NEW YORK, Jan. 11, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
http://www.reportlinker.com/p0358378/Fungicides-China-News-1011.html
After Chinese government making it clear in Pesticide Industry Policy that it plans to enhance merger and acquisition in domestic pesticide industry in the forthcoming years in a bid to foster some leading pesticide companies, merger and acquisition has become the hot spot in domestic pesticide industry.
On 7 Dec., Redsun releases a notice saying that its proposal to buy pesticide-related assets from NFP Group has been approved by the government, calling an end to its over two-year long-lasting reorganization. The reorganization will greatly enhance Redsun's competitiveness in domestic pesticide market.
It is believed that Redsun's reorganization is just the beginning, and more mergers and acquisitions are expected.
However, for domestic pesticide companies it is not only an opportunity, but challenge as well. There are other concerns, for example, the insurances of safety in production.
On 8 Dec., heavy fire attacked Shandong Zhongshi, a major acetochlor producer in China. Although the fire has been put out, Shandong Zhongshi's pesticide production is heavily hit.
Trainings on safety in production shall be carried out in pesticide companies to avoid major accidents in pesticide production.
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Nicolas Bombourg
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SOURCE Reportlinker
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