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Chinese fertilizer manufacturer Stanley purchases 35% of seed company Hengji Seed
Sep. 19, 2016
Hengji Seed is primarily involved in seed breeding and seed marketing, while its subordinated company, Hengji Limagrain, (share-controlled by the seed giant Limagrain) has 4 approved corn varieties, which are suitable for planting in broad areas of China, such as spring sowing areas, summer sowing areas, early-mature and late-mature areas. Furthermore, the company has received 15 varieties under the 2nd year national/provincial and production trial, as well as 27 varieties in 1st year national/provincial trials. All of these varieties include machine harvestable grain and high starch content. Some can be used for both grain and feed purposes, which are appropriate to spring sowing, summer sowing, machine harvesting and silage. Revenues for Hengji Seed in 2015 were Yuan 34.93 million, with operating profits reported at Yuan 9.91 million.
Founded in 1992, Stanley specializes in research, production and sales of novel fertilizers, such as tower compound fertilizer, high analysis compound fertilizer, nitro compound fertilizer, bio-fertilizer, slow-release fertilizer and seaweed fertilizer, being the largest tower compound fertilizer manufacturer in China. The company’s business income in 2015 reached Yuan 7.0406846 billion, 24.53% up year on year. Operating profits for the year were Yuan 697.7724 million, a 23.19% increase year on year.
From a global perspective, the seed business is a high-demand business and requires strong customer loyalty. In the course of establishing an integrated agricultural material service platform, world agricultural material service leaders always attach the greatest importance to the seed business, such as Monsanto’s “seed + pesticide” collaborated agricultural service platform and Syngenta’s “seed + pesticide + horticulture” coordinated agricultural service platform.
In 2015, Stanley adopted a new strategy to become an agricultural service provider, having decided to make a change from a single agricultural material supplier into a comprehensive agricultural service provider. At this time, the joint-share participation in Hengji Seed will complete the company’s integrated agricultural material service platform, and will enhance the company’s competitive edge in the sector of comprehensive agricultural services.
Source: AgroNews
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