United Phosphorus recorded an increase of 63.1% in agrochemical sales to Rs 17,013 million ($333 million at the current rate) in its third quarter ended December 31st 2011. Agrochemicals accounted for some 91% of the company's total sales of Rs 18,717 million ($367 million), which grew by 57.4%. Domestic sales accounted for a fifth of total revenues. Profit after tax on all sales was up by 62.8% to Rs 1,340 million ($26 million). Nine-month agrochemical sales grew by 43.7% to Rs 48,268 million ...

United Phosphorus recorded an increase of 63.1% in agrochemical sales to Rs 17,013 million ($333 million at the current rate) in its third quarter ended December 31st 2011. Agrochemicals accounted for some 91% of the company's total sales of Rs 18,717 million ($367 million), which grew by 57.4%. Domestic sales accounted for a fifth of total revenues. Profit after tax on all sales was up by 62.8% to Rs 1,340 million ($26 million). Nine-month agrochemical sales grew by 43.7% to Rs 48,268 million ...

Indian agrochemical company Excel Crop Care (Mumbai)was able to stem the decline suffered in the first two quarters of its current fiscal year by recording an 8.4% rise in revenues to Rs 1,669.8 million ($32.7 million at the current rate) in its third quarter ended December 31st 2011. The company was forced to suspend production and sales of the insecticide/acaricide, endosulfan, by an Indian Supreme Court ruling in May (Agrow No 616, p 23). The active ingredient normally accounted for a third ...

Syngenta has decided not to commercialise Canadian company Innovotech’s (Edmonton, Alberta) bactericidal seed treatment, Agress (oxysilver nitrate). Syngenta agreed to conduct North American trials with the seed treatment last year (Agrow No 588, p 3). Innovotech is disappointed that Syngenta has decided not pursue its “right of first refusal”, but looks forward to working with other companies that have expressed interest in the product. “Agress continues to show excellent results in recently ...

The Belgian Tessenderlo Group’s US subsidiary, Tessenderlo Kerley Inc (TKI - Phoenix, Arizona), has acquired the global crop protection assets of Bayer CropScience’s carbaryl insecticide/acaricide business for an undisclosed amount. Bayer has retained the non-crop carbaryl business. Carbaryl is marketed under the Sevin brand and associated trade marks in 40 countries. It is used for broad-spectrum pest control on tree fruits, nuts, vegetables and other crops. The acquisition covers trade ...

Bayer CropScience has filed another US lawsuit against Dow AgroSciences over alleged patent infringement involving herbicide tolerance in genetically modified crops. The latest suit accuses Dow of “unauthorised use” of Bayer patents related to glufosinate tolerance technology. It was filed in the US District Court for the Eastern District of Virginia this month. Bayer is seeking a permanent injunction against Dow’s use of the technology. Bayer has filed two previous lawsuits against Dow over ...

A US court has ruled that fipronil-based insecticides marketed by Makhteshim Agan North America (MANA) and its affiliate, Control Solutions, do not infringe BASF or Bayer CropScience patents. The US District Court for the Middle District of North Carolina granted a motion for summary judgement this month. BASF and Bayer filed a lawsuit against MANA and Control Solutions in April 2010 over “imminent infringement” of patents relating to the manufacture of fipronil (Agrow No 589, p 2). The ...

Sumitomo Chemical has merged its three Indian subsidiaries, Sumitomo Chemical India, SC Enviro Agro India, and New Chemi Industries, to establish a new company under the name Sumitomo Chemical India (SCI - Mumbai). The reorganisation will enable the company to strengthen its business foundation in India and accelerate the mobilising of a host of its available business resources more efficiently, it says. Sumitomo acquired New Chemi in December last year (Agrow No 607, p 4). New Chemi had sales ...

Indian agrochemical and fertiliser company Coromandel International (Secunderabad) has acquired a 67.75% stake in Indian agrochemical company Sabero Organics (Mumbai). That includes Sabero promoters’ stake of 36.75% and 31% of Sabero’s shares purchased from the open market at a price of Rs 160 ($2.9) per share. Coromandel started the process in May when it signed a definitive agreement with Sabero promoters (Agrow No 619, p 7). Coromandel is a strong player in the domestic formulations market ...

BASF has increased the combined peak annual sales potential of its range of new active ingredients by €400 million ($518 million at the current rate) to €2,800 million ($3,625 million). The upward revision comes mainly through a €300 million ($388 million) rise in the peak annual potential for the fungicide, pyraclostrobin (trade-marked as F 500), which has been moved up to €1,000 million ($1,295 million). In addition, several projects from early research have been promoted to development ...

Sumitomo Chemical’s US biopesticide and biorational products subsidiary, Valent BioSciences (Libertyville, Illinois), held an event in Osage, Iowa this month to invite sub-contractors to bid for work in the construction of its $146 million fermentation facility. That followed the granting of a building permit on January 3rd. Ground-breaking is scheduled to start on March 16th, with construction taking another two years. The plant is due to come on stream in mid-2014. The Osage facility will be ...