AgroPages-Jiangsu Yangnong: subsidiary start a new project with 15,475 t/a pesticide-Agricultural news

By Think Real - On 14 April, 2017, Jiangsu Yangnong Chemical Co., Ltd. (Jiangsu Yangnong) issued a notice that its holding subsidiary-Jiangsu Youjia Plant Protection Co., Ltd. (Jiangsu Youjia) would plan to invest in a number of major projects, including 11,475 t/a of pesticides, 1,000 t/a of herbicide, 3,000 t/a of fungicide, 2,500 tons / year of chloroacetophenone and 37,384 t/a of related by-products.

The total investment valuation of the project approval is USD293.9 million. Jiangsu Youjia will use loan, self-financing and other means to raise the funds. The project construction period is tentatively scheduled for 3 years. After the completion of the project, the estimated annual operating income is USD224 million, the total investment rate of return is 18.4% and the project investment in financial internal rate of return (income tax) is 18.1%.

Table 2: the major projects that Jiangsu Youjia plans to invest in April 14, 2017

Classification	Product	Design capacity, t/a
Insecticides	Pyrethroid pesticides, metoxadiazone, chlorfluazuron	11,475
Herbicide	Tribenuron - methyl, thiophanate, haloxyfop-R-methyl	1,000
Fungicide	Propiconazol, difenoconazole	3,000
Chloroacetophenone		2,500
Related by-products		37,384

Source: Jiangsu Yangnong

The notice said that the investment project was set up to speed up the implementation of the company's coastal development strategy, adjust the production layout, promote transformation and upgrading, achieve product serialization and high-end oriented development gradually, cultivate new benefits growth point, help the company become stronger and constantly enhance the company's overall competitiveness.

Table 3: Jiangsu Youjia’s pesticide production projects in the first phase and the second phase

Item	Product	Capacity, t/a
The first phase (put into production)	Dicamba	5,000
	Ben Ting acid methyl ester	1,500
	Bifenthrin	800
	Fluazinam	600
	By - product	28,492
The second phase (under construction)	Dicamba	20,000
	Pyrethroid pesticides	2,600
	Pyraclostrobin	1,000
	Trinexapac-ethyl	300
	Diethyltoluamide	50
	By - product	99,600

Source: Jiangsu Yangnong

It is reported that Jiangsu Youjia will divided the projects into three phases of construction. The main products of phase I project are insecticides bifenthrin, herbicide dicamba, fungicide fluoride and an intermediate intermediates Ben Ting. The phase project I was put into operation in Dec., 2014. The annual sales income of 2015 was USD104.7 million and USD106.3 million in 2016. At present, Youjia company is to promote the second phase of the project.