Lewes, DE -- (SBWIRE) -- 06/19/2015 -- In May 2015, China witnessed a surge of asset restructuring in pesticide industry, several pesticide enterprises reached agreements in acquisition. Two noticeable cases was specified in this issue:

On 7 May, 2015, Zhejiang Yongtai Technology Co., Ltd. announced to acquire 100% stake of Shanghai E-tong Chemical Co., Ltd., a stake valued at USD31.06 million (RMB190 million). This more will speed up the development of pesticide business and also a key step of extending downstream industrial chain.

On 15 May, 2015, Jiangsu Lanfeng Biochemical Co., Ltd. revealed that it will acquire 100% stake of Shaanxi Ark Pharmaceutical Co., Ltd. with USD192.92 million (RMB1.18 billion). This is conducive to quickening the development of pesticide and pharmaceuticals businesses of the former.

Asset restructuring is beneficial for the development of pesticide industry: effectively extending industrial chain, optimizing product structure, improving profitability, and enhancing competitiveness.

The USD/RMB exchange rate in this report is USD1.00=RMB6.1165 on 4 May, 2015, sourced from the People's Bank of China. All the prices mentioned in this report will include the VAT unless otherwise specified.

On 7 May, 2015, the CCPIA issued the ranking of Chinese crop protection brand by sales (2014). Generally, the sales performance of Chinese crop protection brand was satisfactory in 2014, especially for the traditional products. Some new products were listed the ranking, but the proportion was far less than the traditional ones.

In recent years, there's an increased demand for carbendazim, under the background of enlarging planting areas of industrial crops, new mixed formulations launched and fast development of SD (Seed Dressing). Additionally, carbendazim presents huge market potential in China, with global warning aggravating the occurrence of crop diseases.

As the patent of pyraclostrobin is to expire in China, industry insiders predicted a surge in pyraclostrobin registration. According to ICAMA, as of May 2015, approximately 500 pyraclostrobin products have applied for field trials.

On 13 May, 2015, Guangxin Agrochemical officially went listed in Shanghai Stock Exchange. This will facilitate the company's long-term development.

Yongtai Technology intends to acquire 100% stake of Shanghai E-tong on 7 May, 2015, a stake valued at USD31.06 million (RMB190 million). This will speed up the development of pesticide business and also a key step of extending downstream industrial chain.

On 15 May, 2015, Lanfeng Biochemical intended to acquire 100% stake of Ark Pharmaceutical with USD192.92 million (RMB1.18 billion). This move will speed up the development of pesticide and pharmaceuticals businesses of Lanfeng Biochemical.

Along with the gradual yearly increase in crop diseases, weeds and pests, the consumption of pesticides is rising correspondingly. Under such circumstance, many places are actively formulating schemes suitable for their own circumstances in order to reduce pesticide application. In these plans, the goal is to eventually achieve zero growth before achieving reductions to the overall application.

In April 2015, 6 fungicide TC were registered in China. Of this, active ingredient fluorine azole activated ester was firstly registered in China, according to the ICAMA

In 2014, China's export volume of tebuconazole technical increased by 14.77% year on year. Meanwhile, the export volume of tebuconazole formulations was up by 31.73% year on year.

In Q1 2015, China's export volume of difenoconazole technical decreased by 19.79% year on year, while, China's export volume of azoxystrobin technical increased by 63.12% year on year.

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