Trusted Market and Commodities-Trade Intelligence
According to report from Jiangsu Agricultural Technology Paper, the Israeli company ADAMA has started to target the Chinese market. Starting from 2016, it started the operation of the Jiangsu market. In a short time, it has made remarkable sales performance with its focus on the needs from growers and different markets.
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.
According to the Announcement about Key Assets Reorganisation released by the company, Hubei Sanonda Co., Ltd. (Sanonda) planned to unveil information about key assets reorganisation before 4 August, 2016. Specifically, the assets involved this time are ADAMA Agricultural Solutions Ltd. (ADAMA) based in Israel under China National Chemical Corporation (ChemChina), controlling shareholder of Sanonda. “ADAMA’s crop protection business and our business are strongly complemented,” stated Sanonda. This is an indication that ChemChina will acquire ADAMA completely, and further will merge Sanonda with ADAMA, to accelerate ADAMA’s penetration into the Chinese market.