Exports lift Yangnong Chemical in 2010
Chinese company Jiangsu Yangnong Chemical recorded an 18% increase in agrochemical sales to Yuan 1,495.9 million ($228.3 million at the current rate) in 2010. Net profits for the year were down 14.9% to Yuan 134 million ($20.5 million). Sales of insecticides, the company's largest product category, increased by 2.4% to Yuan 914.4 million ($139.5 million), accounting for 61.1% of agrochemical sales. Herbicide sales edged up 1.1% to Yuan 499.6 million ($76.2 million).