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Fengshan Group listed on Shanghai Stock Exchange
Sep. 20, 2018
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China
Fengshan Group initiated an IPO of no more than 20 million shares to raise funds of 508.2638 million yuan for spending on production upgrades of an annual 1,500-ton mesotrione technical, 800-ton quizalofop-p-ethyl, 500-ton quizalofop-P-tefuryl technical, 700-ton cyhalofop-butyl, 300-ton clodinafop-propargyl technical, 1,000-ton trichlopyr and 1,000-ton triclopyr-butotyl technical.
Trifluralin technical and quizalofop-p-ethyl technical are the key products of Fengshan Group, for which the company has established a complete research, production and marketing system to realize its “pesticide technical + formulation + intermediate” coordinated development objective.
Fengshan Group has built sound business relations with the world’s well-known pesticide companies such as Nufarm and Landmark. The four major product series of the company, which are trifluralin, quizalofop-p-ethyl, nicosulfuron and chlorpyrifos, have become very popular in the market. In the first half of 2018, the company’s prime business income reached over 800 million yuan.
Source: AgroNews
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