Mitsui Chemicals Agro to formulate pesticides for India in Thailand

Mitsui Chemicals Agro is actively utilizing the business and capital partnership that it forged in May with Sotus International by newly outsourcing to the Thai agrochemical company the formulation of its dinotefuran insecticides for the Indian market, which it will sell in cooperation with a local sales company starting this year.

Their relationship dates back to 1997, with Sotus distributing Mitsui’s products in Thailand and contract-manufacturing agrochemicals for Mitsui for the Thai and Vietnamese markets, and the two companies exchanging technical information. In May Mitsui acquired 10% of Sotus’ outstanding shares, strengthening their ties, and its president Takehiko Kanai became a Sotus director.

Mitsui Chemicals Agro currently sells pesticides other than dinotefuran in India. It has a strategy to formulate its pesticide products close to markets for efficient production and distribution. It plans to expand its sales in Indonesia and the Philippines as well and intends to consign production for these markets to Sotus at that time.