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Mitsui Chemicals Agro acquires 10% stake in Belchim Crop Protection
Feb. 14, 2017
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Japan
Belchim Crop Protection NV
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Belgium
Japanese company Mitsui Chemicals Agro, Inc. (MCAG) has acquired a 10% stake in the Belgian company Belchim Crop Protection (Londerzeel). Until now the two firms have been collaborating on the registration and commercialisation of certain MCAG products in a gradually increasing number of countries in Europe. Belchim Crop Protection has been successfully contributing resources, regulatory know-how and sales expertise.
Lengthy development cycles, increased regulatory demands and costs and market changes are difficulties that agrochemical companies encounter. That is why both parties have intensified their mutually-beneficial cooperation in development, registration, commercialisation and sales of agrochemicals.
According to Mr. Dirk Putteman, CEO Belchim Crop Protection NV: “It is a privilege to join forces with a strong R&D partner like Mitsui Chemicals Agro, so we can amplify our existing innovative portfolio and make our company future proof.” Mr. Kazunori Tani, president Mitsui Chemicals Agro, Inc. echoes Mr. Putteman’s comments: “Belchim has the regulatory know-how and a strong market access in Europe. With Belchim as a partner, we will enhance our overseas business and strengthen MCAG’s sales considerably.” This alliance assures the long-term future of their mutually-beneficial collaboration.
Source: Belchim Crop Protection
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