Jiangsu Huifeng suspends herbicide expansion
Chinese agrochemical company Jiangsu Huifeng Agrochemical will suspend the expansion of a bromoxynil octanoate herbicide project that is already underway, the company reports. Jiangsu Huifeng completed a manufacturing plant with a capacity of 5,000 tonnes/year of the herbicide in September. The company predicts that this will be enough to meet demand for the active ingredient within the next two to three years. Therefore, it will not continue to expand plant capacity to the planned 10,000 tonnes/year until market conditions make such a move viable. The surplus capital will be transferred into a GLP laboratory construction project. At present, the company has a total capacity of 7,000 tonnes/year of bromoxynil octanoate, which accounts for over 80% of the Chinese domestic market.