Launched 3 years ago for the world's second largest generic manufacturer in Australia of new agricultural pesticide companies (NuFarm Limited, hereinafter referred to as the "new farmers") acquisition failed, and now, China National Chemical Corporation (the "China Chemical Industry") began launched for the world's largest manufacturer of generic pesticide Maxim Israel - Forrest Gump Company (MakhtEShim Agan Industries, hereinafter referred to as "MA") of the acquisition. It is estimated that the acquisition cost may be 19 billion U.S. dollars.
Why China's chemical generic pesticide manufacturers have added so popular?
China Chemical eager to "go out" the acquisition of generic pesticide companies, not out of energy companies like China, want to have more resources, but the needs of themselves and industry consolidation. MA is the world's largest generic pesticide manufacturers, mainly producing herbicides, fungicides and insecticides and other agricultural products, from Maxim (Makhteshim) and Forrest Gump (Agan) two companies merged in 1998. After that through a series of acquisitions to achieve rapid growth.
China Chemical gone the other way on the premise that research-based multinational pesticide companies will continue to give up some of the old varieties, to the generic pesticide companies the opportunity to enrich the product line.
China's pesticide industry itself from, China also needed to integrate chemical. "The rapid growth of the pesticide industry has been in the past." CITIC Securities analyst Liang Bin building that growth came from the last round of agricultural products [21.43 1.08%] prices, agricultural acreage has increased resistance to lead to increased drug use, killing promotion of pesticides and herbicides replaced, but the current herbicide has been large scale, and new varieties of short-term pesticide is difficult to appear, under normal weather conditions, pesticides, growth in demand is limited.
Original drug and the pesticide industry is divided into two major areas of preparation, which created the original drug can be classified as pesticides and generic pesticides. Currently, the field of pesticides has created a global "Big Six" (Bayer, Syngenta, Dow, BASF, Monsanto, DuPont), nearly 20 years has become the seeds and gene technology leader; and imitation Since 2000, the field of pesticides produced a so-called "four little dragons" (Israel MA, new rural Australia, India, the United phosphate, Nova Kemi, Denmark), gradually approaching the scale of "Big Six." Guoxin Securities, according to the chemical industry, chief analyst at Credit Risk Management introduced in recent years, "Four Little Dragons" on the one hand continue to strengthen the R & D in new product areas, on the other hand in the global buying spree of local distributors, value chain into the downstream channels of highend. "This will be the development direction of China's pesticide industry."
Why China's chemical generic pesticide manufacturers have added so popular?
China Chemical eager to "go out" the acquisition of generic pesticide companies, not out of energy companies like China, want to have more resources, but the needs of themselves and industry consolidation. MA is the world's largest generic pesticide manufacturers, mainly producing herbicides, fungicides and insecticides and other agricultural products, from Maxim (Makhteshim) and Forrest Gump (Agan) two companies merged in 1998. After that through a series of acquisitions to achieve rapid growth.
China Chemical gone the other way on the premise that research-based multinational pesticide companies will continue to give up some of the old varieties, to the generic pesticide companies the opportunity to enrich the product line.
China's pesticide industry itself from, China also needed to integrate chemical. "The rapid growth of the pesticide industry has been in the past." CITIC Securities analyst Liang Bin building that growth came from the last round of agricultural products [21.43 1.08%] prices, agricultural acreage has increased resistance to lead to increased drug use, killing promotion of pesticides and herbicides replaced, but the current herbicide has been large scale, and new varieties of short-term pesticide is difficult to appear, under normal weather conditions, pesticides, growth in demand is limited.
Original drug and the pesticide industry is divided into two major areas of preparation, which created the original drug can be classified as pesticides and generic pesticides. Currently, the field of pesticides has created a global "Big Six" (Bayer, Syngenta, Dow, BASF, Monsanto, DuPont), nearly 20 years has become the seeds and gene technology leader; and imitation Since 2000, the field of pesticides produced a so-called "four little dragons" (Israel MA, new rural Australia, India, the United phosphate, Nova Kemi, Denmark), gradually approaching the scale of "Big Six." Guoxin Securities, according to the chemical industry, chief analyst at Credit Risk Management introduced in recent years, "Four Little Dragons" on the one hand continue to strengthen the R & D in new product areas, on the other hand in the global buying spree of local distributors, value chain into the downstream channels of highend. "This will be the development direction of China's pesticide industry."
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