In early February 2022, Nanjing Redsun Co., Ltd. (Nanjing Redsun) and Sino-Agri Leading Biosciences Co., Ltd. (Sino-Agri Leading) signed a framework agreement on strategic cooperation.
Both companies agreed that Nanjing Redsun will preferentially provide Sino-Agri Leading with its conventional products including diquat dibromide, chlorpyrifos, 3-methylpyridine, 3-cyanopyridine, nicotinamide and 2,3-dichloropyridine. The combined transaction value will not be lower than the order amount in 2021 (around USD0.3 billion). At the same time, Nanjing Redsun will also supply new products including diquat dichloride and glufosinate-ammonium at a quantity of more than 50% of its annual output to its partner.
The cooperation is initiated based on a combination of Nanjing Redsun’s sound industrial chain and rich product resources and Sino-Agri Leading’s broad channels for pesticide distribution. For Nanjing Redsun, it can help improve its product competitiveness on the international market, market share and market presence and is of great importance to its business performance in 2022.
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