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Think Real press releases and industry coverage


MOA: no more approval of applications for renewed registrations of 2,4-D butylate and paraquat

In Sept. 2016, the Ministry of Agriculture of China (MOA) published the Announcement No. 2445, saying that to safeguard the quality safety and ecological environment safety of agricultural produces, and after the permission of the National Pesticide Registration Approval Committee, it decided to adopt the following management measures on the eight pesticides, namely 2,4-D butylate, paraquat, dicofol, flubendiamide, carbofuran, phorate, isofenphos-methyl and aluminium phosphide.

 

MOA: focusing on the risk assessment for safety and re-evaluation of carbendazim

On 29th August, 2016, as a respond to the No. 7307 recommendation of the Fourth Session of the National People's Congress, Ministry of Agriculture (MOA) issued a document mainly containing some suggestions on addressing the carbendazim problem, of which major content can be divided into three points as follows:

 

Jiangsu Yangnong: net profit down by 15.2% YoY to USD32.1 million in H1 2016

Jiangsu Yangnong Chemical Group Co., Ltd. (Jiangsu Yangnong) released its H1 2016 financial figures:

²  Revenue: USD240.7 million, down by 11.5% YoY

²  Net profit: USD32.1 million, down by 15.2% YoY

 

Noposion transfers 35.0% shares of Changlong Agrochemicals for USD24.7 million

On 29 Aug., 2016, Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion) published a notice saying that it plans to transfer the 35.0% shares of that it holds in Jiangsu Changlong Agrochemicals Co., Ltd. (Changlong Agrochemicals) to Shenzhen Rongxin South Investment Co., Ltd. (Rongxin South, one of the shareholders of Noposion), with the price of USD24.7 million. By then, Noposion will have finished the ripping off the 35.0% shares of both Changlong Agrochemicals and Jiangsu Changlong Chemicals Co., Ltd.

 

Fengle Agrochemical newly builds three pesticide formulation production lines

On 20 Aug., 2016, Hefei Fengle Seed Co., Ltd. (Fengle Seed) published a notice saying that it approved the USD6.5 million of investment from its pesticide subsidiary, namely Anhui Fengle Agrochemical Co., Ltd. (Fengle Agrochemical), about the new building of three pesticide formulation production lines in the factory of the Feidong Circular Economic Park in Hefei City, Anhui Province.

 

CPCIA starts identification of environmentally-friendly EC products

On 29 Aug., 2016, the China Petroleum and Chemical Industry Federation (CPCIA) published a notice saying that to actively promote the green development of the petroleum and chemical industry and guide the use of green and environmentally-friendly solvents for pesticides, it decided to start the identification of environmentally-friendly EC products. Enterprises conforming to the conditions can apply for product identification, and the CPCIA will help them market.

 

Noposion: net profit down by 91.4% YoY to USD2.9 million in H1 2016

Shenzhen Noposion Agrochemical Co., Ltd. (Noposion, the largest pesticide formulations manufacturer in China) released its H1 2016 financial report. Specifically, it made the revenue of USD227.7 million, up by 4.2% YoY and net profit USD2.9 million, down by 91.4% YoY.

 

Jiangsu Flag’s IPO application has been approved

On 20 August, 2016, the China Securities Regulatory Commission (CSRC) announced the approval of the IPO (= initial public offering) application made by Jiangsu Flag Chemical Industry Co., Ltd. (Jiangsu Flag).

 

China exports 88,714 tonnes of glyphosate in May 2016, up by 36.5% YoY

According to statistics by Think Real, in May 2016, China’s export volume and value of glyphosate were 88,714 tonnes and USD188.5 million, which respectively increased by 36.5% and 15.2% year on year.

 

2016年5月中国草甘膦出口88,714吨,同比增长36.51%

根据Think Real统计,20165月中国草甘膦出口量和出口额分别为88,714吨和18,848万美元,比去年同期分别上涨36.51%15.23%