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On 7 December 2017, Limin Chemical Co., Ltd. (Limin Chemical) announced to use its self owned funding of USD1.5 million to establish a fully owned subsidiary called Jiangsu Limin Detection Technology Co., Ltd. in Nanjing, Jiangsu Province. Specifically,
During 2011-2016, China’s import/export volume and value both showed increases first and then decreases. In regard to pesticide technical, its export volume presented decreases in the proportion to the total figure while the corresponding export value only had small changes, making up about 60% of the national figure. By contrast, the export value of pesticide formulations rose frequently, accounting for increasing proportion to the total, and the export volume also grew quickly. All this indicated that the domestic pesticide industry has recovered as a whole.
While it is getting hard to innovate traditional products, Chinese pesticide producers are now witnessing an annual growth of 10%+ in the domestic seed coating agent business. In Sept. 2017, the Ministry of Agriculture of the People's Republic of China announced its requirement of 90%+ seed coating treatment for winter wheat in key planting regions. With all these favourable factors, the domestic seed coating market starts a new round of striving development.
From 22-24 November, the 2017 China Plant Protection Information Exchange & Pesticide and Sprayer Facilities Trade Fair was hosted in Nanchang City, Jiangxi Province. The day before this, DowDuPont’s Agriculture Business Department officially released new products, Pexalon™ insecticide developed by DuPont and Rinskor herbicide by Dows AgroSciences.
On 20 Nov., 2017, the Ministry of Commerce of China published a notice that it was primarily ruled that there was dumping behavior in the imported MIBK from South Korea, Japan and South Africa. As a result, the domestic MIBK was substantially injured. It had decided to adopt the security deposits as a temporary anti-dumping measure.
On 13 Oct., 2017, the news office of the Ministry of Agriculture of China (MOA) held a press conference, o which it introduced to the media updates of the reform in the seed industry and answered questions from reporters.
On 5 Nov., 2017, Hailir Pesticides and Chemicals Group (Hailir) held a business strategy symposium with its key partners in Xi’an City, Shaanxi Province.
On November 9, 2017, Fuhua Agro-chemical Technology Co., Ltd. and Evonik Industries Group (Evonik) signed a strategic cooperation agreement in Leshan, Sichuan Province. Zhang Hua, chairman of the Board of Fuhua, and Dr. Ke Lishishi, president of Evonik in North Asia signed relevant documents on behalf of both parties.
At the training meeting held by the China Crop Protection Industry Association (CCPIA) for the application of sewage discharge licenses in early November 2017, Li Zhonghua, Secretary General of the CCPIA reminded manufacturers to pay attention to and speed up their applications for the licenses, given that the license is the only administrative approval for pesticide manufacturers to discharge sewages during their production and that it is less than 2 months left for the license application which is expected to come to an end at the end of 2017.
On 16 Nov., 2017, Sino-Agri Leading Bioscinences Co., Ltd. (Sino-Agri Leading, stock code: 603970) officially launched its initial public offerings (IPO) in A-share market, with shares soaring by 44.0% to USD2.7/share on this trading debut.