China agrochemical industry weekly(1117)

Syngenta :IPO will delayed until the end of next year

Syngenta expressed that due to weak market conditions, the company will not be listed on the main market in Shanghai this year; This is the second time in years that the company has postponed an IPO. Syngenta said it still planned to complete its $10 billion IPO, but now expects it to be more likely by the end of next year. Syngenta said it was also exploring "alternative approaches" to expand its shareholder base.

Sipcam Nichino launches Torino (Fluazinam + Thiophanate-Methyl), a seed treatment fungicide 

 Recently, Brazil’s Sipcam Nichino has launched Torino, a seed treatment fungicide with active ingredients of Fluazinam and Thiophanate-Methyl, to protect crops from soil fungi and improve the germination potential of crops, which is recommended for irrigation of rice, beans, corn, soybeans and wheat crops. At present, Torino seed treatment agent is registered.

Yangnong: the acaricide Bisulflufen obtained the ISO name provisional approval

 In November 2023, the common name of Bisulflufen, a variety created by Jiangsu Yangnong, was temporarily approved by ISO/TC81, and will be formally approved after the expiry of 6 months of publicity.

Feng run tong plans to build 6500 tons of fine chemical intermediates production projects such as Metamifop and Tembotrione.

Recently, Tai 'an City Ecological Environment Bureau on Shandong Feng run tong New Materials Co., Ltd’s 6500 t/a of fine chemical intermediates production project (Phase I) carried out environmental assessment publicity. Shandong Fengruntong New Materials Co., Ltd. intends to invest 320 million yuan to build an annual output of 6500 tons of fine chemical intermediates production project in the existing factory.

Shengjinyuan: a project with 5000 t/a of Thiamethoxam and Clothianidin is to be located in Gansu

Recently, Gansu Shengjinyuan’s 7,600 t/a of pesticide technical project environmental impact assessment document technology assessment acceptance situation was publicized in the relevant website.

Shandong A&Fine plans to expand the technical project of 2000 t/a Chlorfenapyr

Recently, Weifang Shuangxing's of 2000 t/a Chlorfenapyr technical transformation project environmental impact assessment was published on the relevant website before approval.

Qianjiang Biochemical plans to invest ¥255 million to build an industrial 

In order to further broaden financing channels and improve financing structure, Qianjiang Biochemical announced on the evening of November 16 that the proposed non-public issuance of corporate bonds will not exceed 600 million yuan to supplement working capital, repay the company's maturing debt, project construction and other purposes permitted by laws and regulations, and the term of the corporate bonds issued this time will not exceed 5 years (including 5 years).

AutoPak and Elders joint venture to build a new agrochemical plant with 200 t/a pesticides

AgCrest, a joint venture of AutoPak and Elders, has received approval to build a large-scale agrochemical production and distribution facility in Toowoomba. The facility will significantly increase domestic chemical production to secure supplies for the agricultural industry in Southern Queensland and Northern New South Wales and is expected to produce 200 tonnes of chemicals a year, including pesticides such as herbicides and fungicides.