Think Real News

rss

Think Real press releases and industry coverage


ADAMA: sales -1.6% YoY to USD1.0 billion in Q1 2019

The month May is the end of the 1st fiscal quarter of the year 2019 to ADAMA. In Q1, the company made sales of USD1.0 billion, down by 1.6% year on year, and net profit of USD80.0 million, down by 4.5% year on year.

 

“This quarter saw the toughness of our performance,” said Chen Lichtenstein, President and CEO of ADAMA, “We overcame many challenges in the industry, such as the harsh climate conditions and the continued tight supplies in both North America and Australia. Thanks to the joint efforts made by our Chinese and global operations teams, the old factory of Jingzhou base (in Jingzhou City, Hubei Province) quickly restored production. The impact caused by the production suspension on the future supply was reduced.”

 

Old factory of Jingzhou base is under production resumption

 

Since it was connected with the new factory by pipes (which was the connection of advanced sewage treatment facility), the old factory is gradually resuming the production. However, ADAMA failed to supply sufficient products and a total of about USD11 million cost of sales was generated, impacted by the production suspension. The impact, to a certain extent, would continue till Q2 2019. It may decrease when the old factory increases the output


Tags

corn Sinochem Jiangsu Changqing Rotam Hubei Sanonda ADAMA Hubei Xingfa NEEQ Veyong Bio-Chemical soybean MOA Arysta Jiangsu Lanfeng Paraquat pests & diseases wheat dicamba xanthan gum glufosinate-ammonium Winall Hi-Tech Pests and Diseases carbendazim Jiangsu Jiujiujiu Market Dynamic Mancozeb Fufeng Group NATESC glyphsate Noposion CNSA QHT Lianhe Chemical environmental protection Sino-Agri Export Weifang Rainbow 百草枯 Limin Chemical Fengle Seed DowDuPont spodoptera frugiperda Huapont-Nutrichem Policy Lianhetech Zhejiang Wynca Meihua Bio Sugar Henan Lotus Metaflumizone Wheat head blight Longlive Biotechnology Baolingbao Jiangsu Yangnong glyphosate pesticides Fuhua Group 草甘膦 Nanjing Redsun environment protection Hailir Nantong Jiangshan Redsun IPO lysine Xiwang Food Crop and Seed MIIT Zhejiang Xinnong Huaheng Biotechnology Shenghua Biok Jingbo Dow AgroSciences MEP Chlorpyrifos Sanonda Seed ABA Chemicals Shandong Qiaochang Jiangsu Kwin Qingdao Hailir Sipcam VB2 ICAMA Nutrichem Bayer Lier Chemical CAS Azoxystrobin Longping High-Tech Beijing Yoloo Sichuan Hebang Star Lake Bioscience Fuhua Tongda Imazamox Registration Monitor DuPont Shandong Luba ABACHEM ChemChina MARA FMC CAC Project Monitor JPRI pesticide Project Dynamic Zhongnongfa Seed Sino-Agri Leading wheat scab Yongnong BioSciences CAAS Fall armyworm Zhongbao Lvnong Company Dynamic Bayer CropScience Syngenta Insight Output MOFCOM Nippon Soda COFCO Biochemical Hebei Veyong Jiangsu Huifeng pyraclostrobin BASF Price Shenzhen Noposion Anhui Guangxin Jiangsu Flag CCPIA registration Export and Import Hunan Haili GM