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The world’s leading producer of agricultural machinery, AGCO, recently signed a strategic cooperative Memorandum of Understanding (MOU) with the Alibaba Group in Shanghai, marching into the “Internet+Agriculture” field.
On 26 Aug., 2015, Shandong Longlive Biotechnology Co., Ltd. (Longlive Biotechnology) published its H1 2015 report, according to which the company’s revenue and net profit went down by 1.6% and 51.1% year on year respectively. There were four main reasons behind the under performance of the company in the report period. Firstly, in 2014, the company performed greatly as it got subsidies from fiber ethanol from Q4 2012 to 2013 (totaled USD4.7 million) to 2014 while it only got subsidy from H1 2015. Secondly, the subsidy standard of fiber fuel ethanol was adjusted from USD124.9/t in 2014 to USD93.7/t in 2015. Thirdly, in Q1 2015, the company’s supply of fuel ethanol to China National Petroleum Corporation declined. Fourthly, under the effect of reducing international oil price, the average sales price of the company’s fuel ethanol fell.
On 24 Aug., 2015, Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion) held a launch meeting for its Lvqi (30% pyraclostrobin EC) and Jike (45% pyraclostrobin+dimethomorph SC) in Sanya, Hainan. In addition, Noposion also launched Gaishigong (polyhydroxy complex calcium boron fertilizer), which was developed by itself and an American company, Brandt Consolidated Inc. (Brandt), together
On 20 Aug., 2015, Liangyungang Environmental Protection Bureau published an Administrative Penalty Decision, deeming that Liangyungang Sevencontinent Green Chemical Co., Ltd. (Liangyungang Sevencontinent, a subsidiary of Jiangsu Sevencontinent Green Chemical Co., Ltd. (Sevencontinent Green)), violated some regulations in the Environmental Protection Management Regulations for Constructed Projects (the Regulations). It asked the company to stop the production of the project and fined it USD12,527.0.
Lianhe Chemical Technology Co., Ltd. (Lianhe Chemical) released its semi-annual report of H1 2015. According to the report, in the first half the company achieved sales revenue of USD314.3 million, with a YoY increase of 8.0%; at the same time, the company gained a net profit of USD49.4 million, with a YoY increase of 25.4%. Lianhe Chemical expected that the in Jan.-Sept., the net profit would be USD66.21 million to USD78.14 million, up 10%-30% YoY.
On 12 Aug., 2015, the dangerous product warehouse of Ruihai International Logistics Co., Ltd. in the Tianjin Dongjiang Tax-free Port Area, Tanggu Development Area, Tianjin Coastal New District, exploded, which exerted negative influence on the import and export business in the port. Tianjian Customs temporarily transferred its office and partial road of Coast Highway starts traffic administration without a firm resumption time.
On 7 Aug., 2015, the US Department of Commerce (USDC) made a preliminary decision on administrative review of anti-dumping of China-originated xanthan gum: the following duties should be levied on companies below. Neimenggu Fufeng Biotechnologies Co., Ltd.: 0.00%; Deosen Biochemical Ltd.: 5.14%; CP Kelco (Shandong) Biological Company Limited: 5.14%; Shanghai Smart Chemicals Co. Ltd.: 5.14%.
In light of the H1 2015 report of Jiangsu Lanfeng Biochemical Co., Ltd. (Jiangsu Lanfeng), the company got a revenue of USD94.0 million, which declined by 15.8% year on year; its net profit was –USD1.5 million in the period while it profited in the same period last year.
On 1 September, 2015, Hebei Veyong Bio-Chemical Pesticide Co., Ltd. (Hebei Veyong) held a meeting to launch a 1,000 t/a glufosinate-ammonium project, after the parent company, ENN Ecological Holdings Co., Ltd. (ENN Ecological) announced the approval for Hebei Veyong to construct the project. Accordingly, altogether 40+ people attended the meeting, including the managing team of the company and the staffers responsible for the project. This signalised that the 1,000 t/a glufosinate-ammonium project was officially initiated.
Recently, Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) published its H1 2015 semi-annual report report, according to which the company got a revenue of USD654.3 million and net profit of -USD5.6 million in the report period, which decreased by 0.6% and 137.6% year on year respectively.