United
Phosphorus Limited (UPL) acquired 100% stakes in Yanhua Yoloo (Laoting)
Biotechnology Co., Ltd. (Laoting Yanhua) through its Hong Kong branch in early
May. Laoting Yanhua is one of the major formulation producers in China engaged
in plant growth regulator, insecticide, herbicide and fungicide, with its
pesticide formulation capacity of 28,000 t/a. The acquisition reveals UPL’s
intention to enter China’s terminal market of pesticide, and plays a key role
in its development in China.
UPL attaches importance to Chinese market owing
to China’s being the world’s largest grain producer
Previously
in February last year UPL already announced to complete its acquisition of
Arysta at the cost of USD 4.2 billion, which makes the company one of the
world’s top five in the field of
agricultural solutions.
With about
1200 distributors and over 240 staff, Laoting owns more than 100 registration
certificates of agricultural chemical products in China. Apart from that, the
company has a long term relationship with multinational corporations and
established a huge group of customers. As the largest grain producer all over
the world, China is considered as a crucial market for UPL.
UPL expects more opportunities and better
improvement after the acquisition of Laoting
Because
China serves as the world’s biggest grain production base, UPL attaches great
significance to the Chinese market. Based on its good partnership with plenty
of transnational corporations and its establishment of huge distribution
channels, Laoting will gain powerful support from the Chinese team in UPL, such
as a wide product line, abundant financial resources, global layout, technique
to improve sustainable development and anti-risk ability, as well as UPL’s
manufacturing technology and its leading position in the market. In contrast,
UPL will also have access to Laoting’s distribution channels and registration
certificates in China.
What’s more,
UPL plans to optimize Laoting’s manufacturing facilities in order to expand the
company’s global capacity, and it will be devoted to improving the partnerships
between Laoting and its clients.
UPL products are distributed in more than 150
countries
UPL is an
Indian transnational corporation founded in 1969, with the Headquarter located
in Bombay. As one of the top five corporations in the area of agricultural
solutions in the world, UPL provides agricultural productivity for farmers
through innovative and cost effective products. Its goal is to assure the world
of long term food supply.
UPL mainly
engages itself in producing and selling agricultural chemicals, industrial
chemicals, as well as chemical intermediates and speciality chemicals. So far,
UPL has become one of the world’s largest companies supplying general
agricultural chemicals. Its products are distributed in more than 150 countries
and regions all over the world.
Laoting has more than 50 product lines, through
200 individual products can be manufactured
Laoting is
a core subsidiary of Yanhua Yoloo. It was not until 2017 that the company was
established and went into production.
The
high-tech company concentrates on environmentally friendly pesticide compound
preparations, including insecticides, germicides, herbicides, seed coatings,
and plant nutrition. As a fully reinforced Chinese agrochemical company,
Laoting has over 1200 distribution partners and more than 240 employees.
Laoting has
more than 50 product lines, through which over 10 preparations and 200
individual products can be manufactured. In the meanwhile, the company is
equipped with a modern lab of more than 3,000 square meters and a professional
technology R&D team of over 50 people as well as a production management
team with a decade of experience.
For more information on
China’s agricultural market, please check our Agriculture
China Market News.