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On 27 Sept., 2017, Hubei Xingfa Chemicals Group Co., Ltd. (Hubei Xingfa) published a notice saying that it plans to acquire no less than 51% shares of Inner Mongolia Tenglong Biological Fine Chemicals Co., Ltd. (Inner Mongolia Tenglong) with cash after reaching an agreement with its controlling shareholder, Hubei Xiantao Xianlong Chemical Industry Co., Ltd. (Xianlong Chemical)
In Sept. 2017, Weifang Coastal Economic Development Zone conducted inspection on the trial application files and project spot of the 2,000t/a dicamba construction project of Shandong Sino-Agri United Crop Science and Technology (Sino-Agri United Crop Science and Technology, subsidiary of Shandong Sino-Agri United Biotechnology Co., Ltd. (Sino-Agri United))
Recently, Zibo City in Shandong Province, published the Notice of Implementation Plan of Regulation on Industrial Enterprises Operating during Non-peak Period of Winter 2017, which targeted at key industries like steel, coking, pharmaceuticals and pesticides for four months (15 Nov., 2017-15 March, 2018).
On 29 September 2017, Hubei Sanonda Co., Ltd. (Sanonda) made an announcement that the merged company, following the merger between ADAMA (ADAMA Agricultural Solutions Ltd.) and Sanonda, appointed new directors and managerial team. This marked the successful incorporation of the 2 companies and the listing.
On 15-18 Oct., 2017, the National Agrochemical Exchange Meeting & AgroChemEx 2017 (ACE 2017) was held in Shanghai, during which the list of Top 30 Chinese Pesticide Exporters 2016 (by export value) was unveiled. Particularly, this year Shandong Weifang Rainbow Chemical Co., Ltd. hit the top, while Nutrichem Co., Ltd. came down to the second place. Enterprises ranking No.3-6 remained unchanged over last year.
Earlier, the Ministry of Environmental Protection published the Action Plan of Comprehensively Treating Air Pollution in Beijing-Tianjin-Hebei in Autumn and Winter 2017-2018 (the Action Plan). Recently, local governments in Beijing, Hebei and Shandong have released their own action plans, asking some industries to suspend production.
Lier Chemical Co., Ltd. (Lier Chemical) released its 2017 semi-annual financial figures:
² Revenue: +32.7% year on year to USD182.7 million
² Net profit: +52.4% year on year to USD22.4 million
According to the 2017 semi-annual financial report released by Jiangsu Lanfeng Bio-chemical Co., Ltd. (Jiangsu Lanfeng), the company made revenue of USD127.6 million, up by 25.2% year on year, and net profit of USD9.1 million, down by 5.2% year on year.
Due to the need of development, "Hebei Veyong Biochemical Pesticide Co., Ltd. " officially changed its name to "Hebei Veyong Bio-Chemical Co., Ltd.", referred to as " Veyong Bio-Chemical " on August 23, 2017. After its renamed, the company's business scope also increased from the previous of pesticide production and sales, etc. to the content of biological chemical products, fine chemical products production and sales.
As of Sept. 2017, Jiangsu Rotam Agrochemical Co., Ltd. (Rotam Agrochemical) achieved a growth of 50%+ in pesticide sales from Jiangsu wheat market, despite the overall depression in the domestic agricultural means of production business.