In May 2015, China witnessed a surge of asset
restructuring in pesticide industry, several pesticide enterprises reached
agreements in acquisition. Two noticeable cases was specified in this issue:
On 7 May, 2015, Zhejiang Yongtai Technology Co., Ltd.
announced to acquire 100% stake of Shanghai E-tong Chemical Co., Ltd., a stake
valued at USD31.06 million (RMB190 million). This more will speed up the
development of pesticide business and also a key step of extending downstream
industrial chain.
On 15 May, 2015, Jiangsu Lanfeng Biochemical Co.,
Ltd. revealed that it will acquire 100% stake of Shaanxi Ark Pharmaceutical
Co., Ltd. with USD192.92 million (RMB1.18 billion). This is conducive to
quickening the development of pesticide and pharmaceuticals businesses of the
former.
Asset restructuring is beneficial for the development
of pesticide industry: effectively extending industrial chain, optimizing
product structure, improving profitability, and enhancing competitiveness.
The USD/RMB exchange rate in this report is
USD1.00=RMB6.1165 on 4 May, 2015, sourced from the People's Bank of China. All
the prices mentioned in this report will include the VAT unless otherwise
specified.
On 7 May, 2015, the CCPIA issued the ranking of
Chinese crop protection brand by sales (2014). Generally, the sales performance
of Chinese crop protection brand was satisfactory in 2014, especially for the
traditional products. Some new products were listed the ranking, but the
proportion was far less than the traditional ones.
In recent years, there's an increased demand for
carbendazim, under the background of enlarging planting areas of industrial
crops, new mixed formulations launched and fast development of SD (Seed
Dressing). Additionally, carbendazim presents huge market potential in China,
with global warning aggravating the occurrence of crop diseases.
As the patent of pyraclostrobin is to expire in
China, industry insiders predicted a surge in pyraclostrobin registration.
According to ICAMA, as of May 2015, approximately 500 pyraclostrobin products
have applied for field trials.
On 13 May, 2015, Guangxin Agrochemical officially
went listed in Shanghai Stock Exchange. This will facilitate the company’s
long-term development.
Yongtai Technology intends to acquire 100% stake of
Shanghai E-tong on 7 May, 2015, a stake valued at USD31.06 million (RMB190
million). This will speed up the development of pesticide business and also a
key step of extending downstream industrial chain.
On 15 May, 2015, Lanfeng Biochemical intended to acquire
100% stake of Ark Pharmaceutical with USD192.92 million (RMB1.18 billion). This
move will speed up the development of pesticide and pharmaceuticals businesses
of Lanfeng Biochemical.
Along with the gradual yearly increase in crop
diseases, weeds and pests, the consumption of pesticides is rising
correspondingly. Under such circumstance, many places are actively formulating
schemes suitable for their own circumstances in order to reduce pesticide
application. In these plans, the goal is to eventually achieve zero growth
before achieving reductions to the overall application.
In April 2015, 6 fungicide TC were registered in
China. Of this, active ingredient fluorine azole activated ester was firstly
registered in China, according to the ICAMA
In 2014, China's export volume of tebuconazole
technical increased by 14.77% year on year. Meanwhile, the export volume of
tebuconazole formulations was up by 31.73% year on year.
In Q1 2015, China's export volume of difenoconazole
technical decreased by 19.79% year on year, while, China's export volume of
azoxystrobin technical increased by 63.12% year on year.
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