ISK’s agchem results ahead in first half
Sales of Ishihara Sangyo Kaisha’s (ISK) organic chemicals division amounted to ¥23,782 million ($272 million at the current rate) in the first half ended September 30th 2012, up by 0.9% on the same period in the previous year. The division is primarily agrochemicals, which accounted for over 98% of divisional sales in the year to March 31st 2012. First-half profit was ¥334 million ($4 million), up by 28%. The results represented a recovery from the first quarter, when the company saw a decline in sales and profits ( Agrow No 652, p 5). ISK gained further market expansion for its products during 2012, with an approval for the fungicide, fluazinam, in the US turf sector ( Agrow No 645, p 20), and an Indian launch of the insecticide, flonicamid, through United Phosphorus ( Agrow No 652, p 25).