Jiangsu Changqing Agrochemical sales up 23% in 2013

Chinese agrochemical enterprise Jiangsu Changqing Agrochemical in sales recorded a 23.4% increase to Yuan 1.56 billion ( $251.0 million at the current rate) in 2013. Of which domestic sales rose 44.7% to Yuan 599 million($96.4 million at the current rate) ,accounting for 38% of the total sales; export improved 13.4% to Yuan 963 million($155.0 million at the current rate), representing for 62%.

The announcement has revealed a strong market demand for herbicide represented by fomesafen and the insecticide represented by imidacloprid. Since its Nantong Subsidiary was brought on stream in H2 2013, dicamba has been in a robust demand.

As regards to new product and patent development, the company has developed totally 23 new products and new technologies, supported by an R & D spending of Yuan 63.9 million($10.3 million), contributing to 4.1% of the business income. The company has currently obtained 11 invention patents and utility model patents while another 25 patents are being filed.

Jiangsu Changqing Agrochemical ranked No.19 among the Top 20 Chinese Agrochemical Enterprises of AGROPAGES 2012; the company is planning to achieve its business income of Yuan 1.88 billion($302.5 million at the current rate) in 2014, to be 20.17% up year on year.