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Article: Domestic pesticide firms strive to deliver in challenging global pesticide market.(M & A, Business & Trade)(Industry overview)
- Article from:
- China Chemical Reporter
- Article date:
- September 16, 2009
- Author:
CopyrightCOPYRIGHT 2009 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By tracking Chinese listed pesticide firms' results for the first half of 2009, CCR found that the Chinese pesticide makers reported a reversed result compared with the strong growth in H1 of 2008 or the whole year of 2008 as they were influenced by the global economic turmoil and sluggish pesticide market as well as moderately-happened insect pest this year in China. Only four of the sixteen involved firms saw an annual profit growth (excluding subsidies), while the 11 firms posted a double-digits sales decrease from a year earlier.
Glyphosate business had ever brought a good profit margin to the domestic glyphosate makers in the first half of 2008, like Zhejiang ...