AgroPages-Anhui Huaxing invests in glyphosate production-Agricultural news

The Chinese agrochemical company, Anhui Huaxing Chemical (Anhui), has increased the registered capital of its fully owned subsidiary, Anhui Huaxing Chemical Chongqing, from Yuan 3 million ($400,000) to Yuan 43 million ($6.3 million). The board of directors’ decision will provide funds to speed up the development of the subsidiary’s 50,000 tonnes/year production facility for the glyphosate herbicide intermediate, iminodiacetonitrile (IDAN). The IDAN plant will serve to increase the supply of raw materials necessary to make glyphosate, for parent company Anhui Huaxing Chemical, and it will have a “positive influence” on the production capacity and competitiveness of its glyphosate, the company reports. Anhui Huaxing has also agreed to act as a joint liability guarantor for its subsidiary’s construction loan of Yuan 98.9 million ($14.4 million).

Subscribe Email:		*
Name:
Mobile Number:

Call for papers - BioEx 2025Event

2024 India Focus published!Magazine

Call for Papers— 5th Ag Formulation & Application Technology Congress(FAT 2024) Event

Anhui Huaxing invests in glyphosate production

More from AgroNewsChange

Magazine

Hot Topic More

NEWSLETTER