Huapont-Nutrichem leads China's agchem sales in 2012
Chinese chemical company Huapont-Nutrichem has become the largest pesticide company in China in terms of sales after Chongqing Huapont Pharma completed the acquisition of Chinese agrochemical exporter Nutrichem International. In its first annual report as a joint entity, the company recorded agrochemical sales of Yuan 3,023.1 million ($490.9 million at the current rate) in 2012. Huapont entered the pesticide market when it took control of Nutrichem International in 2010. It bought a 22.7% holding in 2008, before agreeing to take over the entire company the following year. The company rebranded itself as Huapont-Nutrichem at the end of last year (Agrow No 654, p 4).