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11 March 2010

The six leading agrochemical majors saw a reversal of fortunes in 2009 after the strong sales growth of the previous two years. All posted revenue declines in dollar terms last year, with the exception of BASF , which recorded a slight increase. Bayer CropScience posted slight growth in euro terms but it was generally a downbeat year. Most companies saw some growth in the fourth quarter, thereby partly offsetting earlier declines. Syngenta held its place at the head of Agrow’s dollar-based ...

 
11 March 2010

The six leading agrochemical majors saw a reversal of fortunes in 2009 after the strong sales growth of the previous two years. All posted revenue declines in dollar terms last year, with the exception of BASF , which recorded a slight increase. Bayer CropScience posted slight growth in euro terms but it was generally a downbeat year. Most companies saw some growth in the fourth quarter, thereby partly offsetting earlier declines. Syngenta held its place at the head of Agrow’s dollar-based ...

11 March 2010

Indian agrochemical company Excel Crop Care (Mumbai) recorded a 28.6% rise in sales to Rs 1,377.3 million ($29.8 million at the current rate) in the three months ended December 31st 2009. This came after a 36.2% revenue drop in the second quarter of fiscal 2009-10 (Agrow No 582, p 5). Net profit for the third quarter was Rs 58.6 million ($1.3 million) compared with a loss in the corresponding quarter of the previous fiscal year. Nine-month sales dropped 15.1% to Rs 4,992 million, whereas net ...

 
08 March 2010

BASF Plant Science has broadened its licence to use French biotechnology company Cellectis’ (Paris) proprietary meganuclease technology. The agreement extends the licence signed by Cellectis and BASF in January 2006. That came about after BASF’s evaluation of the technology for three years following a 2003 deal (Agrow No 425, p 7). Under the non-exclusive licence, BASF will use meganucleases engineered by Cellectis to make targeted modifications of plant genomes. Financial terms and conditions ...

04 March 2010

Nufarm ’s shareholders have approved Sumitomo Chemical ’s bid to acquire a 20% stake in the business at Aus$14 (US$12.60 at the current rate) per share. The vote was taken at an extraordinary general meeting (EGM) on March 2nd. Sumitomo’s board of directors approved the deal in late January (Agrow No 585, p 2) after Nufarm rejected an acquisition bid by Sinochem in December (Agrow No 583, p 2). Nufarm’s management recommended shareholders to approve the move because the relationship with ...

 
22 February 2010

Belgian agrochemical company Agriphar (Ougree) has agreed to acquire Greek company Geopharm (Athens). Geopharm is a leading pesticide distributor in Greece, Agriphar says. It has a formulation facility, several repacking lines and warehouses across the country. Geopharm will maintain its management team. Agriphar chief executive officer Dirk Barrie and managing director Georges Neumann welcome the deal. “This acquisition fits with Agriphar’s strategic plan to focus on growth potentials ...

11 February 2010

United Phosphorus’ seed business, Advanta India, has acquired the US sorghum seed company, Crosbyton Seed (Crosbyton,Texas). The purchase was made through Advanta’s US subsidiary, Advanta US (Hereford, Texas), for an undisclosed amount. Advanta purchased US sorghum seed company Garrison and Townsend in 2008 (Agrow No 541, p 1).

 
09 March 2010

Monsanto has marked the completion of a $200 million expansion to its US Roundup (glyphosate) herbicide manufacturing plant in Luling, Louisiana. The near two-year project began in April 2008 (Agrow No 541, p 1). The process improvements were aimed at increasing production capacity by 20% and reducing emissions. All of the Roundup sold in the US is produced at Luling or at Monsanto’s plant in Muscatine, Iowa, the company points out.

08 March 2010

Dow AgroSciences is investing more than $340 million in the expansion of its US global headquarters in Indianapolis, Indiana. It plans to construct a 175,000 sq ft (16,260 m 2 ) research and development building and a 14,000 sq ft greenhouse at the site. The expansion will involve the creation of over 550 scientific and commercial jobs over the next five years, the company points out. Last year, it leased an 80,000 sq ft building on a nearby campus to provide research space for some 100 ...

 
11 February 2010
Sanjiv Rana

Partho Lahiri comes across as quite adept at handling varied roles. Wearing the cap of president of CropLife India, he can expound on the macro issues confronting Indian agriculture and the crop protection industry. In the next breath, the chairman and managing director of Isagro Asia has the ...

 
 
02 March 2010
Insecticides took the lead in January with 32 patents out of 98. In addition to fungicides (22), herbicides (28) and combined fungicide/insecticide products (8), there were five patents related to plant growth regulators (PGRs). More than half the patents published were for mixtures, with a ...
15 January 2010

Declining sales hit Latin America’s crop protection market in the face of the world’s financial meltdown, dented agricultural commodity prices, currency factors and severe weather conditions. Credit fears in Brazil were largely overcome but currency weakness there and drought in Argentina impacted ...

15 January 2010

Agform (UK) and Rotam (China) signed an exclusive deal for Rotam to distribute Agform’s products. Arysta LifeScience entered into a 20-year global licensing deal for Plant Impact’s (UK) essential oil-based insecticide, BugOil. Arysta LifeScience licensed its cereal herbicide, ...

15 January 2010

The long debated, much dreaded new EU rules governing the registration and use of agrochemicals finally fell into place in 2009. The development of the new registration Regulation has been quite tortuous over the last few years, but unlike 2008, the debate over the sagacity of the rules in 2009 was ...

 

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