Indian agrochemicals giant UPL has announced plans to transfer its speciality chemicals business, including agrochemical active ingredient (AI) manufacturing to its wholly owned subsidiary UPL Speciality Chemicals. This is subject to shareholder approval and should be completed in three to four months.
The CABB Group has said that it will invest over €50 million by 2025 to expand facilities at its agrochemical manufacturing site in Kokkola, Finland. Eight new chemical reactors and a new packaging plant were commissioned in September, largely as a result of a long-term supply contract with a new customer from the crop protection industry. Further ‘double-digit millions’ investments are currently being made or in the pipeline.
Karan Chechi of ChemAnalyst looks at why demand is growing for a key alternative to agrochemicals
Agrochemicals such as pesticides, fertilisers and plant growth enhancers have played a crucial role over the last century. They allowed agricultural productivity to keep up with population growth and saved billions from starvation.
Mitsui Chemicals Agro, the agrochemicals subsidiary of Mitsui Chemicals, has agreed to acquire the agrochemicals business of its Japanese compatriot Meiji Seika Pharma. No financial details were disclosed, other than that the impact on total sales is expected to be minor.
The acquired business is based in Tokyo with a manufacturing subsidiary in Iwate and six branch offices, employing 110. It will be fully integrated into Mitsui Chemicals Agro. The company offers various formulations, including:
* Probenazole, the world’s first systemic acquired resistance type fungicide
Univar Solutions has reached an agreement to serve as Solvay’s first distribution partner for the agrochemical market in Brazil. This covers agrochemical defensives, adjuvants and fertilisers. It is the first time Solvay has named a distributor for this market in the country.
Azelis has acquired Spectrum Chemicals and Nortons Exim in India from the Mehta family on undisclosed terms. Both specialise in the distribution of speciality chemicals for home care, road markings, agrochemicals and other applications. Current owner Parindu Mehta will remain at the helm.
India's UPL, which is now the world’s fifth largest agrochemical firm, has announced the opening of its ‘OpenAg Centre’ in Research Triangle Park, North Carolina. The company has already begun recruiting the 30 agricultural scientists and technical staff who will staff it.