China’s agrochemical industrial investment up 86%

The Chinese pesticide industry has invested 2.08 billion Yuan in fix asset in the month of August 2010, jumped by 86.0% year on year. The investment on chemical pesticide was 1.27 billion, up 71.7%, while investment on biopesticide was 0.81 billion Yuan, up 113.6%, both continued a downward from July.

The cumulative investment for the period of January to August this year was 16.77 billion Yuan, which accounting for 38.5% of the planned investment, posted a 36.2% rise. The biopesticide industry has invested 6.96 billion Yuan, grown by 70.8%, and the proportion for total pesticide has increased by 8.4% to 41.5%, while the investment on chemical pesticide was 9.81 billion Yuan, up 19.1%.

During period of January to August, 388 investment projects were under constructed, up 6.0%.

The number of the newly undertook projects has grown by 6 to 240, including 150 chemical pesticide projects and 90 biopesticide projects. The number of the completed projects was 154, grown by 36, thereinto109 projects on chemical pesticides and 45 for biopesticide.

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