Wynca sales up in loss-making Q3
Chinese company Zhejiang Wynca Chemical recorded a 22.5% increase in sales to Yuan 1,182.2 million ($186 million at the current rate) in the third quarter of 2011. In 2010, agrochemicals made up 43.1% of total sales, which include organosilicone products ( Agrow No 616, p 6). Increases in manufacturing costs have seen profits slide, and the company made an operating loss of Yuan 31.8 million ($5 million) during the third quarter. Wynca Chemical came on top of the Chinese Crop Protection Industry Association’s ranking of the top 100 pesticide companies, based on 2010 pesticide sales ( Agrow No 627, p 7).