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China seeks more agchem industry consolidation

China has issued more pesticide industry targets for its 12th five-year plan (2011-2015), including specific financial objectives, according to official sources. The targets include cutting the number of technical pesticide manufacturers to 300 by 2015, with five companies achieving annual pesticide sales of over Yuan 5,000 million ($778 million at the current rate), 20 companies with annual sales over Yuan 2,000 million ($312 million), and two or three “internationally competitive” companies with annual sales of over Yuan 10,000 million ($1,555 million). China will also aim to create between three and five pesticide production industrial parks.

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