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.
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.
Indian agrochemicals firm UPL has completed the acquisition of Arysta LifeScince from the Florida-based speciality chemicals conglomerate Platform Specialty Products, in a $4.2 billion deal that was signed in July 2018. This followed the last regulatory approvals.