China agrochemical industry weekly(0526)

NTAAC will spend ¥110 million to acquire Baoling Chemical

On the evening of May 22, NTAAC(SH603968) announced that the company and its related party Nantong Tianshun Investment planned to buy 73.53% shares of Jiangsu Baoling Chemical in cash. The transaction consideration was ￥109 million.

Corteva registered Vessarya in Brazil for the control of soybean anthracnose

Corteva recently expressed that it has obtained registration for Vessarya （Picoxystrobin+Benzovindiflupyr）， a fungicide, to control the high incidence of soybean anthracnose in Brazilian crops.

BASF launches Sistiva, a fungicide(Fluxapyroxad), in Brazil

Basf recently launched Sistiva(Fluxapyroxad), a fungicide used to treat wheat seeds, in Brazil. The product has a new concept in disease management and will play a role in the Brazilian wheat market.

Koppert is launching a new generation of biocides called Mycotal that will enhance its effectiveness and extend its shelf life

 Koppert’s professional research team has continuously optimized its microbial product line and production process, enhanced the effectiveness of the biocide Mycotal, and extended the shelf life of products to ensure that growers benefit from the best quality and performance biological plant protection solutions.

NeoAgro: The 20 thousand tons of green and environmental protection formulations project is progressing

The company expressed  in a recent investor survey that pesticide demand is resilient in the long term. With the continuous upgrading of the variety structure of pesticides, it is expected that the market size will maintain a stable growth.

CORECHEM invested ￥120 million to build a technical renovation project of 2,000 t/a pesticide formulation

Recently, the Bureau of Ecological Environment of Huai 'an City released the EIA approval opinions of CORECHEM 's annual output of 12,000 tons of pesticide formulation technical renovation project.

UPL introduces SHENZI™700 WG and SHENZI™400 SC in the North American market

UPL recently introduced the Chlorantraniliprole  insecticides SHENZI™700 WG and SHENZI™400 SC to the North American market.

Bayer’s (India) reported revenue of Rs 9,825 crore in Q4. Overall revenue increased by 9% in 2022-23

Bayer India has announced its results for the financial year (FY) and fourth quarterended March 31, 2023. Revenue for the 2022-23 financial year was Rs 51,397 crore (about 4.38 billion yuan) compared to Rs 473,444 crore last year, representing an overall revenue growth of 9%. Profit before special items and pre-tax was Rs 8863 crore compared to Rs 7883 crore last year, up 12%. Pre-tax profit (excluding exceptional items) rose 17% to 9.901 billion rupees from 8.468 billion rupees

The environmental assessment of 2500t herbicide intermediate project was published

On May 24, Jilin Pingji’s 2500t pesticide intermediate project (phase I ) environmental impact report published on the Jilin Provincial Department of Ecological Environment website.