2014-01-24 13:41:01 - Herbicides China News 1309 - a new market research report on companiesandmarkets.com
In Aug. 2013, most domestic listed agrochemical enterprises announced their 2013 semi-annual reports, showing that most of them enjoyed satisfactory year-on-year growth in revenue and net profit in H1 2013. For instance, both Huapont-Nutrichem and Lier Chemical performed well in H1 2013.
Besides, Noposion with good performance in H1 2013 is planning to cooperate with Makhteshim Agan to further develop its AK business. However, in the first half of 2013, China´s pesticide intermediates industry still suffered from falling profit. It can be illustrated by the declining gross margins of the four leading pesticide intermediate manufacturers in China: ABA Chem, Zhejiang Yongtai, Lianhe Technology and Jiangsu JJJ.
On the whole, China´s herbicide industry recovers gradually this year, supported by the increase in
herbicide output and exports. In the first seven months of this year, the cumulative output of herbicides technical was 1,061,966 tonnes with a year-on-year growth of 13.60%. In addition, China has exported 489,500 tonnes of herbicides and the export value of it reached USD1.46 billion in this period, increasing by 33.4% and 45.9% year-on-year respectively.
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