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Valagro and FMC signed distribution agreement in China
−− Exclusive distribution agreement advances commercialization of Megafoland MC Extra in the central and northern provinces of China
Oct. 15, 2015
Valagro S.p.A.
ItalyFollow
Italy
Valagro S.p.A recently announced that it has signed a distribution agreement with FMC Corporation’s China subsidiary, thus expanding its presence in China. According to the agreement, FMC will exclusively distribute Megafol and MC Extra in central and northern provinces of China. Valagro will continue to maintain its long-term relationship with Just Agrotrech in the southern parts of China, where they have pioneered the development of biostimulant products over the past 10 years.
Mr. Giuseppe Natale, CEO of Valagro, commented: "This agreement, significantly enhances our presence in China. The Chinese market is strategic for Valagro’s growth: it represents the world’s fast expanding agricultural market and it’s developing modern agricultural practices, with increased attention to sustainability. At the same time, our growth in China is part of our broader strategy for expansion in the Far East agricultural business, where the contribution of this area, to the current Valagro total turnover, is relatively low.”
With more than a hundred years of expertise, FMC Corporation (NYSE: FMC) is a global specialty company serving agricultural, health and nutrition, and lithium markets.
Mr Gordon Xu, General Manager of FMC Agricultural Solutions for Greater China, said: “FMC’s mission in China is to provide innovative solutions and technologies to growers to meet their evolving needs in agricultural production. Valagro is a leading company in the area of biostimulants and specialty nutrients technologies. This partnership combines the strengths and resources of both companies and greatly broadens FMC’s portfolio of technologies on the plant nutrition side and enhances FMC’s ability to service the growing needs of our customers and growers in the rapidly developing agricultural market in China.”
Valagro manages the Asia-Pacific market through a subsidiary in New Zealand (Valagro Pacific) and a viable commercial and distribution network in many other Countries. Valagro recently announced its intention to strengthen its presence with the acquisition of Sri Biotech Laboratories India Limited, an Indian biopesticide company nationally recognized for its contribution to the development of environmentally sustainable, biological alternatives for pest, weed and disease control in agriculture.”
Source: valagro
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