Israel, the largest generic pesticide manufacturer in the world, with a knock-down price of USD2.4 billion. Now ChemChina and Koor Industries Ltd., MAI's former holder, own respectively 60% and 40% of MAI's share. As a result, according to the agreement of both sides, MAI changed from a joint-stock company into a wholly-stock company.

This is the largest multinational acquisition in Chinese agrochemical history, and it marks a high tide of Chinese agrochemical companies' expansion in overseas. Besides ChemChina, domestic companies have put great efforts into overseas business aggressively these years. For instance, Jiangsu Huifeng Agrochemical Co., Ltd. (Jiangsu Huifeng) announced a plan on Dec. 13, 2011 to invest in establishing a subsidiary in Los Angeles, the U.S. (Please view this issue about Jiangsu Huifeng's overseas expansion.)

2. New Pesticide Administrative Regulations come out

On the basis of the original edition promulgated in May 1997, new Pesticide Administrative Regulations in China is under revision by the Chinese government nowadays, and should be issued formally in 2012 in an estimate. Pesticide Administrative Regulations is an instrumental document in China about governmental management of pesticide industry, generally worked out and promulgated by the Chinese government.

According to the latest report, the relative governmental department has finished the collection of public comments about new regulations already since Aug. 31, 2011. Contributed by these public comments, the partial modification in the draft of new regulations is in process recently. In terms of the detailed changes. However, it is still undercover at present. (Herbicides China News 1111)

As for the draft of new regulations, lots of different understanding in the public has been aroused, and the points are now summarized as bellow:

1. The entry barrier of pesticide industry in China will be heightened in the new regulation.

2. Quality demand of pesticide production in China is urged.

3. Sales permission of pesticide products in China will be re-executed.

4. Pesticide application in China will be standardized.

5. Governmental supervision of pesticide industry in China should be reinforced.

3. Herbicides witnessed price uptrend on the whole

On the basis of CCM International's price monitoring, it's learnt that the price of herbicides in China witnessed uptrend in 2011 due to the soaring cost resulted from the inflation in China. In the meantime, impacted by expensive materials, manufacturers restrict some herbicide production so that the supply shortage of herbicides in peak season of 2011 appeared frequently. (Please view Herbicides China News 1103, 1104, 1105, 1111 and 1112, etc.)

4. Nanjing Redsun finished the assets reorganization

Based on the conditional approval for assets reorganization between Nanjing Redsun Co., Ltd. (Nanjing Redsun) and Nanjing First Pesticide Group (NFP), Nanjing Redsun won China Securities Regulatory Commission (CSRC)'s complete approval on July 29, 2011. In the meantime, NFP also gained CSRC's approval to be exempted from obligation of tender offer in the assets reorganization.

As the reorganization witnessed the end, Nanjing Redsun Co., Ltd. modified its business registration——"export business of merchants and technologies" was added. As a result, nowadays, Nanjing Redsun's businesses include manufacture, sales, technology consultancy and service of pesticides, intermediates, fine chemicals and fertilizers as well as package business. (Relative information about the reorganization was mentioned in Herbicides China News 1108: Nanjing Redsun wins approval for asset reorganization)

5. Worries about paraquat was aroused

Worries about paraquat prospect was aroused again in Chinese herbicide market in 2011 after 200g/L SL was proposed to be listed in the Rotterdam Convention (Convention on International Prior Informed Consent Procedure for Certain Trade Hazardous Chemicals and Pesticides in International Trade Rotterdam, PIC) in March 2011.

Although the proposal for listing paraquat 200g/L SL in PIC has not come into effect in the world up to now, which will be checked in 2013 Conference of the Parties, there are lots of rumours in the air. A large number of people worry that Chinese paraquat will fade probably, if it is listed in PIC. (Herbicides China News 1109)

6. Lier Chemical purchased Jiangsu Kuaida

On Dec. 30, 2010, Lier Chemical Co., Ltd. (Lier Chemical) claimed that China Securities Regulatory Commission (CSRC) had approved the acquisition of Jiangsu Kuaida Agrochemical Co., Ltd. (Jiangsu Kuaida)'s over 64 million shares with per share price of USD0.39. It's the last administrative procedure for the acquisition of the Chinese government, indicating that Lier Chemical could complete the acquisition immediately, one of the remarkable examples in industrial integration of Chinese pesticides (Herbicides China News 1101). Now the acquisition has been finished already.

7. Huapont acquired Nutrichem

Through careful examination and discussion, it's announced by Chongqing Huapont Pharmaceutical Co., Ltd. (Huapont) finally that the company's acquisition of Nutrichem Company Limited (Nutrichem) gained CSRC's formal approval on Sept. 30, 2011. By issuing new 35,493,000 shares with unit price of USD3.69/share (RMB23.86/share) to Nutrichem, Huapont took over Nutrichem wholly by the end of 2011, and relative administrative procedures have also been finished already. (Herbicides China News 1107: Huapont acquires Nutrichem)

As a leading listed company who is mostly good at technology research and authentication, Nutrichem owns the first GLP laboratory in China. Among all subsidiaries of Nutrichem, Shangyu Yingtai Fine Chemical Co., Ltd. and Hebei Wanquan Lihua Chemicals Co., Ltd., whose businesses cover production and sales of pesticide and materials are the outstanding agrochemical companies in China.

8. Fuhua Tongda launched 50,000t/a glyphosate capacity

Contributed by the second stage glyphosate project done acceptance check formally in March 2011, Fuhua Tongda Agro-chemical Technology Co., Ltd. (Fuhua Tongda) was listed formally as the Chinese No. 2 glyphosate manufacturer with glyphosate technical capacity of 70,000t/a, tying with Anhui Huaxing Chemical Industry Co., Ltd. and Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. for the second rank in China. However, as for current glyphosate industry in China, Fuhua Tongda's new glyphosate capacity is surplus for Chinese market due to the overcapacity in market situation.

9. Shandong Dacheng and Huayang Technology were acquired by the mining companies

In 2011, two agrochemical companies, namely Shandong Dacheng Pesticide Co., Ltd. (Shandong Dacheng) and Shandong Huayang Technology Co., Ltd. (Huayang Technology), were acquired by two mining companies respectively, Shandong Hualian Mining Co., Ltd. (Shandong Hualian) and Zibo Hongda Mining Industry Co., Ltd. (Hongda Mining). It can be observed currently that two acquired companies are changing their pesticide business targets, implying that weak productivities are being swept from Chinese pesticide market gradually. (Herbicides China News 1102 and 1108)

10. Agrochemical companies march into new industries

While weak Chinese companies were forced to remove pesticide from their focuses, in 2011, some agrochemical companies in China try to explore new business in other industries. Thaihot Group Co., Ltd. (Thaihot Group, Fujian Sannong previously) is turning the original aim at weak pesticide business towards fluorinated-chemicals industry now. Coincidentally, Lianhe Chemical Technology Co., Ltd. (Lianhe Technology) with outstanding performance also aims at fluorine chemicals in an attempt at further development, by investing in Liaoning Tianyu Chemical Co., Ltd. (Tianyu Chemical). (Herbicides China News 1110 and 1112)

In fact, the trend that agrochemical companies march into new industries is growing up in China. Currently, for example, Hebei Veyong Bio-Chemical Co., Ltd. plans to explore coal business and Jiangsu Yangnong Chemical Co., Ltd. aims at new chemical materials.

Source: Herbicides China News 1201

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

Content of Herbicides China News 1201:

Top 10 events of Chinese herbicide industry in 2011

Six factors impacts on Chinese herbicide in 2011

Jiangsu Huifeng pushes overseas business 2

Explosive growth expected in Sanonda in 2011

Jiangsu Tenglong herbicide meets cooldown

Noposion should shine in 2011

Fluorine: Hotspot in pesticide industry

Only two 2,4-D registrations increased in 2011

Australian registrations of seven Chinese herbicides in 2011

Restriction in Australia may repress diuron export in China

Metamitron to remain export-oriented in 2012

Jiangsu Sword restarts bentazone production

The launch of Jiangsu Changqing's nicosulfuron behind schedule

Herbicide price stable in Jan. 2012

Herbicides China News, a monthly publication issued by CCM International 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.

CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Tel: 86-20-37616606

Email: econtact@cnchemicals.com

Source: http://www.cnchemicals.com/PressRoom/PressRoomDetail_w_940.html

China Crop Protection Summit 2012 Welcomes Your Participation

First launched in 2009, China Crop Protection Summit (CCPS), organized by CCM International, will be held in Shanghai Ramada Plaza Gateway on March 8^th  to March 9th, 2012. Aiming to provide you a perfect platform for discussion and communication, CCPS 2012 will continue to deliver you 0.5 day pre-conference workshop, plus 1.5 days conference with more than 15 hot topics.

Dr. Peter Nightingale, Director of Development Chemicals Ltd. and Dr. Robert Bryant, Director of Agranova; Development Chemicals Ltd. will be the workshop leader in the seminar of “Process technology for producing agrochemical actives - the foundation for profitable business”. Their excellent speech and insightful opinions must arouse great interest among participants.

The conference will focus on three sections, including commercial opportunities, the latest dynamics and challenges, hotspots in global crop protection industry. Mr. Gregory A. Hanger, Business Development Leader of Dow AgroSciences LLC will deliver a remarkable keynote speech on “Driving Forces that are Changing Crop Protection Markets”. Mr. Hanger is a famous expert on crop protection field, who makes great influence to the industry.

In addition,  distinguished experts with specific speech topics include:

- Market Situation and Opportunity of Non-crop Pesticides in China

Jinyu Zhang, Business Manager, BASF

- BioPesticide Industry- Global Challenges and Opportunities

Dr. Venkatesh Devanur, Managing Director, SOM Phytopharma (India) Limited

-What is Relationship Marketing? How do Chinese Agriculture Input Retailers Build Guanxi with Farmers?

Norman Lai, Corporate Advisor, CCM International

- Understand the Latest Policy for China's Seed Industry

Yifa Wang, Professor, Shanghai Academy of Agricultural Sciences

- Current Situation and Governmental Solution of Agricultural Environment in China

Cong Zhang, Professor, China Agricultural University

- Identify the Latest EC Formulations Policy

Fuliang Chen, Professor, Plant Protection Institute of CAAS

- China’s Pesticide Export and Import 2011

Yueli Zhang, Registered Consulting Engineer, China National Chemical Corporation

- Attractiveness of Foliar Fertilizer Market in China

Shicheng Wang, General Manager, Beijing Xinhefeng Agrochemical Co., Ltd.

-Bright Prospect for Strobilurin Fungicides in China

Qingsong Wang, Vice General Manager, Shanghai HeBen-EastSun Medicaments Co., Ltd.

CCPS is such a great event that you can not miss. It’s a great opportunity to learn the latest information and industrial trend from leading institutions and companies, as well as networking with crop production experts at home and abroad. During this event, you might seek cooperation with domestic companies and discover new business opportunities for your future development.

For more information about CCPS 2012, please check our website page: http://www.cnchemicals.com/Event/EventDetail.aspx?EventId=26, or contact us at econtact@cnchemicals.com; 86-20-37616606.

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.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Tel: 86-20-37616606

Email: econtact@cnchemicals.com

Source: http://www.cnchemicals.com/PressRoom/PressRoomDetail_c_917.html