BASF ups new ais and pipeline sales potential - Agrow
BASF ups new ais and pipeline sales potential - Agrow
BASF ups new ais and pipeline sales potential - Agrow
- TAGS
- basf
- pipeline
- agrow
- www.agrow.com
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
COMPANIES NEWS ROUND-UP<br />
Products<br />
Products<br />
Products<br />
Products<br />
PRODUCTS Companies NEWS IN BRIEF<br />
AGROW | No 633 | February 8th 2012<br />
COMPANIES NEWS IN BRIEF<br />
DuPont agchem <strong>sales</strong> up 9% in<br />
fourth quarter<br />
DuPont notes. Growth is attributed to increased plantings <strong>and</strong><br />
share gains in North America, volume growth in Latin America<br />
<strong>and</strong> success in Europe <strong>and</strong> Asia.<br />
DuPont’s crop protection <strong>sales</strong> rose by 9% to $676 million<br />
in the fourth quarter of 2011. The company saw growth from<br />
all major product lines <strong>and</strong> in most regions, with the greatest<br />
contribution coming from the US <strong>and</strong> Latin America. All regions<br />
achieved double-digit <strong>sales</strong> growth in the second half of the<br />
year, the company points out.<br />
The fourth-quarter gains followed a 27% rise in crop protection<br />
revenues in the third quarter (<strong>Agrow</strong> No 627, p 5). For the full<br />
year, <strong>sales</strong> climbed by 16% to $2,900 million, including a 3%<br />
decline from divested business. DuPont sold its non-mixture<br />
diuron herbicide business to Makhteshim-Agan Industries during<br />
the year (<strong>Agrow</strong> No 614, p 2).<br />
Volume growth in 2011 was led by the insecticide,<br />
chlorantraniliprole (trade-marked as Rynaxypyr), which recorded<br />
strong gains towards the end of the year in Latin America <strong>and</strong><br />
Agriculture segment <strong>sales</strong> for 2011 were up by 16.8% to<br />
$9,166 million. Volumes rose by 10%, prices by 6% <strong>and</strong><br />
portfolio changes added 1%. The business recorded an 18.1%<br />
increase in pre-tax operating income (PTOI) to $1,527 million.<br />
Excluding significant items, PTOI was up by 30.5% to $1,752<br />
million, with margins of 19%.<br />
DuPont’s agriculture segment results ($ million)<br />
Year ended Dec 30th 2010 % change 2011<br />
Sales 7,845 +16.8 9,166<br />
PTOI<br />
Asia. Chlorantraniliprole <strong>sales</strong> rose by 45% to $580 million,<br />
representing about 20% of total crop protection <strong>sales</strong>. As forecast<br />
in December, DuPont’s insecticide <strong>sales</strong> exceeded $1,000 million<br />
in 2011, a year earlier than expected (<strong>Agrow</strong> No 631, p 3).<br />
DuPont’s second anthranilic diamide insecticide, cyantraniliprole<br />
(trade-marked as Cyazypyr), is due to be introduced in the<br />
second half of this year, with a peak revenue forecast of $250-<br />
300 million. The combined <strong>sales</strong> of chlorantraniliprole <strong>and</strong><br />
cyantraniliprole are expected to top $1,000 million.<br />
DuPont’s agriculture segment, which includes agrochemicals<br />
<strong>and</strong> seed, recorded a 7.7% rise in fourth-quarter revenues to<br />
$1,297 million. Volumes were up by 3% <strong>and</strong> prices by 5%.<br />
The business recorded a pre-tax operating loss of $216 million<br />
compared with a prior year loss of $185 million. Excluding<br />
significant items, the losses were $116 million <strong>and</strong> $135<br />
million, respectively. The improvement is attributed to higher<br />
<strong>sales</strong>.<br />
Among the significant items was a $100 million charge<br />
related to damages claims over the turf herbicide, Imprelis<br />
(aminocyclopyrachlor). The company incurred a $75 million<br />
charge in the third quarter. The US EPA ordered a halt to<br />
Imprelis <strong>sales</strong> last August after widespread damage reports<br />
(<strong>Agrow</strong> No 622, p 16).<br />
Pioneer . . .<br />
Fourth-quarter <strong>sales</strong> by DuPont seed subsidiary Pioneer Hi-Bred<br />
International rose by 7% to $621 million, which was partly<br />
due to an “exceptional Latin America summer season”, the<br />
company says. Latin American seed <strong>sales</strong> in the second half of<br />
the year were up by more than 40%, driven by over 55% growth<br />
in summer maize seed <strong>sales</strong> in Brazil. The business also saw<br />
growth in the Philippines <strong>and</strong> Indonesia in the fourth quarter,<br />
reflecting improved weather conditions <strong>and</strong> increased plantings.<br />
Full-year seed <strong>sales</strong> grew by 17% to $6,300 million, along<br />
with higher earnings <strong>and</strong> margins. The <strong>sales</strong> growth was well<br />
balanced between North America <strong>and</strong> international operations,<br />
1 1,293 +18.1 1,527<br />
Fourth quarter<br />
Sales 1,204 + 7.7 1,297<br />
PTOI1 EUROPE NEWS ROUND-UP<br />
COMPANIES NEWS IN BRIEF<br />
PRODUCTS NEWS IN BRIEF<br />
COMPANIES NEWS IN BRIEF<br />
PRODUCTS NEWS IN BRIEF<br />
AMERICAS NEWS ROUND-UP<br />
AUSTRALASIA NEWS IN BRIEF<br />
PEOPLE<br />
MEETING<br />
EUROPE<br />
COMPANIES<br />
NEWS<br />
NEWS<br />
IN BRIEF<br />
IN BRIEF<br />
PRODUCTS NEWS IN BRIEF<br />
EUROPE COMPANIES NEWS NEWS IN BRIEF IN BRIEF<br />
PRODUCTS NEWS IN BRIEF<br />
AMERICAS EUROPE COMPANIES NEWS NEWS NEWS IN IN BRIEF IN BRIEF BRIEF<br />
COMPANIES NEWS IN BRIEF<br />
PRODUCTS NEWS IN BRIEF<br />
AGBIOTECH/RESEARCH AMERICAS EUROPE Products<br />
NEWS NEWS IN IN BRIEF BRIEF NEWS IN BRIEF<br />
PRODUCTS NEWS IN BRIEF<br />
PRODUCTS NEWS IN BRIEF<br />
ASIA ASIA/AUSTRALASIA NEWS IN BRIEFNEWS<br />
IN BRIEF<br />
AMERICAS NEWS IN BRIEF<br />
EUROPE NEWS IN BRIEF<br />
COMPANIES NEWS IN BRIEF<br />
ASIA/AUSTRALASIA/WORLD ASIA/AUSTRALASIA NEWS IN NEWS BRIEFIN<br />
BRIEF<br />
AMERICAS<br />
(loss) EUROPE NEWS<br />
NEWS<br />
(185) IN<br />
IN<br />
BRIEF<br />
BRIEF<br />
EUROPE NEWS IN BRIEF – (216)<br />
1 pre-tax operating ASIA/AUSTRALASIA PEOPLE<br />
ASIA/AUSTRALASIA income. NEWS IN ROUND-UP BRIEF<br />
PRODUCTS NEWS IN BRIEF<br />
COMPANIES NEWS IN BRIEF<br />
ASIA/AUSTRALASIA/AFRICA NEWS IN BRIEF<br />
outlook . . .<br />
AMERICAS NEWS IN BRIEF<br />
PEOPLE<br />
DuPont expects ASIA ASIA/AUSTRALASIA to NEWS see higher ROUND-UP agrochemical NEWS IN BRIEF <strong>and</strong> seed <strong>sales</strong> in<br />
the first half of AMERICAS 2012 than NEWS in the IN BRIEF first six months of last year.<br />
PEOPLE MEETING AMERICAS NEWS IN BRIEF<br />
It forecasts a EUROPE moderate NEWS increase IN BRIEF in agriculture segment <strong>sales</strong><br />
<strong>and</strong> “mid-single-digit” ASIA/AFRICA ASIA/AUSTRALASIA<br />
earnings NEWS NEWS ROUND-UP growth.<br />
IN<br />
The<br />
BRIEF<br />
company points to<br />
PRODUCTS NEWS IN BRIEF<br />
higher volumes PEOPLE MEETING <strong>and</strong> prices, partly offset by significantly adverse<br />
WORLD NEWS IN BRIEF<br />
EUROPE NEWS IN BRIEF<br />
PRODUCTS NEWS ROUND-UP<br />
AMERICAS NEWS IN BRIEF<br />
ASIA NEWS IN BRIEF<br />
currency effects ASIA/AUSTRALASIA <strong>and</strong> increases in NEWS input IN costs BRIEF <strong>and</strong> continued<br />
www.agrow.com AFRICA ASIA/AUSTRALASIA NEWS IN BRIEF NEWS IN BRIEF<br />
growth investments. MEETING<br />
AMERICAS PEOPLE NEWS IN BRIEF<br />
www.agrow.com<br />
COMPANIES NEWS<br />
COMPANIES NEWS IN<br />
NEWS IN BRIEF<br />
IN BRIEF<br />
MEETING<br />
PEOPLE COMPANIES NEWS IN BRIEF<br />
PEOPLE<br />
www.agrow.com COMPANIES NEWS IN BRIEF<br />
n Syngenta<br />
ASIA/AFRICA PRODUCTS ASIA/AUSTRALASIA drops Innovotech’s<br />
PRODUCTS NEWS<br />
PRODUCTS NEWS NEWS IN<br />
NEWS IN<br />
NEWS Agress<br />
IN BRIEF<br />
IN BRIEF BRIEF IN BRIEF<br />
MEETING<br />
BRIEF<br />
Syngenta has decided not to commercialise Canadian company<br />
www.agrow.com PRODUCTS NEWS IN BRIEF<br />
Innovotech’s (Edmonton, PRODUCTS NEWS Alberta) IN BRIEF bactericidal seed treatment,<br />
Agress (oxysilver MEETING nitrate). Syngenta agreed to conduct North<br />
MEETING<br />
American trials EUROPE PEOPLE with the NEWS seed<br />
EUROPE NEWS IN treatment<br />
NEWS IN BRIEF last year (<strong>Agrow</strong> No<br />
www.agrow.com IN BRIEF<br />
588, p 3). Innovotech is disappointed BRIEF that Syngenta has<br />
WORLD/AUSTRALASIA ASIA/AUSTRALASIA NEWS NEWS IN IN BRIEF BRIEF<br />
decided not to EUROPE pursue NEWS its “right IN BRIEF of first refusal”, but looks<br />
EUROPE NEWS IN BRIEF<br />
forward www.agrow.com to working with other companies that have expressed<br />
www.agrow.com<br />
interest in the product. “Agress continues to show excellent<br />
results in recently AMERICAS MEETING completed<br />
AMERICAS NEWS field<br />
AMERICAS NEWS IN<br />
NEWS IN BRIEF trials that exp<strong>and</strong> its <strong>potential</strong><br />
IN BRIEF<br />
uses to high value-added crops such BRIEF as fruits, vegetables <strong>and</strong><br />
PEOPLE<br />
pulses,” says AMERICAS Innovotech NEWS president IN BRIEF <strong>and</strong> CEO Ken Boutilier.<br />
AMERICAS NEWS IN BRIEF<br />
MEETING<br />
www.agrow.com<br />
n www.agrow.com<br />
Wynca issues 2011 profit warning<br />
ASIA/AUSTRALASIA COMPANIES NEWS IN NEWS<br />
ASIA/AUSTRALASIA NEWS BRIEF IN<br />
NEWS IN BRIEF<br />
IN BRIEF<br />
Chinese chemical company Zhejiang Wynca<br />
BRIEF<br />
Chemical has<br />
issued a profit ASIA/AUSTRALASIA warning for its 2011 NEWS results. IN BRIEF The company, which<br />
ASIA/AUSTRALASIA NEWS IN BRIEF<br />
topped the Chinese Crop Protection Industry Association's top<br />
PRODUCTS NEWS IN BRIEF<br />
100 agrochemical company ranking last year (<strong>Agrow</strong> No 627,<br />
PEOPLE<br />
p 7), expects PEOPLE net profit for the year to fall by over 80%. The<br />
warning comes PEOPLE after a year of continued market stagnation for<br />
©Informa UK Ltd 2009<br />
its main product, PEOPLE the herbicide, glyphosate. Wynca recorded net<br />
profit of Yuan EUROPE 167.7 million NEWS IN ($26.6 BRIEFmillion)<br />
in 2010. It saw<br />
©Informa UK Ltd 2009<br />
<strong>sales</strong> increase MEETING throughout the first three quarters of 2011, but<br />
MEETING<br />
rising costs culminated MEETING in an operating www.agrow.com loss of Yuan 31.8<br />
1<br />
million<br />
($5 million) during MEETING the third quarter (<strong>Agrow</strong> No 628, p 3).<br />
MEETING<br />
4 www.agrow.com<br />
AMERICAS NEWS IN BRIEF<br />
www.agrow.com<br />
www.agrow.com<br />
©Informa UK Ltd 2012<br />
www.agrow.com<br />
www.agrow.com
Change language