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Sichuan Hebang agchem sales up 67% in 2016

Chinese company Sichuan Hebang Biotechnology’s agrochemical sales went up by 66.9% to Yuan 1,951.9 million ($283.5 million at the current rate) in 2016. That included sales of the glyphosate herbicide intermediate, phosphonomethyl iminodiacetic acid (PMIDA), which grew 19% to Yuan 1,280.7 million ($186 million). The company also sold glyphosate for the first time, recording revenues of Yuan 278.1 million ($40.4 million). Agrochemicals made up 56.4% of total sales, which rose by 21% to Yuan 3,462.6 million ($503 million). Net profit on total revenues were up by 32.5% to Yuan 317.8 million ($46.2 million). Exports accounted for 15.6% of total sales.


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