Shenghua Biok sales up in Q1
Chinese chemical company Shenghua Biok’s sales rose by 14.5% to Yuan 466.7 million ($68.4 million at the current rate) in the first quarter of 2010. Operating profit for the period was Yuan 34 million ($5 million), down 4.6% on the same quarter last year. Agrochemicals made up 42% of sales in 2009, and the company's main product was the herbicide, glyphosate. Shenghua Biok recorded agrochemical sales of Yuan 630.8 million ($92.4 million) in 2009, down 64.9% on the previous year ( Agrow No 590, p 6).