The world's two major agrochemical giants will open a new chapter in the Chinese

American Vanguard Corporation announced in October 2020 that its main operating subsidiary, AMVAC Chemical Corporation, has acquired Agrinos Group, the world's leading technology company in the field of biological crop inputs. After the completion of the acquisition, Akunes will serve as an important support for the American pioneer company to achieve the strategic goal of sustainable agriculture, and the Akunes brand and business operations will continue to maintain global operations.

American Pioneer Company was founded in 1969. The company is headquartered in California, USA. It is a global company listed on the New York Stock Exchange with annual sales of approximately US$500 million and nearly 700 employees worldwide. International business has already accounted for about 50% of the company's overall revenue. Although faced with the challenge of the epidemic in 2020, the company's international business has achieved growth over the same period in the third quarter.

American Pioneer Company has a rich product line and invests more than 9 million US dollars in global product registration every year. In addition to plant protection and gardening product lines, the company also has nutritional, biostimulant and precision agriculture (SIMPASS) product lines. American Pioneer will continue to provide international growers with comprehensive crop protection and nutrition solutions.

American Vanguard Corporation (AMVAC) operates six manufacturing plants worldwide, located in the United States, Costa Rica and Mexico. Carry out business activities in more than 20 countries around the world, and set up many branches in the Netherlands, Britain, Spain, Ukraine, Canada, Mexico, Costa Rica, Brazil, Colombia, Singapore, China, India, Singapore and other places.

The company has established its own global R&D center in California, USA, and has also acquired a series of plant protection products from BASF, Bayer, Dupont and other companies. Starting in 2017, through acquisitions including OHP, TyraTech, Agrinos and other companies, to enhance the core competitiveness in the innovative technology market such as biostimulants.

Mr. Lawrence Yu, head of the Asia-Pacific region of Pioneer Corporation of the United States, said: “As the main market for global agriculture, the Chinese market is also a strategic key market for Pioneer Corporation. The Chinese government attaches great importance to the development of agriculture, and has introduced many measures to ensure national food security and adjust and optimize agriculture The specific policies of the structure and sustainable development of agriculture have also been paid more and more attention, and the specific requirements of zero growth of pesticides and fertilizers and creating green water and clear mountains have been put forward.

Mr. Lawrence Yu pointed out: "These agricultural macro-policies and market dynamics are opportunities for American pioneer companies. After acquiring the Akunes Group, we have taken over the team, products and brands of Akunes in China. Business resources such as, customers, etc., are the solid foundation for our business development. We will maintain the stability of our existing staff, Akunes products, Akunes series brand and existing channel customers, and further build the Akunes brand Leading position in the field of biostimulants, and on this basis, by gradually introducing new product lines and new brands, including nutrition, biostimulants, and even precision agriculture products to further support and expand business in China .

We have ambitious goals for the Chinese market. Our investment in the Chinese market will only increase and will not decrease. Although it is only 2 months before the acquisition and the uncertainty of the epidemic still exists, we have already increased our staff in the Chinese market. Our confidence in the Chinese market is also the result of our internal high-efficiency culture. With the development of our business, we will continue to increase our investment in the Chinese market personnel and the market. We will be the strong backing of the Akunas China team. "

Mr. Wu Wenyan, Country Manager of Akunes China, said: “Aquinas’ intellectual property rights include nearly 50 issued patents and nearly 100 patents pending. At the same time, American Pioneer has many innovative technologies. Products. After the completion of the acquisition, our only change is to introduce more product lines from American Pioneer. I believe that the existing team will be able to carry out sustainable long-term cooperation with our customers and contribute to our global scale and capabilities. If we can, we will work with our Chinese partners to shape the future of China's green and efficient market."