Pesticide Revenue of Syngenta Exceeds That of China Top 100 Players Summary: Crop Protection China News shows that total pesticide revenue in 2010 of the top 100 pesticide manufacturers in China can't even catch up with that of Syngenta in 2010. Tags: pesticide, pesticide player, pesticide enterprise, contract worker, pesticide market, Syngenta, pesticide manufacturer, production, consumption, export volume, Top 100 Pesticide Manufacturer
CCM International released the latest issue of Crop Protection China News on November 15, 2011. It shows that total pesticide revenue in 2010 of the top 100 pesticide manufacturers in China can't even catch up with that of Syngenta.
As we know, China's pesticide industry has witnessed great development in the past few decades, and lots of excellent pesticide enterprises has emerged in domestic pesticide market. As reported in CCM international’s last issue, China Top 100 Pesticide Manufacturers come out, ranking by company revenue.
However, the tragedy is that the total revenue of China’s top 100 pesticide manufacturers can not even catch up with that of Syngenta, a foreign pesticide giant. Total revenue of China’s top 100 pesticide companies reached USD7,803.62 million in 2010, while the pesticide revenue of Syngenta reached USD8,900 million with a growth rate of 3% over 2009.
"We are just long-term contract workers of foreign pesticide giants even though we think we are good enough," said Professor Zhang Yibing from Shanghai Pesticide Research Institute. Most pesticide players in China agree with Mr. Zhang’s point of view.
"We provide technical products with high quality to foreign pesticide giants but only gain little OEM (original equipment manufacturer) profit," said an insider from a listed pesticide manufacturer.
Actually, most of the pesticide manufacturers whose names appear on the top of the list have kept good relationships with foreign pesticide giants in recent years. For example, Zhejiang Wynca Chemical Industry Group Co., Ltd., Hubei Sanonda Co., Ltd., Jiangsu Changqing Agricultural Chemical Co., Ltd., etc. are the main pesticide suppliers of Bayer in China; Jiangsu Yangnong Chemical Co., Ltd., Nantong Jiangshan Agrochemical & Chemicals Co., Ltd., Jiangsu Huifeng Agrochemical Co., Ltd., etc. are the main pesticide suppliers of BASF in China.
The identity of long-term contract workers being labeled on domestic pesticide manufacturers hinders their development. Aiming to survive in domestic pesticide market and account for more market shares, most domestic pesticide enterprises are more inclined to the production of offpatent pesticides and OEM production for foreign pesticide enterprises. However, without the support from strong policies and more investment in pesticide R&D from Chinese government, it may still be a long way to go.
You might discover more details in Crop Protection China News 1121 with following headline news: -Anhui Guangxin's IPO application is rejected by China Securities Regulatory Commission (CSRC) on 2 Nov. 2011. -Anhui Huaxing releases its Q3 financial report of 2011, showing a deficit in this period. Simultaneously, it announces that it will receive a subsidy of about USD11.81 million from the local government. -Jiangsu Limin's application for environmental protection supervision submitted for IPO has been initially passed by the local government and is now waiting for the public notification. -Total pesticide revenue in 2010 of the top 100 pesticide manufacturers in China can't even catch up with that of Syngenta in 2010. It is a painful reality and a serious alert to domestic pesticide players and Chinese government. -China has laid great efforts to manage pesticide wastes problem and its cooperation with -German experts has started taking effect. -The Ministry of Agriculture is going to fully implement the designated sales of high toxic pesticides in key vegetable planting areas. -China's trade surplus of pesticide import and export in Jan. to Aug. 2011 reaches USD1,334.97 million, up 59.6% over the same period of 2010. -A new pesticide-fertilizer called fungicidal and yielding pesticide-fertilizer WG gets appraisal from experts thanks to its good performances in controlling rice diseases and stimulating growth. -More than 60% soybean processing enterprises in Heilongjiang Province suspend recently due to the difficulty of purchasing soybean and the intense market competition.
(Guangzhou China, November 17, 2011)
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Crop Protection China News shows that total pesticide revenue in 2010 of the top 100 pesticide manufacturers in China can't even catch up wi...