Iharabras to up investment in agchem business
Brazilian agrochemical company Iharabras (Sorocaba) is to expand its agrochemical business, media report. It is seeking to raise its annual sales some 20% to $50 million. The company is to enlarge marketing and production with an extra $35 million a year investment, the generic agrochemical industry association, the Aenda, says. It will establish a production facility this year dedicated to water-dispersible granule formulations. Iharabras has invested some $36 million over the past four years.