Summary: On 2 Dec., Shanghai Shengnong released an announcement, saying that it would acquire 60% share of Shanghai Dongfeng. This acquisition is conducive to enriching Shanghai Shengnong's insecticide formulation product variety.

On 2 Dec., Shanghai Shengnong Pesticide Co., Ltd. (Shanghai Shengnong) released an announcement on a planned acquisition of 60% share in Shanghai Dongfeng Pesticide Factory Co., Ltd. (Shanghai Dongfeng), following its development strategy. Once the transaction completed, Shanghai Shengnong will take the place of Shanghai Jiayao Industrial Co., Ltd. as the controlling shareholder of Shanghai Dongfeng.

Currently, Shanghai Dongfeng holds several pesticide registration certificates for insecticide formulations and has production lines for products in different forms, such as WP, WG, SC, EC, EW, ME. The company has independently developed and designed nine production lines for DF products, of which three have been put into industrial operation. Shanghai Dongfeng has the processing capability to manufacture formulation products for domestic and foreign markets, and can ensure the product performance.

Shanghai Shengnong's existing products cover TC and formulations of insecticides, fungicides, herbicides, water-soluble fertilisers, etc. It is the first pesticide producer that has obtained registrations for pyriproxyfen·imidacloprid 10% SC, carbendazim·epoxiconazole 40% SC in China, and also the first to mass produce patented product cycloxaprid (under the brand name "Wenlong"). So far Shanghai Shengnong has acquired multiple registration certificates for insecticide and hygienic insecticide products. The acquisition of Shanghai Dongfeng will help expand Shanghai Shengnong's insecticide formulation portfolio.