Adama be exclusive distributor five Chinese crop protection firms
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Adama to be exclusive distributor for five Chinese crop protection firms

11:27 AM, 8th December 2015
Adama to be exclusive distributor for five Chinese crop protection firms

TEL AVIV, ISRAEL: Adama Agricultural Solutions Ltd said that it will form a commercial collaboration with five Chinese crop protection entities which are part of the ChemChina group, to progressively become the exclusive domestic sales platform for their formulated crop protection products.

The five entities - Hubei Sanonda, Jiangsu Anpon, Shandong Dacheng, Anhui Chemical Group and Jiamusi Heilong Agrochemical - are controlled by the China National Agrochemical Corporation (CNAC), a strategic business division of ChemChina and the controlling shareholder of Adama.

Such products are estimated to generate sales of approximately $90million in 2015.

Adama will meaningfully expand its commercial network by having more than 170 sales and marketing employees, who have until now been employed by the five entities, join Adama’s sales force.

In the beginning of 2016, Adama will launch its Chinese domestic market branded sales platform, which will be strengthened in an incremental manner by the exclusive distribution business. This will allow Adama to capitalize on an established commercial infrastructure to bring its wide portfolio of advanced crop protection solutions to the vast Chinese agricultural market, the third largest in the world and one of the fastest growing.

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