Herbicicdes China News 1109 - Annual Subscription

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Oct 13, 2011, 07:21 ET

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Welcome to Aug. issue of Herbicides China News published by CCM International, a professional consulting company who has been extensively and intently focusing on dynamics of China's herbicide industry.

Recently, capital operation in Chinese pesticide companies appears frequently while semi-annual performance of many agrochemical companies is being showed, someone smile and someone cry. It's noteworthy that Shandong Qiaochang also joined the queue of potential companies to get listed, even though the ambitious listing plan by reorganizing a real estate company, Shanghai Fenghwa Group Co., Ltd. (SFH), was forced to suspend due to the Chinese government's macro regulation on real estate this year.

According to SFH's bulletin, the assets exchange and stock issue was planned between Shandong Qiaochang and SFH. By this way, Shandong Qiaochang can get listed at a fast pace. It can be detected in this deal that company reorganization between different industries becomes a new M&A mode in Chinese pesticide industry.

In a review of previous attractive M&A cases in Chinese pesticide industry, take Fujian Sannong's acquisition by Fujian Taihe Investment Co., Ltd. for example, the similarity is also observed. Whatever the dominance or shortcomings will be encountered in these cases, new attempt and investment are being achieved indeed. And CCM International will keep watching this dynamics.

Jiangsu Changqing witnessed increase of 10.04% and 31.44% year on year in total revenue and net profit to USD77.40 million and USD9.96 million respectively in H1 2011.

Jiangsu Huifeng slowed its performance down during the first six months of 2011.

Sanonda's net profit jumped by 58.6% year on year to USD3.07 million in H1 2011.

Shandong Qiaochang's listing plan by reorganizing towards SFH is put off.

Jiangsu Changqing plans to establish a new production base and a new subsidiary in Yangkou Chemical Park of Rudong County, Nantong City.

Taihe Group (Fujian Sannong) modified its commercial registration to be a real estate company.

Worries about paraquat prospect is aroused in Chinese herbicide market due to its fatal poisoning trait.

Florasulam meets relatively blank market in China nowadays.

Pesticide marketing still see flagging in China due to the limited marketing influence on terminal consumers.

Diflufenican market share in China still keeps relatively small nowadays.

Fengshan Group will launch a new 5,000t/a trifluralin technical production line in Sept. 2011.

Tangshan Chenhong can supply pyridine products now.

China's herbicide export volume and value reached 136,000 tonnes and USD348 million respectively in Q2 2011, witnessing increase over the corresponding period of 2010.

Influence of Pesticide Industry Policy on Chinese pesticide market witnesses growth, according to CCM International's questionnaire survey.

In the past twelve months (Aug. 2010 –Aug. 2011), Chinese metolachlor technical price saw sharp fluctuation.

Jiangsu Changqing maintains performance increase in H1 2011

Jiangsu Huifeng slows its performance down in H1 2011

Sanonda sees increase of 58.6% in net profit in H1 2011

Jiangsu Changqing plans new production base in Nantong City

Shandong Qiaochang puts off listing plan

"Fujian Sannong" substituted by new name

Worries about paraquat aroused in China

Florasulam meets blank market in China

Poor pesticide marketing in China

Diflufenican maintains weak domestic market