Oct. 23, 2018
Recently, Chinese agrochemical company Jiangsu Yangnong
’s subsidiary, Jiangsu Youjia Crop protection, planned an investment program to launch production of a number of major products, including the annual 3,800-ton bifenthrin, 1,000-ton fluazinam, 120-ton pyrethroid and 200-ton icaridin pesticide projects. The investment is valued at Yuan430.27 million, to be constructed within a period of 2 years.
Upon completion of these projects, the company is expected to achieve an average annual business income of Yuan1.023 billion, with a return on investment of 29.75% and internal rate of return (after income tax) of 21.63%.
Among the investment projects, the bifenthrin, pyrethroid and icaridin projects are insecticides, while fluazinam is a fungicide. According to the company, the investments aim for an accelerated implementation of the company's coastal development strategy , which would enable an adjustment to the production deployment, while promoting transformations and upgrades of the company to establish new product series and to ensure gradual high-end product development. The investments will be of help to cultivation of new sources of growth, in a bid to continually enhance the overall competitiveness of the company.