On 29 September 2018, Sinochem International Corporation (Sinochem International) and Sichuan Fuhua Crop Protection Technology Investment Co., Ltd. (Sichuan Fuhua) signed a Share Transfer Agreement. Sichuan Fuhua became the transferee of 29.19% of shares in Nantong Jiangshan Agrochemical & Chemical Co., Ltd. (Nantong Jiangshan), with transfer price at USD3.0/share and sum at USD261.5 million. The payment was in cash.
On 6 Sept., 2018, 58 officials and technology experts from 16 developing countries that attended the 2018 Developing Countries Capacity Cooperation Seminar visited Qingdao Hailir Pesticides & Chemicals Co., Ltd. (Qingdao Hailir). The countries include Belarus, Uzbekistan, Ghana, Bulgaria, Cameroon, Cuba and Vietnam.
On 8 October 2018, the Executive Meeting of the State Council was held. During this, the decision to complete the export rebate policy and accelerate the drawback was made. From 1 November 2018 specifically,
² The respective export rebate rate of 15% and 13% on certain commodities will be both increased to 16%
² The figure of 9% will be raised to 10% and even to 13% partially
² The rate of 5% will be improved to 6% and even to 10% partially
In Sept. 2018, the President of Japan Sakata Seedling Co., Ltd. (Sakata Seedling), together with its team, came to China to celebrate the 20th anniversary of its subsidiary in the local market.
On 2 Sept., 2018, some person in charge of the overseas business department of Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) attended the China Burkina Faso Economy, Trade and Investment Recommendation Meeting.
Nutrichem Laboratory Co., Ltd. (Nutrichem) issued an announcement in Sep. 2018 on the acquisition of minority shareholders' equity and related party transactions of its holding subsidiaries.
On 23 Aug., 2018, on the Exchange Meeting for the Prevention and Control of Resisting Weeds in Agricultural Fields, Professor Ji Mingshan from the Plant Protection College of Shenyang Agricultural University introduced that in the Northeast rice production region, nine herbicides, namely barnyardgrass, water barnyardgrass, lecrsia oryzoides, Monochoria korsakowii, arrowhead, wild arrowhead, meadow rush, Eleocharis yokoscensis and Scirpus juncoides shave generated resistance against seven herbicides.
According to new from Sinochem International Corporation (Sinochem International) on 5 Sept., 2018, the company got an application from Fuhua Crop Protection Technology Investment Co., Ltd. (Fuhua Group), who intends to accept shares of Nantong Jiangshan Agrochemical & Chemical Co., Ltd. (Nantong Jiangshan). As known, Fuhua Group had already paid the deposit and submitted application files.
In Aug. 2018, Corteva Agricultural Technology (agrochemical brand of Dow DuPont in China) held a national launch meeting in Jiangsu, officially launching its new wheat herbicide Youmaida® (Chinese name 优麦达). The product aims to address the weeding problems of complicated weeds and rising resistance to effectively practice the policy to reduce the application volume and increase the efficiency of pesticides for wheat fields to help farmers gain higher wheat yield.
On 21 Aug., 2018, Sichuan Guoguang Agrochemical Co., Ltd. (Sichuan Guoguang) published a notice about the signing of the Investment Deal about Relocation and Reform Project. Accordingly, the company plans to sign the deal with the Management Committee of Jianyang Industrial Concentration Development District.