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 ...

Chinese publicly listed group Chongqing Huapont Pharm has acquired a 7.5% stake in Brazilian agricultural inputs business CCAB Agro (Sao Paulo) for $20 million. CCAB Agro mainly markets pesticides and is composed of 16 farmer co-operatives in five major agricultural states. It is part of holding company CCAB Participações. The company was formed in 2007 with the goal of gaining registrations of generic pesticides that could be sold among its associates. It has a “strong pipeline of existing and ...

Chinese chemical company Shanxi Thompson Biotechnology has entered into a merger with the Chinese agrochemical company, Shaanxi Hanzhong chemical pesticide. The latter company, which has a registered capital of Yuan 2 million ($300,000), will be amalgamated into Shanxi Thompson Biotechnology, which has a registered capital of Yuan 10.1 million ($1.6 million), and whose name will not change. Both companies are manufacturers of pesticide formulations. This is the third Chinese pesticide company ...