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Origin Creates New Strategic Pesticide Business Unit

09 March 2010

CHINA - Origin Agritech has created a strategic pesticide business unit for premium branded chemical products to offer to the Chinese market.

CHINA - Origin Creates New Strategic Pesticide Business Unit
The firm hopes to have a premium branded glyphosate product brought immediately into the domestic agricultural market for the 2010 selling season.

Origin also expects this branded product to be sold at a premium to other non-branded products in the current Chinese marketplace.

The product will also work in conjunction with Origin's glyphosate-resistant seed portfolio, currently in regulatory approval.

"We believe this continues our goal to become the dominant agricultural solutions provider for the benefit of the Chinese farmer," commented Liang Yuan, Origin president and chief executive officer.

Origin said that its pesticide products are contract produced by one of the highest quality manufacturers in China.

The firm, which supplies hybrid and genetically-modified crop seeds in China, recently announced audited financial results for the year ended September 30th 2009.

It reported that revenues had gone up to $86.8 million (£57.8 million) from $75.6 million.

TheCropSite News Desk

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