Crop Protection China News 1201 (12 issues per year)
|Published: January, 2012
Price: US $3,564
As one of the most popular herbicides in China, 10% glyphosate SL has ever accounted for 20% of the total herbicide market and over 70% of the domestic glyphosate market before 2009. Its retreat from domestic market will definitely leave a large market share for other glyphosate formulations, such as glyphosate 30% SP, glyphosate 30% SL (ammonium salt), glyphosate 41% IPA, glyphosate ammonium 50% SP, 65% SP, 74.7% SG, 75.7% SG, and 77.7% SG, etc. Other herbicides, such as paraquat and glufosinate, will also benefit from the retreat of 10% glyphosate SL.
China has retreated10% glyphosate SL from domestic market since 1 Jan., 2012, which will leave a large market share for other glyphosate formulations and herbicides.
Hubei Sanonda predicts that its net profit in 2011 reaches about USD9.37 million-USD7.5 million, up 100% to 150% over 2010.
China issued Foreign Direct Investment Industry Guidelines (2011) on 24 Dec., 2011, aiming to better guide the investment of foreign capital in China.
MIIT released the third approved list of pesticide enterprises on 25 Dec., 2011, and three enterprises were approved to increase their production of specific pesticides.
On 31 Dec., 2011, Hebei Veyong announced that it plans to relocate its pesticide production base to Shijiazhuang City from May 2012.
On 30 Dec., 2011, some pesticide companies are approved by the Science Technology Department of Zhejiang Province to pass the review of high-tech enterprise confirmation.
Ten new POPs including five kinds of pesticides have been added into the amendment of Stockholm Convention, which was submitted to the State Council in 2011.
In 2011, there were eight main M&A cases that took place in domestic pesticide industry, and most of them happened among listed pesticide companies and non-listed ones.
From Jan. to Nov., 2011, China imported 49.14 million tonnes of oil seeds and 6.92 million tonnes of edible vegetable oil, down 4.4% and 5.3% respectively compared with that at the same period of 2010.
10% glyphosate SL retreats from Chinese market
Hubei Sanonda predicts net profit in 2011 to up 100%-150%
New policy to better guide foreign investment released
Three pesticide enterprises’ production of new products approved by MIIT
Hebei Veyong to relocate pesticide base
Some pesticide companies in Zhejiang approved to enjoy tax break
China may accept amendment of Stockholm Convention
Main M&A cases in pesticide industry, 2011
China’s import volume of oil declines in Jan.-Nov., 2011
Zhejiang Wynca Chemical Industry Group Co., Ltd. Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. Hubei Sanonda Co., Ltd., Shanghai Huayi Group Huayuan Chemical Industry Co., Ltd. Lianshui Pioneer Chemical Co., Ltd. Nanlong (Lianyungang) Chemical Co., Ltd. Hebei Veyong Bio-Chemical Co., Ltd. Zhejiang Wynca Chemical Industry Group Co., Ltd., Zhejiang Shenghua Biok Biology Co., Ltd., Lianhe Chemical Technology Co., Ltd. Zhejiang Qianjiang Biochemical Co., Ltd., Shandong Huayang Technology Co., Ltd. Shandong Dacheng Pesticide Co., Ltd. Lianhe Chemical Technology Co., Ltd.