The listing of pesticide companies this year showed an accelerating trend. On December 17, the reporter learned from the Guangxi Rural Biochemical Company that the company is launching an IPO (initial public offering). Pesticide companies planning to apply for listing include Jiangsu Fengshan Group Co., Ltd., Guangdong Tiansong Agricultural Materials Co., Ltd., and Jiangsu Qizhou Green Chemical Co., Ltd.
Jiangsu Lanfeng Bio-Chemical Co., Ltd. has been listed for two weeks and currently performs well in the capital market. Previously, Jiangsu Changqing Agrochemical Co., Ltd. and Jiangsu Huifeng Agrochemical Co., Ltd. were also approved for listing in April and May of this year.
The "Pesticide Industry Policy" recently released requires that the number of pesticide companies in China be reduced by 30% by 2015. The sales volume of the top 20 pesticide companies in China will reach more than 50% of the total sales and 70% in 2020. . Wei Zhijun, deputy general manager of rural biochemical marketing in Guangxi, told reporters that the policy created a sense of urgency for many companies and that in order to achieve a leap in technology and production capacity, there must be financial support.
A related person from the securities department of Jiangsu Lanfeng Bio-Chemical Co., Ltd. said that the funds they raised this time are used for the annual production of 8,000 tons of acephate phosphorus and its preparation technical transformation project, 2000 tons of cypermethrin project, 800 tons of high-performance cypermethrin project, and The construction of technical research centers and other projects have a total investment of 541 million yuan.
Jiangsu Huifeng Agrochemical Co., Ltd. is the world's largest producer of prochloraz drug, the largest octanoyl bromoxynil drug and epoxiconazole drug manufacturer in China. The funds raised this time will be invested in three expansion projects of original drug products, two deep processing and marketing support projects, and one research and development support project, with a total investment of 636 million yuan.
According to industry sources, in recent years, the profits of pesticide companies have been very thin. In the process of industrial integration, most pesticide companies find it difficult to provide sufficient funds for mergers and acquisitions. At the same time, with the increase in environmental protection supervision, pesticide companies need a large amount of funds for the "three wastes" treatment. The capital market can precisely provide large amounts of funds for long-term operations, which is why pesticide companies have chosen to go public.
Jiangsu Lanfeng Bio-Chemical Co., Ltd. has been listed for two weeks and currently performs well in the capital market. Previously, Jiangsu Changqing Agrochemical Co., Ltd. and Jiangsu Huifeng Agrochemical Co., Ltd. were also approved for listing in April and May of this year.
The "Pesticide Industry Policy" recently released requires that the number of pesticide companies in China be reduced by 30% by 2015. The sales volume of the top 20 pesticide companies in China will reach more than 50% of the total sales and 70% in 2020. . Wei Zhijun, deputy general manager of rural biochemical marketing in Guangxi, told reporters that the policy created a sense of urgency for many companies and that in order to achieve a leap in technology and production capacity, there must be financial support.
A related person from the securities department of Jiangsu Lanfeng Bio-Chemical Co., Ltd. said that the funds they raised this time are used for the annual production of 8,000 tons of acephate phosphorus and its preparation technical transformation project, 2000 tons of cypermethrin project, 800 tons of high-performance cypermethrin project, and The construction of technical research centers and other projects have a total investment of 541 million yuan.
Jiangsu Huifeng Agrochemical Co., Ltd. is the world's largest producer of prochloraz drug, the largest octanoyl bromoxynil drug and epoxiconazole drug manufacturer in China. The funds raised this time will be invested in three expansion projects of original drug products, two deep processing and marketing support projects, and one research and development support project, with a total investment of 636 million yuan.
According to industry sources, in recent years, the profits of pesticide companies have been very thin. In the process of industrial integration, most pesticide companies find it difficult to provide sufficient funds for mergers and acquisitions. At the same time, with the increase in environmental protection supervision, pesticide companies need a large amount of funds for the "three wastes" treatment. The capital market can precisely provide large amounts of funds for long-term operations, which is why pesticide companies have chosen to go public.
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