Sep. 20, 2018
On September 17, Chinese agrochemical company Jiangsu Fengshan Group
went public on the Shanghai Stock Exchange (Stock Code 603810).
Fengshan Group initiated an IPO of no more than 20 million shares to raise funds of 508.2638 million yuan for spending on production upgrades of an annual 1,500-ton mesotrione technical, 800-ton quizalofop-p-ethyl, 500-ton quizalofop-P-tefuryl technical, 700-ton cyhalofop-butyl, 300-ton clodinafop-propargyl technical, 1,000-ton trichlopyr and 1,000-ton triclopyr-butotyl technical.
Trifluralin technical and quizalofop-p-ethyl technical are the key products of Fengshan Group, for which the company has established a complete research, production and marketing system to realize its “pesticide technical + formulation + intermediate” coordinated development objective.
Fengshan Group has built sound business relations with the world’s well-known pesticide companies such as Nufarm and Landmark. The four major product series of the company, which are trifluralin, quizalofop-p-ethyl, nicosulfuron and chlorpyrifos, have become very popular in the market. In the first half of 2018, the company’s prime business income reached over 800 million yuan.