Yangnong’s dicamba plant starts trial production
Chinese agrochemical Jiangsu Yangnong Chemical has started trial production on a new production line for three agrochemical active ingredients, including a 5,000 tonnes/year facility for the herbicide, dicamba, report the Chinese stock market analyst, China International Capital. The plant, based in the city of Nantong, will go into full operation in January. With this new facility, Yangnong’s total dicamaba capacity is set to become some 6,500 tonnes/year, reportedly over 30% of the global manufacturing capacity for the herbicide. The company’s dicamba production is estimated to be worth some Yuan 800 million ($130.7 million at the current rate) in annual revenue. Work will begin on the second phase of the Nantong production plant in 2015, and is expected to be completed by 2016. Yangnong, a subsidiary of Chinese state-owned chemical giant Sinochem, recorded a 5.1% fall in agrochemical sales to 2,088.7 million ($341.3 million) in the first three quarters of 2014.