Overview:
The two years, namely 2009 and 2010 are definitely a tough time for domestic pesticide producers, but from other perspectives it may precisely generate opportunities for consolidation in the industry. A lot of investment behaviors have taken place in domestic pesticide industry recently.
Jiuding Capital, a top-tier equity investment company, has kept investing in pesticide companies in recent years. It announced recently that it has completed its investment in Huizhou Sino-Quick, becoming the fifth pesticide company that Jiuding Capital has invested in recent years.
Zhejiang Wynca, a leading glyphosate player in China, acquired 75% of stakes of Ningxia Sanxi to boost its competitiveness in herbicide industry and get into fungicide business as Ningxia Sanxi is one of the major carbendazim producers in China.
As for seed industry, Winall Hi-tech purchased 51% shares of Sichuan Zhufeng to develop three line hybrid rice business; Bayer CropScience entered into an agreement with OCRI to increase seed oil content and resistance against the fungal disease Sclerotinia of rapeseed.
With policy support from Chinese government, further consolidation is expected in both pesticide industry and seed industry in China.
Kunwu Jiuding Capital Co., Ltd (Jiuding Capital), a top-tier equity investment company, announces recently that it has completed its investment in Huizhou Sino-Quick Co., Ltd. (Huizhou Sino-Quick).
Zhejiang Wynca puts USD11.78 million into Ningxia Sanxi, holding dominant shares of the latter.
Jiangxi government buys USD23.49 million of pesticides from 10 pesticide companies and distributes them to rice peasants for free to safeguard late rice production in late Aug.
Winall Hi-tech is poised to purchase 51% shares of Sichuan Zhufeng.
Bayer CropScience and OCRI have entered into an agreement for rapeseed research.
Kingenta Fertilizer intends to get listed on Shenzhen Stock Exchange A share.
Pests and diseases seriously attack China’s main corn planting areas.
Jiangsu Yangnong witnesses revenue and net profit collapse in H1 2010.
Recently, Zhonghai Venture invests USD1.04 million in Beijing Ecoman.
Companies Mentioned
Huizhou Sino-Quick Co., Ltd.;Zhejiang Wynca Chemical Industry Group Co., Ltd.;Winall Hi-tech Seed Co., Ltd.
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