MAI to expand as economy hits sales
Makhteshim-Agan Industries (MAI) sets its sights high as it sees earnings considerably impacted by “sector trends”. Tough conditions due to credit drying up from the financial crisis have caused delayed orders, high inventories and falling prices, such as for the herbicide, glyphosate. Nevertheless, the company presented a focus on growth and taking advantage of a depressed general market at an analyst conference in London this month. MAI wants to become the market’s “most innovative off-patent company”, chairman and CEO Avraham Bigger said.