CYNDA: will take measures to cope with the price decline of Clethodim

What measures can the company take to ensure stable performance expectations this year, given the sharp decline in prices of herbicides such as Clethodim? , CYNDA recently replied that the company has taken a series of measures in view of the falling prices of Clethodim and other herbicides, mainly including:

1: Continuous production to ensure product cost advantage;

2: Use the advantage of active drug production capacity to expand the sales of related formulation products;

3: Strengthen expense control and reduce cost;

4:Accelerate the launch of new products and increase new profit growth points.

Clethodim is a CHD herbicide, which has the characteristics of high herbicidal activity, safety, low toxicity and environmental friendliness. As a treatment agent for stem and leaf, Clethodim has special effects on most grass weeds, such as setaria, eleusine indica, matan, and can be used to weed broadleaf crops, such as soybean, rape, cotton, peanut. Clethodim is one of the main varieties of dryland herbicides. In recent years, with the continuous release of market demand, the market scale of Clethodim has gradually expanded

 It is understood that CYNDA has many years of experience in the production and sales of Clethodim, built the advantages of production technology, brand competitiveness and channel barriers. In 2020, Liaoning CYNDA, a subsidiary of CYNDA, resumed trial production of 3000 t/a of Clethodim. The company integrated internal resources to guarantee trial production. In December 2021, CYNDA announced that its wholly-owned subsidiary Liaoning CYNDA, with an annual output of 5,000 tons of Clethodim, had completed the main construction of the project, equipment installation and commissioning, and the pilot production plan had passed the expert review and met the conditions for trial production, and the project entered the trial production stage. Shandong CYNDA said that the operation of the project will expand the company's production scale, conducive to improving production capacity, market competitiveness and profitability, and will have a positive impact on the company's future operating performance.