Sanonda consolidates pesticide subsidiary
Chinese company Sanonda (Jingzhou) Pesticides and Chemicals has been amalgamated into its parent company, ChemChina subsidiary Hubei Sanonda, reports the Chinese Ministry of Industry and Information Technology. The amalgamation was given a public notice period of one week, ending on July 17th. Sanonda Pesticides and Chemicals manufactures pesticide active ingredients and formulations, and among its major products are the insecticides, carbofuran and fenobucarb. Hubei Sanonda recorded a 7.6% increase in sales to Yuan 501.3 million ($79.3 million at the current rate) in the first quarter of 2012 ( Agrow No 642, p 2).