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In April 2018, Hailir Pesticides and Chemicals Group (Hailir) announced its signing of an agreement to make investment. Reportedly, Hailir signed an Investment Letter of Intent with the Management Committee of Qingdao Xinhe Ecological & Chemical Sci-Tech Industrial Base, to invest USD318.7 million in Pingdu Xinhe Industrial Park to construct production projects involving environmentally friendly pesticide formulations.
On 5 Nov., 2017, Hailir Pesticides and Chemicals Group (Hailir) held a business strategy symposium with its key partners in Xi’an City, Shaanxi Province.
On 23 July, 2017, Qingdao Hailir Pesticides & Chemicals Co., Ltd. (Hailir) held a meeting, on which it made summaries about its businesses in the first half of 2017 and emphasized its strategies for them in the second half. The Chief of Hailir, Ge Jiacheng, said on the meeting that the company witnessed growth in its main businesses, the marketing center for its formulations was constructed and its subsidiary Qingdao Xiannong Chemical Herbicide Co., Ltd. was set up.
On 12 Jan., Hailir Pesticides and Chemicals Group Co., Ltd. (Hailir) held its IPO (Initial Public Offerings) ceremony on the Shanghai Stock Exchange with the code 603639. The company’s notice said that it plans to issue no more than 30 million shares, with the planned fund to raise valued USD97.6 million. Main investment targets are projects in relation to water-based formulations, water soluble fertilizers and expansion of R&D center.
On 20 November, 2016, Hailir Pesticides and Chemicals Group (Hailir) held the strategic seminar of key southern partners in Guilin City, Guangxi Zhuang Autonomous Region. In total, 100+ partners were present, jointly with the company, to discuss about the industry trend and Hailir’s development trend. Specifically, Shu Zhaobin, Hailir’s pesticide formulations marketing director showed his strong confidence in “becoming the No.1 pyraclostrobin technical and formulations manufacturer in China in the following three to five years”.