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Nissan Chemical’s agricultural chemicals segment sales up 8% in FY 2018
Jun. 11, 2019
JapanSales of Nissan Chemical’s agricultural chemicals segment increased by 7.9% compared with last year to 62,724 million yen in fiscal year 2018 which ended on March 31, 2019. Operating income rose by 12.1% to 18,351 million yen.
According to the company, the domestic agrochemicals market, sales of second-generation ALTAIR (paddy rice herbicide) drugs were favorable. However, conditions for "ROUNDUP" (non-selective leaf treatment herbicide) were severe due to the impacts of hot summer weather in Japan and natural disasters in the first half of the fiscal year, in addition to shipments being accelerated in the previous fiscal year.
In overseas agrochemicals market, sales were favorable due to an increase in sales of "PULSOR" (fungicide), shipments of "TARGA" (herbicide) ahead of schedule, and the launch of sales of "GRACIA" (insecticide) in South Korea.
Source: Nissan Chemical news release
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