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Nissan Chemicals agchem sales down
Jul. 25, 2008
Nissan Chemical recorded agrochemical sales of ¥36,366 million ($340 million at current exchange rate) in the year to March 31st 2008, compared with ¥40,478 million ($378 million) in the previous year. The 10.2% decline reflects the ongoing contraction of the Japanese crop protection market. However, the company highlights increased market share for its new herbicide formulation, Roundup Max-Load (glyphosate), which boosted total sales of Roundup. Nissan acquired Monsantos Japanese herbicide business, including Roundup, in 2002.
Exports accounted for around ¥5,000 million ($47 million), similar to last year, the company says. During the year, Nissans rice herbicide, Permit (halosulfuron-methyl), was approved in Italy, which was its first EU registration.
The company also received its first global registration last year for the fungicide, amisulbrom, in the UK, where it is sold as Shinkon for use on potatoes. Since the end of the financial year, amisulbrom has been approved in Japan, as Leimay, and in South Korea, as Myeonjak. The Japanese registration covers use on tomatoes, potatoes, soybeans, cucumbers, grapevines and melons, while the South Korean approval is for cucumbers and red peppers.
Nissan Chemicals agricultural chemicals division is now solely crop protection products following the spin-off of the fertiliser business, Nissan Agri, last year.
Source: Nissan
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