Hebei Lansheng Biotech Co., Ltd.
Beijing Multigrass Formulation Co., Ltd.

Limin Group: net profit +53.5% YoY to USD43.6 million in H1 2020qrcode

Sep. 29, 2020

Favorites Print
Forward
Sep. 29, 2020

In H1 2020, Limin Group Co., Ltd. (Limin Group) made revenue of USD379.5 million, up by 144.2% year on year, and net profit of USD43.6 million, up by 53.5% year on year.


Its main products - fungicides including mancozeb, cymoxanil, phosethyl-al, pyrimethanil, and metham - all rank first by sales in China. Its subsidiary Jiangsu Xinhe Agricultural Chemical Co., Ltd. runs the top 1 chlorothalonil production capacity.


In 2019, Limin Group acquired Veyong assets (incl. Hebei Veyong Bio-Chemical Co., Ltd., Hebei Veyong Pharmaceutical Co., Ltd. and Inner Mongolia New Veyong Bio-Chemical Pesticide Co., Ltd.) who run the production lines of insecticides (abamectin and emamectin benzoate), herbicides (glufosinate-ammonium), and several veterinary drugs.


In H1 2020, Limin Group achieved a year-on-year growth of 130.8% in the sales of pesticides, a result of:


- The business expansion after the acquisition of Veyong assets;

- The strong market demand for several products and the subsequent increases in sales volumes.


In H1 2020, Limin Group continued constructing its large-sized projects:


- 500 t/a Difenoconazole project which is expected to be completed in Q3 2020;

- 10,000 t/a EBDC project of its subsidiary which is expected to be put into operation in Q3 2020;

- 500 t/a Emamectin benzoate project of its subsidiary which just started constructing and is expected to be finished at the end of this year;

- The 4th production line of chlorothalonil which is expected to be put into trial operation in Q4 2020.


Table: Revenue and gross margin of main business of Limin Chemical, H1 2020

image.png

Source: Limin Chemical


Source: Think Real

Picture 0/1200

More from AgroNews

Magazine

2020 India Pesticide Suppliers Guide 2020 Market Insight
Chinese issue of 2020 Market Insight 2020 CRO & CRAO Manual
Chinese issue of 2020 Biologicals Special 2020 Biologicals Special
Subscribe Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.