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Agricultural Chemicals

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Monsanto reports Q4 sales $2.7 bln

Wednesday, 4 Oct 2017

Oct 4 (Reuters) - Monsanto Co :Q4 sales $2.7 billion.Q4 earnings per share $0.20 from continuing operations.‍For Q4, company reported $0.05 eps on an as-reported basis​.Given pending combination with Bayer, company will not provide financial guidance for fiscal year 2018.Qtrly total seeds and genomics sales $‍1,747​ million versus. $1,565 million.Qtrly net sales ‍$ 2,686​ million versus $2,562 million last year.‍In fiscal year 2018, anticipates completing restructuring and cost savings initiative that began in fiscal year 2015​.Q4 revenue view $2.53 billion -- Thomson Reuters I/B/E/S.For fiscal year 2018, anticipates lower planted corn acres in Brazil and challenging commodity pricing for corn around globe.Sees ‍S,G&A and research and development expenses in fiscal year 2018 will be relatively flat year-over-year compared to 2017​.On completion of cost saving initiative, expects to realize nearly $500 million in annual savings as compared to fiscal year 2015 baseline​.‍Ongoing EPS results for quarter were better than initially projected, mostly due to tax benefits​.‍Ongoing EPS results for quarter were also better than projected as co granted right to some key corn licenses in Brazil​.‍Granting right to some key corn licenses in Brazil resulted in a pre-tax benefit of more than $200 million in Q4 of 2017​.In agricultural productivity, pricing for Glyphosate is expected to improve, at least through q1 of fiscal year.

American Vanguard says ‍its wholly owned subsidiary Amvac Chemical will acquire OHP

Monday, 25 Sep 2017

Sept 25 (Reuters) - American Vanguard Corp ::American Vanguard Corp says ‍its wholly owned subsidiary amvac chemical corporation will acquire OHP, Inc​.American Vanguard Corp says ‍ohp will continue to operate as it has in past​.American Vanguard Corp says ‍OHP Inc's business will remain under leadership of Dan Stahl​.American Vanguard Corp says ‍terms of deal were not disclosed​.

Kaneko Seeds to merge with wholly owned agrochemical sales subsidiary

Wednesday, 20 Sep 2017

Sept 20 (Reuters) - Kaneko Seeds Co Ltd <1376.T>:* Says it plans to merge with a wholly owned agrochemical sales subsidiary based in Kumamoto, effective Dec. 1 .* Says the subsidiary will be dissolved after the transaction.

Kumiai Chemical Industry says merger in units

Wednesday, 13 Sep 2017

Sept 13 (Reuters) - Kumiai Chemical Industry Co Ltd <4996.T>:Says co's wholly owned unit K-I Chemical U.S.A. Inc. plans to merge with co's wholly owned unit Kumika International Inc., on Oct. 31.Says Kumika International Inc. will be dissolved after merger.

Yunnan Yuntianhua buys mining assets from controlling shareholder

Tuesday, 12 Sep 2017

Sept 12 (Reuters) - Yunnan Yuntianhua Co Ltd <600096.SS>:Says it plans to sell 46 percent stake in tech firm, 100 percent stake in new material firm for a combined 704.5 million yuan ($107.83 million) to controlling shareholder.Says it plans to buy 51 percent stake in mining firm for 683.4 million yuan from controlling shareholder.

OCI H1 EBITDA down at 241.4 million euros

Wednesday, 6 Sep 2017

Sept 6 (Reuters) - OCI NV ::H1 REVENUE $1,026 MILLION VERSUS $982.0 MILLION YEAR AGO.H1 EBITDA $241.4 MILLION VERSUS $498.0 MILLION YEAR AGO.H1 ADJUSTED NET INCOME GROUP SHARE $ 47.0 MILLION VERSUS $45.2 MILLION YEAR AGO.NET DEBT STOOD AT $4.4 BILLION AS OF 30 JUNE 2017.CAPITAL EXPENDITURE DOWN 82% TO $87 MILLION.EXPECTS GLOBAL UREA CAPACITY ADDITIONS SLOWING TO BELOW TREND DEMAND GROWTH OVER AT LEAST THE NEXT FOUR YEARS.EXPECTS CHINA EXPORTS TO BE STRUCTURALLY LOWER THAN THE LEVELS IN 2016.UNPLANNED SHUTDOWN AT SORFERT, BUSINESS INTERRUPTION EXPECTED TO BE COVERED BY INSURANCE‍​.BIOMCN REFURBISHMENT OF SECOND LINE PROGRESSING, COMMISSIONING EXPECTED IN Q4 2018.NATGASOLINE 89% COMPLETE AT END-JULY 2017, EXPECTED TO START COMMISSIONING IN DEC. 2017.WE EXPECT ANOTHER STEP-UP IN VOLUMES AND ANTICIPATE ALL OUR OPERATIONS TO REACH NORMALIZED RUN-RATES IN THE FOURTH QUARTER THIS YEAR - CEO.

Agrium to buy Southern States Cooperative's ag-retail businesses in Georgia and Florida

Tuesday, 29 Aug 2017

Aug 29 (Reuters) - Agrium Inc :Agrium to acquire Southern States Cooperative's ag-retail businesses in georgia and florida.Agrium Inc - ‍anticipated annual revenue from locations is over $100 million​.Agrium - announces ‍binding purchase deal between CPS ag-retail business, southern states cooperative for acquisition of 20 Ag-retail in Georgia, Florida.Agrium says ‍binding purchase agreement also includes integrated cotton ginning business in Statesboro, Georgia​.

SQM reports Q2 net income of $0.38 per ADR

Thursday, 24 Aug 2017

Aug 23 (Reuters) - Sociedad Quimica y Minera de Chile S.A. :Q2 net income of $0.38 per ADR.Sociedad Química y Minera de Chile S.A.- revenues for the first half of 2017 were US$1,023.9 million, 16.2% higher than revenues for the first half of 2016.Qtrly revenues totaled US$505.7 million, an increase of approximately 3.3% compared to Q2 2016.Still expecting sales volumes in potassium chloride business to be between 1.2 million-1.3 million MT in 2017.Expect second half average price in lithium market to be higher than average price seen in first half 2017.

Jiangsu Changqing Agrichemical to dissolve wholly owned veterinary drugs subsidiary

Friday, 18 Aug 2017

Aug 18 (Reuters) - Jiangsu Changqing Agrichemical Co Ltd <002391.SZ> ::* Says it plans to dissolve its wholly owned veterinary drugs subsidiary in Yangzhou, Jiangsu province .

Nufarm says expected FY underlying NPAT growth between 20 pct and 25 pct

Thursday, 17 Aug 2017

Aug 17 (Reuters) - Nufarm Ltd :"Confident of delivering performance improvement benefits of at least $116 million by full year 2018".Expected FY underlying net profit after tax growth of between 20 pct and 25 pct.Expects to book about $23 million (pre-tax) in material items in FY results due to asset restructuring program.Expected FY underlying earnings before interest and tax (EBIT) growth on previous year of between 4 pct and 6 pct.

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