Nantong Jiangshan continues to slide
Chinese company Nantong Jiangshan Agrochemical and Chemical recorded agrochemical sales of Yuan 618.3 million ($91.4 million at the current rate) in the first half of 2010, down 19.8% on the same period last year. Agrochemicals made up 56.8% of the company’s total sales of Yuan 1,088.2 million ($160.8 million) during the first six months. Operating costs for the agrochemical division were down 18.5% on the previous year. Nantong Jiangshan’s agrochemical sales fell by 19.9% to Yuan 1,462.9 million ($216.2 million) in 2009 ( Agrow No 591, p 8).