Guy Elitzur, CEO of STK Stockton Group Ltd recently visited the Cinoong head office of Chengdu Newsun Crop Science to meet its board chairman He Qiming. The two sides discussed biopesticide registration and distribution, as well as the sale of botanic pesticides in Asia Pacific, South America, North America, and in EU countries.
During the visit, Chairman He briefed Elitzur on the company’s main organic inputs over the last 30 years, its latest agriculture-interactive service, and the achieved objective of increasing the income of growers and reducing the spending of consumers via the operations of Cinoong e-commerce.
Chairman He shared with the Stockton delegation his experience of cooperating with customers in Israel and Peru, as well as the planned cooperation with Singapore’s largest retailer, NTUC Fairprice, concerning the sales of agricultural products.
After the visit, Elitzur told AgroPages, “We are impressed by the workshop, research, and production capacity of Newsun Crop Science, as well as their biological production expertise. We are pleased to see their commercial product and to learn about their market share in China.”
When AgroPages asked the CEO about his company's intentions to enter the Chinese market, he noted, “China is a big market where biological products and value-added products are becoming more and more attractive. The government’s support of the industry provided Newsun Crop Science with an opportunity for development. From now on, our shareholder Sichuan Hebang Group will help us to expedite our penetration of the Chinese market.”
Speaking of a possible mode of cooperation with Newsun Crop Science, Elitzur said he saw several potential opportunities for cooperation between the two parties in both the Chinese and overseas markets, including the joint development of biological formulations. The solutions of Stockton and Newsun Crop Science may be synergized in many respects, such as complementary action mechanisms in products that can be combined to create a sustainable agricultural solution. Moreover, both parties may work together to enhance their chemicals resistance management.
Stockton is reportedly a top global biopesticide enterprise. Its business has grown rapidly over the last several years, as it has established subsidiaries in 18 countries and a sales network in 35 countries. The cooperation between the two parties brings together two strong companies, enabling both to enter each other's markets with complementary product lines via assistance with registration. The cooperation will also be beneficial for quick promotions of biopesticides, particularly botanic pesticides.