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Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) released its semi-annual report in 2016. During the reported period, Zhejiang Wynca’s sales revenue was USD525.9 million, down 12.9% YoY; its net profit loss was USD2.6 million, while it lost USD5.1 million in corresponding period of 2015.
Recently, the Shandong Institute for the Control of Agrochemicals (the Institute) published a notice emphasizing the necessity of paying attention to the illegal sale of paraquat AS with the package of diquat.
According to statistics by Think Real, in June 2016, China exported 74,516 tonnes of glyphosate, growing by 20.1% year on year; the export value of the products was USD157.92 million, slipping by 1.5% year on year.
In Sept., 2016, the China National Chemical Corporation (ChemChina) announced to postpone its acquisition of Syngenta again, to 8 Nov., 2016, which is the third time that the plan has been delayed. With the USD43 billion full-cash payment, the acquisition has been drawing attention and controversy since its beginning in Feb. due to the GM giant identity of Syngenta.
In September 2016, the Shandong Economic and Information Technology Committee announced the new progress made during the transformation of local chemical industry towards environmentally friendly and safe production. So far 935 enterprises having safety and environmental risks have been shut down and 1,319 suspended for production. This signals a large decline in the source of risks. From January to July, 4 big accidents happened to the indust0ry and caused 10 deaths, figures respectively down by 11 and 16.
The first batch of pesticide samples inspected by the MOA include those for vegetables, fruit trees, tea trees, wheat, corn, cotton, soybeans and so on, involving 28 provinces, autonomous regions and municipalities and abroad. Totally 1,323 products were in the sampling inspection and the number of qualified were 1,213, with a qualified rate of 91.7%.
On 1 Sept., 2016, the ICAMA released the 8th batch of pesticides with proposed registration, in which the registrations of 97% pyraclonil TC and 2% pyraclonil GR from Hubei Xianghe Chem Co., Ltd., are to be approved in China. The formulations were registered for the control of annual weeds in transplanted rice fields. According to inquiry, this is the first registration of pyraclonil in China.
On 5 Sept., 2016, the GM Seminar for National Media Reports was held in Changchun City, Jilin Province, on which Wan Jianmin, Academician of the Chinese Academy of Engineering and General Engineer of the Major and Special GM Project (the Project), introduced the progress of the project. He revealed that China might realize the industrial production of GM herbicide-resistant soybean and insect-resistant corn in the next five years.
Hubei Sanonda Co., Ltd. (Sanonda) published its semi-annual report for 2016, according to which the company’s revenue and net profit were USD151.7 million and USD2.5 million, which fell by 18.6% and 85.6% year on year respectively.