nav Searchuser
Maxunitech Inc.
Beijing Multigrass Formulation Co., Ltd.

Mitsui Chemicals Agro acquires 30% shares of PT Agriculture Construction Indonesiaqrcode

Aug. 10, 2017

Favorites Print
Forward
Aug. 10, 2017

Mitsui Chemicals Agro, Inc. (MCAG) announced that it reached an agreement for the business tie-up with PT Agriculture Construction (Agricon), an agrochemicals company in the Republic of Indonesia, and completed the acquisition of 30% of total outstanding shares of an Agricon’s subsidiary for distribution of agrochemical products, PT Agriculture Construction Indonesia (AGCI). 
 
To enhance and expand its overseas business, MCAG has set Indonesia as one of the important markets in Southeast Asia, and co-operating with Agricon who owns the widespread local sales network helps MCAG strengthen its sales considerably in this growing market. 
 
MCAG has built a mutual trust with Agricon through the distribution of MCAG’s products since the launch of the fungicide Nebijin (flusulfamide) in 2009, and the launch of the insecticide Tenchu (dinotefuran) in 2016 made Agricon become an important partner in Indonesia. With taking advantage of both companies’ strengths, this business tie-up including the share acquisition of AGCI will reinforce the partnership between Agricon and MCAG and drive further success by accelerating development of the market as well as new products in Indonesian market.


 

Picture 0/1200

More from AgroNews

Sichuan Lomon Bio Technology Co., Ltd.

Magazine

2019 India Pesticide Suppliers Guide 2019 Latin America Focus
2019 Formulation & Adjuvant Technology Annual Review 2018
Chinese issue of Annual Review 2018 Chinese issue of 2018 Market Insight
I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.