Apr. 30, 2020
On 28th April, Jiangsu Yangnong Chemical
announced that its wholly-owned subsidiary, Jiangsu Youjia Crop Protection, is planning to invest in several major projects covering the annual 8,510-ton pesticide, 6,000-ton herbicide, 6,000-ton fungicide and 500-ton synergist production facilities.
The project’s main products include pyrethroids, bifenthrin, lambda-cyhalothrin, fluazinam, difenoconazole and propiconazole. The company will invest a total of Yuan2.33 billion in the project, which will be implemented over a period of two years.
Upon completion and operation, total annual revenue is estimated to be Yuan3.045 billion, with the return on investment being 23.8% and the financial internal rate of return (after income tax) being 19.0%.
Yangnong Chemical said that it invested in the projects to speed up the implementation of the company's coastal development strategy, advance its production deployment, and promote transformation and upgrading, to establish a product series under a high-end product portfolio, which will help create a new source of growth, enable the company to grow larger and stronger, and enhance its overall competitiveness.