COMPANIES NEWS ROUND-UP Products Products Products Products PRODUCTS Companies NEWS IN BRIEF AGROW | No 633 | February 8th 2012 COMPANIES NEWS IN BRIEF DuPont agchem <strong>sales</strong> up 9% in fourth quarter DuPont notes. Growth is attributed to increased plantings <strong>and</strong> share gains in North America, volume growth in Latin America <strong>and</strong> success in Europe <strong>and</strong> Asia. DuPont’s crop protection <strong>sales</strong> rose by 9% to $676 million in the fourth quarter of 2011. The company saw growth from all major product lines <strong>and</strong> in most regions, with the greatest contribution coming from the US <strong>and</strong> Latin America. All regions achieved double-digit <strong>sales</strong> growth in the second half of the year, the company points out. The fourth-quarter gains followed a 27% rise in crop protection revenues in the third quarter (<strong>Agrow</strong> No 627, p 5). For the full year, <strong>sales</strong> climbed by 16% to $2,900 million, including a 3% decline from divested business. DuPont sold its non-mixture diuron herbicide business to Makhteshim-Agan Industries during the year (<strong>Agrow</strong> No 614, p 2). Volume growth in 2011 was led by the insecticide, chlorantraniliprole (trade-marked as Rynaxypyr), which recorded strong gains towards the end of the year in Latin America <strong>and</strong> Agriculture segment <strong>sales</strong> for 2011 were up by 16.8% to $9,166 million. Volumes rose by 10%, prices by 6% <strong>and</strong> portfolio changes added 1%. The business recorded an 18.1% increase in pre-tax operating income (PTOI) to $1,527 million. Excluding significant items, PTOI was up by 30.5% to $1,752 million, with margins of 19%. DuPont’s agriculture segment results ($ million) Year ended Dec 30th 2010 % change 2011 Sales 7,845 +16.8 9,166 PTOI Asia. Chlorantraniliprole <strong>sales</strong> rose by 45% to $580 million, representing about 20% of total crop protection <strong>sales</strong>. As forecast in December, DuPont’s insecticide <strong>sales</strong> exceeded $1,000 million in 2011, a year earlier than expected (<strong>Agrow</strong> No 631, p 3). DuPont’s second anthranilic diamide insecticide, cyantraniliprole (trade-marked as Cyazypyr), is due to be introduced in the second half of this year, with a peak revenue forecast of $250- 300 million. The combined <strong>sales</strong> of chlorantraniliprole <strong>and</strong> cyantraniliprole are expected to top $1,000 million. DuPont’s agriculture segment, which includes agrochemicals <strong>and</strong> seed, recorded a 7.7% rise in fourth-quarter revenues to $1,297 million. Volumes were up by 3% <strong>and</strong> prices by 5%. The business recorded a pre-tax operating loss of $216 million compared with a prior year loss of $185 million. Excluding significant items, the losses were $116 million <strong>and</strong> $135 million, respectively. The improvement is attributed to higher <strong>sales</strong>. Among the significant items was a $100 million charge related to damages claims over the turf herbicide, Imprelis (aminocyclopyrachlor). The company incurred a $75 million charge in the third quarter. The US EPA ordered a halt to Imprelis <strong>sales</strong> last August after widespread damage reports (<strong>Agrow</strong> No 622, p 16). Pioneer . . . Fourth-quarter <strong>sales</strong> by DuPont seed subsidiary Pioneer Hi-Bred International rose by 7% to $621 million, which was partly due to an “exceptional Latin America summer season”, the company says. Latin American seed <strong>sales</strong> in the second half of the year were up by more than 40%, driven by over 55% growth in summer maize seed <strong>sales</strong> in Brazil. The business also saw growth in the Philippines <strong>and</strong> Indonesia in the fourth quarter, reflecting improved weather conditions <strong>and</strong> increased plantings. Full-year seed <strong>sales</strong> grew by 17% to $6,300 million, along with higher earnings <strong>and</strong> margins. The <strong>sales</strong> growth was well balanced between North America <strong>and</strong> international operations, 1 1,293 +18.1 1,527 Fourth quarter Sales 1,204 + 7.7 1,297 PTOI1 EUROPE NEWS ROUND-UP COMPANIES NEWS IN BRIEF PRODUCTS NEWS IN BRIEF COMPANIES NEWS IN BRIEF PRODUCTS NEWS IN BRIEF AMERICAS NEWS ROUND-UP AUSTRALASIA NEWS IN BRIEF PEOPLE MEETING EUROPE COMPANIES NEWS NEWS IN BRIEF IN BRIEF PRODUCTS NEWS IN BRIEF EUROPE COMPANIES NEWS NEWS IN BRIEF IN BRIEF PRODUCTS NEWS IN BRIEF AMERICAS EUROPE COMPANIES NEWS NEWS NEWS IN IN BRIEF IN BRIEF BRIEF COMPANIES NEWS IN BRIEF PRODUCTS NEWS IN BRIEF AGBIOTECH/RESEARCH AMERICAS EUROPE Products NEWS NEWS IN IN BRIEF BRIEF NEWS IN BRIEF PRODUCTS NEWS IN BRIEF PRODUCTS NEWS IN BRIEF ASIA ASIA/AUSTRALASIA NEWS IN BRIEFNEWS IN BRIEF AMERICAS NEWS IN BRIEF EUROPE NEWS IN BRIEF COMPANIES NEWS IN BRIEF ASIA/AUSTRALASIA/WORLD ASIA/AUSTRALASIA NEWS IN NEWS BRIEFIN BRIEF AMERICAS (loss) EUROPE NEWS NEWS (185) IN IN BRIEF BRIEF EUROPE NEWS IN BRIEF – (216) 1 pre-tax operating ASIA/AUSTRALASIA PEOPLE ASIA/AUSTRALASIA income. NEWS IN ROUND-UP BRIEF PRODUCTS NEWS IN BRIEF COMPANIES NEWS IN BRIEF ASIA/AUSTRALASIA/AFRICA NEWS IN BRIEF outlook . . . AMERICAS NEWS IN BRIEF PEOPLE DuPont expects ASIA ASIA/AUSTRALASIA to NEWS see higher ROUND-UP agrochemical NEWS IN BRIEF <strong>and</strong> seed <strong>sales</strong> in the first half of AMERICAS 2012 than NEWS in the IN BRIEF first six months of last year. PEOPLE MEETING AMERICAS NEWS IN BRIEF It forecasts a EUROPE moderate NEWS increase IN BRIEF in agriculture segment <strong>sales</strong> <strong>and</strong> “mid-single-digit” ASIA/AFRICA ASIA/AUSTRALASIA earnings NEWS NEWS ROUND-UP growth. IN The BRIEF company points to PRODUCTS NEWS IN BRIEF higher volumes PEOPLE MEETING <strong>and</strong> prices, partly offset by significantly adverse WORLD NEWS IN BRIEF EUROPE NEWS IN BRIEF PRODUCTS NEWS ROUND-UP AMERICAS NEWS IN BRIEF ASIA NEWS IN BRIEF currency effects ASIA/AUSTRALASIA <strong>and</strong> increases in NEWS input IN costs BRIEF <strong>and</strong> continued www.agrow.com AFRICA ASIA/AUSTRALASIA NEWS IN BRIEF NEWS IN BRIEF growth investments. MEETING AMERICAS PEOPLE NEWS IN BRIEF www.agrow.com COMPANIES NEWS COMPANIES NEWS IN NEWS IN BRIEF IN BRIEF MEETING PEOPLE COMPANIES NEWS IN BRIEF PEOPLE www.agrow.com COMPANIES NEWS IN BRIEF n Syngenta ASIA/AFRICA PRODUCTS ASIA/AUSTRALASIA drops Innovotech’s PRODUCTS NEWS PRODUCTS NEWS NEWS IN NEWS IN NEWS Agress IN BRIEF IN BRIEF BRIEF IN BRIEF MEETING BRIEF Syngenta has decided not to commercialise Canadian company www.agrow.com PRODUCTS NEWS IN BRIEF Innovotech’s (Edmonton, PRODUCTS NEWS Alberta) IN BRIEF bactericidal seed treatment, Agress (oxysilver MEETING nitrate). Syngenta agreed to conduct North MEETING American trials EUROPE PEOPLE with the NEWS seed EUROPE NEWS IN treatment NEWS IN BRIEF last year (<strong>Agrow</strong> No www.agrow.com IN BRIEF 588, p 3). Innovotech is disappointed BRIEF that Syngenta has WORLD/AUSTRALASIA ASIA/AUSTRALASIA NEWS NEWS IN IN BRIEF BRIEF decided not to EUROPE pursue NEWS its “right IN BRIEF of first refusal”, but looks EUROPE NEWS IN BRIEF forward www.agrow.com to working with other companies that have expressed www.agrow.com interest in the product. “Agress continues to show excellent results in recently AMERICAS MEETING completed AMERICAS NEWS field AMERICAS NEWS IN NEWS IN BRIEF trials that exp<strong>and</strong> its <strong>potential</strong> IN BRIEF uses to high value-added crops such BRIEF as fruits, vegetables <strong>and</strong> PEOPLE pulses,” says AMERICAS Innovotech NEWS president IN BRIEF <strong>and</strong> CEO Ken Boutilier. AMERICAS NEWS IN BRIEF MEETING www.agrow.com n www.agrow.com Wynca issues 2011 profit warning ASIA/AUSTRALASIA COMPANIES NEWS IN NEWS ASIA/AUSTRALASIA NEWS BRIEF IN NEWS IN BRIEF IN BRIEF Chinese chemical company Zhejiang Wynca BRIEF Chemical has issued a profit ASIA/AUSTRALASIA warning for its 2011 NEWS results. IN BRIEF The company, which ASIA/AUSTRALASIA NEWS IN BRIEF topped the Chinese Crop Protection Industry Association's top PRODUCTS NEWS IN BRIEF 100 agrochemical company ranking last year (<strong>Agrow</strong> No 627, PEOPLE p 7), expects PEOPLE net profit for the year to fall by over 80%. The warning comes PEOPLE after a year of continued market stagnation for ©Informa UK Ltd 2009 its main product, PEOPLE the herbicide, glyphosate. Wynca recorded net profit of Yuan EUROPE 167.7 million NEWS IN ($26.6 BRIEFmillion) in 2010. It saw ©Informa UK Ltd 2009 <strong>sales</strong> increase MEETING throughout the first three quarters of 2011, but MEETING rising costs culminated MEETING in an operating www.agrow.com loss of Yuan 31.8 1 million ($5 million) during MEETING the third quarter (<strong>Agrow</strong> No 628, p 3). MEETING 4 www.agrow.com AMERICAS NEWS IN BRIEF www.agrow.com www.agrow.com ©Informa UK Ltd 2012 www.agrow.com www.agrow.com
AGROW | No 633 | February 8th 2012 Companies getting efficiently to market? research & Development services SGS Group provides a global network of field operations <strong>and</strong> certified laboratories for your R&D programs • GLP/GEP/marketing field trials • Residues/operators/consumers studies • Product chemistry • Ecotoxicology • Environmental fate studies • Animal feeding studies • Registration services • Consultancy <strong>and</strong> market surveys sgs is the WorlD’s leaDing inspection, verification, testing anD certification company contact: SGS Group 1 Place Des Alpes 1201 Geneva Switzerl<strong>and</strong> Phone: +41 22 739 9111 E-mail: olivier.coppey@sgs.com www.seedservices.sgs.com www.cropservices.sgs.com when you need to be sure
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