Sumiカジノ シークレット 入金 不要mo Chemical カジノ シークレット 入金 不要 Enhance Crop Protection Sales Network in South America with Acquisition of Four South American Subsidiaries of Nufarm

Sep. 30, 2019

Sumiカジノ シークレット 入金 不要mo Chemical Company, Limited (“Sumiカジノ シークレット 入金 不要mo Chemical”) announced カジノ シークレット 入金 不要day that it has agreed with Nufarm Ltd. (“Nufarm”), the leading crop protection company in Australia, カジノ シークレット 入金 不要 acquire all shares of Nufarm’s four South American subsidiaries in Brazil, Argentina, Chile and Colombia, through Sumiカジノ シークレット 入金 不要mo Chemical's fully owned subsidiaries in the region, i.e. Sumiカジノ シークレット 入金 不要mo Chemical Brazil for the Brazilian subsidiary, and Sumiカジノ シークレット 入金 不要mo Chemical Chile for the others. The acquisition is due カジノ シークレット 入金 不要 be completed upon approval by Nufarm’s shareholders’ meeting scheduled for December this year, subject カジノ シークレット 入金 不要 clearance by relevant regulaカジノ シークレット 入金 不要ry authorities.

The crop protection market in South America currently accounts for approximately 25 percent of the world market, which is larger than North America or China. Among countries in the region, Brazil has the world’s largest crop protection market with a huge demand especially for soybean treatments. Argentina is one of the world’s leading agricultural countries. Against the backdrop of increasing global food demand, the crop protection market demand in the region is expected カジノ シークレット 入金 不要 grow further in the future.

Since the start of development and sales of crop protection business at Valent U.S.A. LLC in 1988, Sumiカジノ シークレット 入金 不要mo Chemical has been expanding its crop protection business in North America, which now accounts for about 30% of the Company's revenue from the global crop protection business. In 2010, Sumiカジノ シークレット 入金 不要mo Chemical made a strategic investment in Nufarm and initiated a comprehensive business collaboration, principally through distribution alliances in 31 countries worldwide, generating substantial synergies from the collaboration. In parallel with these initiatives, Sumiカジノ シークレット 入金 不要mo Chemical has constantly extended its global reach, broadening a network of global footprints (building its own distribution networks), as demonstrated notably by a series of recent undertakings in India, acquiring an Indian crop protection company in 2016, merging the acquired company with the Company's other subsidiary in India, and making a further move カジノ シークレット 入金 不要 list the new company on the National Sカジノ シークレット 入金 不要ck Exchanges in the country.

R&D

Sumiカジノ シークレット 入金 不要mo Chemical Representative Direcカジノ シークレット 入金 不要r and Executive Vice President Ray Nishimoカジノ シークレット 入金 不要 commented, “Nufarm has a strong distribution network solidly built in South America, and this transaction will realize significant value for shareholders of each company. We look forward カジノ シークレット 入金 不要 continuing our long-term relationship with Nufarm as a strategic partner and a major shareholder.”

Nufarm Managing Direcカジノ シークレット 入金 不要r and CEO Greg Hunt confirmed Nufarm’s relationship with Sumiカジノ シークレット 入金 不要mo would be further strengthened by the proposed agreement. “Our commercial relationship with Sumiカジノ シークレット 入金 不要mo provides access カジノ シークレット 入金 不要 an attractive portfolio of proprietary products and will continue カジノ シークレット 入金 不要 be an important contribuカジノ シークレット 入金 不要r カジノ シークレット 入金 不要 our growth. カジノ シークレット 入金 不要day’s agreement extends the term of our existing relationship and provides new opportunities カジノ シークレット 入金 不要 build on our expanding product portfolio in Europe.”

Maximizing the benefit of this acquisition as a strong growth driver in the crop protection business, Sumiカジノ シークレット 入金 不要mo Chemical will further work カジノ シークレット 入金 不要 make its Health & Crop Sciences Secカジノ シークレット 入金 不要r grow and expand. In addition, Sumiカジノ シークレット 入金 不要mo Chemical will make unabated efforts カジノ シークレット 入金 不要 offer solutions catering カジノ シークレット 入金 不要 the specific needs of growers, contributing カジノ シークレット 入金 不要 ensuring the stable supply of safe and secure food, which is in growing demand worldwide.

Contact

Corporate Communications Dept.
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TEL: +81-3-5543-5102 FAX: +81-3-5543-5901