Jan. 20, 2021
China’s major agrochemical company Limin Group announced the start of the trial production of several of its projects, which are the annual 500-ton difenoconazole project of its wholly owned subsidiary, Limin Chemical, the 500-ton emamectin benzoate project of its holding subsidiary, Inner Mongolia New Veyong Biochemical Co., Ltd., and the 10,000-ton EBDC series of its holding subsidiary, Hebei Shuangji Chemical Co., Ltd.
These projects have been completed and have equipment installed and commissioned, and their trial production schemes have passed expert assessments, having begun trial production.
1. The difenoconazole project is one of the privately financed projects of the company and is an extension of Limin Chemical’s existing superior product line. Difenoconazole is a curative systemic triazole fungicide, which is a broad-spectrum, safe, preventive, curative and eradicative product for use against various plant pathogens, being a highly efficient, safe and environment-friendly pesticide with wide market prospects. Its production extension will involve upgrading the technical process and improving product quality, which is expected to strengthen the company's competitive advantages, through a product of high efficiency and low toxicity.
2. Emamectin benzoate project is one of the projects financed by the company's public issue of convertible bonds worth Yuan980 million, which is an extension of New Veyong’s existing superior product line. Emamectin benzoate is part of the avermectin series, being a high-efficient semisynthetic antibiotic insecticide. It is used to control lepidoptera pests in farmland while being low toxic to mammals, aquatic animals and the natural enemies of pests and, therefore, is very safe for use. Emamectin benzoate is an environmentally friendly pesticide, which is currently being promoted for application nationwide. With the reduced cost of mass production, the product is expected to be very competitive in the market.
3. The EBDC project is an extension of Shuangji Chemical's existing superior product line. EBDC is a highly efficient, low toxic and low residue fungicide that has the characteristics of broad fungicidal spectrum, multiple action sites, resistance-free and being able to supplement trace elements needed by crops, therefore, effectively improving the yield and quality of crops, with strong demanded by the market. Shuangji Chemical has more than 30 years of experience in the production of the EBDC series. The completion and operation of the project will help Shuangji Chemical achieve its capacity increase and quality upgrade, which will enhance the competitiveness of the product and make an effective solution to short supply.
According to the announcement, the completion and operation of the above projects are in line with the company's strategy related to the research, development and manufacturing of environment-friendly products, which will help achieve the company’s goals of capacity expansion, quality improvement, efficiency increase and cost reduction, to cultivate a new source of growth and increase its competitiveness and profitability.
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