Limin Chemical signed a major agchem contract with Venezuela CORPOVEX

Chinese agrochemical company Limin Chemical recently signed a major agrochemical purchasing contract with CORPOVEX, a foreign trade cooperation in Venezuela. The contract covers some fungicides and other pesticide products worth US$46.94 million.

According to Limin Chemical, the contract value accounts for 36.34% of the company’s total operating income in 2015, which could have a positive impact on its continuing growth in 2016. 

Meanwhile, the overseas business operation will extend Limin’s global reputation in the expanding global market, enhancing the company’s development policy.

Limin Chemical specializes in the R&D, production, and marketing of crop fungicides. With a market presence in over 70 countries and regions, its products include mancozeb, chlorothalonil, cymoxanil, and propineb.

The buyer, CORPOVEX, located in Caracas, was founded in February 2014 and is affiliated with Centro Nacional de Comercio Exterior (CENCOEX).