Chinese agrochemical company Limin Chemical
has announced it would acquire 79.5 percent stake in Hebei Shuangji Chemical at a cost of 23,213 yuan.
Hebei Shuangji Chemical is one of the prime EBDC（ethylenebisdithiocarbomate）manufacturers in China. Its product portfolio covers fungicide and insecticide. Fungicide includes mancozeb, lime-sulfur, sulfur SC and ambam, while insecticide includes pymetrozine, imidacloprid, abamectin and emamectin.
The mancozeb capacity of Limin Chemical is ranked No. 1 in the industry with more than 50 percent market share. It is supplied to multinationals on a long-term contract basis and partially exported. Limin Chemical has set up subsidiaries in Tanzania and Kampuchea for product sales.
Hebei Shuangji Chemical has EBDC capacity of 10,000 tons per year. The acquisition will quickly increase the EBDC capacity of Limin Chemical and will benefit it by reducing the virulent price competition in the Chinese EBDC market. This will help prime EBDC manufacturers in China to strengthen their competitiveness in the international market. The acquisition will also enrich the insecticide product range of Limin Chemical.
Moreover, Hebei Shuangji Chemical owns about 40 registered technical and formulation products which are not covered by the existing product varieties of Limin Chemical. Thus the acquisition will enable Limin Chemical to obtain additional product registrations.
Limin Chemical also mentioned its intention to terminate the ethylenediamine production project.