Pesticide
manufacturer and supplier Weifang Rainbow from China has announced four big
projects to enhance business growth and competitiveness. The four projects are
dealing with production expansions of mainly herbicides, the core
business of China's third largest glyphosate exporter.
As
one of the biggest pesticides player in China, for example ranking as third
largest glyphosate exporter from China in 2016 and in the top three nationwide
in export volume of pesticides and plant protection products, Shandong Weifang
Rainbow Chemical plays a significant role in China’s pesticides market.
Especially the herbicide market, Weifang rainbow’s first and strongest
pesticide segment, is influenced by the company. Now, the executives have
announced massive production expansions of the core business herbicides.
The
production expansions are mainly targeting top sellers like dicamba, MCPA, diclosulam,
and glyphosate. Market intelligence firm CCM gives an overview of the different
projects and the effect on Weifang Rainbow.
Dicamba
Weifang
Rainbow has already started a new dicamba TC project in 2013, marked by an
annual production capacity of 1,000 tonnes per year. This trial project was
approved regarding environmental standards in 2016. Following this approval,
the company has announced to start a second project of the same dicamba
production capacity. Hence, when the second project will be put into action,
the new dicamba production capacity per year will reach 2,000 years.
MCPA
Similar
to the dicamba projects, Weifang Rainbow also has launched a new production
project of MCPA earlier, whose construction has been finished in April 2016. In
addition to this new plant, the company plans to build another facility for
MCPA production. Both projects are aiming for an annual capacity of 1,000
tonnes each, which marks the MCPA projects in the exact same scale as the
dicamba projects.
Herbicide
Weifang
Rainbow has also announced a general herbicides formulation project for its
current factories to increase enterprise transformation and upgrading. The
project aims to enable a production capacity rise of 47,000 tonnes per year.
The different herbicides that are in the focus on this huge project are mainly
diclosulam, 4-Chloro-3-methylphenol, phenoxy carboxylic acid esters, water
soluble granule, and a lot of high-end liquid formulations.
According
to the company, the project will be divided into 2 stages. In the first stage,
the production of 32,000 tonnes of high-end liquid formulations, 10,000 tonnes
phenoxy carboxylic acid ester, as well as 3,200 tonnes water soluble granule
will be added to the production of existing factories. The second stage of the
project will turn into action after the environmental approval of the current
production.
Green and efficient
plant protection products project
The
fourth announced production project by Weifang Rainbow involves a 120,000 t/a
green and efficient plant protection products project. The company plans to
construct a 120,000 t/a green and efficient plant protection products project
in its north factory, starting with phase one formulations project. According
to CCM, the main structure involves an amount of 20,000 tonnes per year of glyphosate solid formulations, 60,000 KL per year glyphosate liquid
formulations, 15,000 tonnes per year broadleaf herbicide formulations, 10,000
tonnes per year grain farm herbicide solid formulations, and 10,000 tonnes per
year grain farm herbicide liquid formulations and the supporting facilities.
Shandong Weifang
Rainbow Chemical Co., Ltd.
Rainbow
Chemical is one of the largest agrochemical manufacturers and traders in China,
with its strategic management, R&D centre and operation headquarters in
Jinan City, Shandong province, P.R. China. Rainbow Chemical owns five
manufacturing bases around the world.
The
new projects have been announced after the company revealed the strategy to
optimise the capital structure and enhance stimulating the business growth to
improve competitiveness, especially in international markets. On the financial
side, the company has offered a non-public offering to gather the necessary
capital for the ambitious plans.
About CCM
CCM
is the leading market intelligence provider for China’s agriculture, chemicals,
food & ingredients and life science markets.
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