Sapec Agro sales up 26% in 2011
Portuguese crop protection company Sapec Agro’s (Setúbal) agrochemical sales rose by over a quarter (+26%) in 2011 to €95 million ($120 million at the current rate). New formulation registrations boosted the company’s business last year. Sales of all products, including plant nutrition, grew by 21% to €151 million ($191 million). Combined earnings before interest tax, depreciation and amortisation rose by more than half (59%) to €22 million ($28 million).