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ChemChina’s acquisition of Syngenta to be settled

On 5 May, 2017, China National Chemical Corporation (ChemChina) and Switzerland based Syngenta jointly announced the approval by the latter’s shareholders through voting about the acquisition conducted by the former at USD43 billion. “ChemChina has reduced the stake to be acquired, from 100% to 80%+,” reported a domestic source, “Whether the sum (= USD43 billion) has been decreased or not remains to be seen. ”

 

Shandong Sino-Agri listed on NEEQ

On 22 March, 2017, Shandong Sino-Agri United Biotechnology Co., Ltd. (Shandong Sino-Agri) went listed on the New Third Board (= National Equities Exchange and Quotations, NEEQ).

 

Hubei Xingfa’s glyphosate business grows by 41.0% YoY in 2016

In March, 2017, Hubei Xingfa Chemicals Group Co., Ltd. (Hubei Xingfa) published its 2016 annual report, according to which the company’s revenue and net profit reached USD2.1 billion and USD14.8 million, rising by 17.3% and 32.0% year on year respectively.

 

CCPIA’s 2nd international agricultural exhibition to be held in Ethiopia

On 10 April, 2017, the China Crop Protection Industry Association (CCPIA) exchanged ideas with the minister of Ethiopian minister of the Ministry of Agricultural Resources. Director Guo Wei made introduction about the 2nd International Agricultural Exhibitions, also known as the AgroChem Ex Africa, which is to be held in the capital of Ethiopia, Addis Ababa.

 

Shenghua Biok: revenue of pesticides -34.2% in 2016

Zhejiang Shenghua Biok Biology Co., Ltd. (Shenghua Biok) announced that it made revenue of USD145.7 million and net profit of USD34.1 million in 2016, respectively down by 0.46% and up by 68.4% YoY.

Jiangsu Lanfeng: pesticide revenue in 2016 reaches USD119.0 million, growing by 34.5%

Recently, Jiangsu Lanfeng Biochemical Co., Ltd. (Jiangsu Lanfeng) published its 2016 annual report, according to which the company’s revenue was USD211.3 million, increasing by 44.2% year on year; its net profit reached USD15.5 million, turning loss into gain (it lost USD10.0 million in 2015).

China's consumption of insecticide declining

On 24th March, 2017, with the theme "Insecticide Development under the Zero Growth of Pesticide Consumption Policy", the second Insecticide Development and Promotion Exchange Meeting was held in Kunshan City, Jiangsu Province and about 300 people from agricultural technology promotion sectors, agricultural distribution service industry and related media organizations attended the meeting.

 

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