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Fengle Seed to raise Yuan18.80 million for an annual 450-ton herbicide technical project
Apr. 2, 2018
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China
Chinese agrochemical company Anhui Fengle Agrochemical Ltd, affiliated to Hefei Fengle Seed, plans to invest at a spending of Yuan18.80 million in newbuild of an annual 450-ton herbicide technical synthesizing workshop (200 tons of tribenuron-methyl, 150 tons of refined oxazole and 100 tons of refined clomazone)
With the production extensions implemented over the recent years, the technical material capacity of Fengle Agrochemical becomes inadequate to meet the production needs of formulations, having affected the supply of formulation products to the market as well as the economic benefit of the company. Particularly, the more stringent environmental regulatory compliance inspection since the second half of 2016 has resulted in short supply of pesticide technical, which has to certain extent caused an impact to the business operations of the company.
To enhance the competitiveness of the company, Fengle Agrochemical s decides to launch an annual 450-ton pesticide technical project, which has so far received project endorsement from Hefei Municipal Development and Reform Commission, the work safety-related approval from Hefei Municipal Safety Supervision Bureau and the Environmental Impact Assessment-oriented approval from Hefei Municipal Environmental Protection Bureau. The 3 product varieties to be produced in the herbicide synthesizing workshop of Fengle Agrochemical are all high efficient, low toxic and low residue pesticide products, which are included in the state encouraged product categories and well comply with the requirement of national industrial development policies.
Source: AgroNews
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