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Home > News > Around The Industry > December 2007
Rallis Expands Production, Launches New Product
December 27, 2007
Rallis India, a member of the Tata Group, is preparing a "war chest" of over US $150 million for acquisitions and investments to further strengthen its position in the Indian agrochemical market, according to the Indian newspaper The Hindu.
Cheminova Buys Stake In Stähler
December 20, 2007
The Stähler family and Cheminova A/S have agreed to form a partnership by Cheminova acquiring 50% ownership in the Stähler group, according to a Stähler release. The combined business of Cheminova and Stähler in Europe will at the outset generate around US $287 million, corresponding to a 3% market share in the European market, according to the companies.
USDA Chief Economist Collins To Retire
December 20, 2007
The U.S. Department of Agriculture's (USDA) Chief Economist, Dr. Keith Collins, has announced his plans to retire after 15 years of service to the agricultural industry.
Cone Denim Nicaragua Inks $37 Million (USD) Loan
December 19, 2007
Cone Denim Nicaragua (CDN), the Ciudad Sandino, Nicaragua-based affiliate of the International Textile Group, Inc. (ITG) has signed a $37 million (USD) seven-year amortizing term loan with the Inter-American Investment Corp. (IIC) and four co-financing banks doing business in Nicaragua: Banco de la Produccion, S.A.; Banco de America Central, S.A.; Banco de Credito Centroamericano, S.A.; and Banco HSBC Nicaragua, S.A., according to a company release.
Zagro Acquires BASF Unit
December 19, 2007
Singapore-based Zagro Group has acquired the animal nutrition premix business of BASF Taiwan's Animal Nutrition unit, according to a Zagro release.
American Vanguard Acquires Chemtura Fungicide
December 19, 2007
American Vanguard Corp. has acquired Turfcide and Terraclor (PCNB) fungicides from Chemtura Corp. for an undisclosed amount, according to CNN.
INCOTERM Names New Sales/Marketing Manager
December 19, 2007
INCOTEC – Integrated Coating and Seed Technology, Inc. – has appointed Bradley J. Kortsen as sales and marketing manager, INCOTEC USA, Salinas, California, US, to be effective as of Jan. 1, 2008.
Phoschem Inks Indian DAP Supply Agreement
December 17, 2007
The Phosphate Chemicals Export Association Inc. (PhosChem) announced a diammonium phosphate (DAP) supply agreement with an Indian customer for 2008, according to a PhosChem release.
UPL Shares Boosted By Nufarm Rumors
December 17, 2007
Speculation that United Phosphorus Ltd. (UPL) would take over Nufarm caused UPL's stock to rise 9%, according to India Infoline.
Biofuel Effect On Specialty Chemicals
December 16, 2007
The surge in biofuels may create a major increase in the supply of several specialty chemical biproducts, according to an article on www.purchasing.com.
Nufarm Deal Abandoned
December 11, 2007
The acquisition of Nufarm by ChemChina will not proceed, according to various reports. According to the two sides, the offer on the table was unable to be formalized. Media reports said that the offer was for US $2.6 billion.
In Memorium: Vladimir Wagner
December 11, 2007
FCI is sad to report that Vladimir Wagner of Venezuela- based Insecticidas Internacionales (INCIA) has died following a long fight with a lung ailment.
Peasants Occupy Two Brazilian Plants
December 11, 2007
Landless peasants in Brazil have taken over two Syngenta production facilities, demanding that the company leave the country.
Study: Organic Crops Pose Environmental Threat
December 3, 2007
A study by the University of Nottingham, UK, found that organic production of two crops produced a higher carbon footprint than conventional production, according to a press release from BCPC.
Syngenta To Maintain R&D Budget
December 3, 2007
Despite surging oil prices raising company costs, Syngenta will continue to devote 10% of its revenue to developing its pipeline, according to a Reuters article.
Continental Eagle - Lummus Deal Off
December 3, 2007
Continental Eagle Corp. has ceased negotiations with Lummus Corp. concerning a merger of the companies, and the preliminary agreement reached by the two sides has been terminated, according to a Continental Eagle release. Continental Eagle Corporation has ceased negotiations with Lummus Corporation and terminated the preliminary agreement reached between the parties.
Bayer To Build German Intermediate Plant
December 3, 2007
Bayer CropScience is constructing a production plant for the manufacture of methane phosphonous acid n-butyl ester (MPE), a herbicide intermediate used in glufosinate-ammonium.
DuPont Opens Bulgarian Office
December 3, 2007
DuPont has opened an office in Sofia, Bulgaria to forward its strategy of growth in central Europe, according to the company.
Patodia Named President of Cotton Association of India
December 3, 2007
