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Animal Health, IT, Live Stock

By leveraging digital and data-driven solutions such as Sustell™, DSM is advancing its precision animal farming journey towards a brighter future. 

 Royal DSM, a global science-based company active in Nutrition, Health and Sustainable Living, has launched Sustell™ — a first-of-its-kind intelligent sustainability service that delivers accurate, simple, and actionable farm-level solutions – to improve the environmental footprint and profitability of animal protein production. Through Sustell™, DSM is underlining its commitment to its strategic initiative We Make It Possible, which is driving a robust and achievable global transformation toward sustainable animal protein production. By leveraging digital and data-driven solutions such as Sustell™, DSM is advancing its precision animal farming journey towards a brighter future. 

DSM has developed Sustell™ together with Blonk, a recognized independent expert and leader in Life Cycle Analysis (LCA) and sustainability performance in the food and agriculture fields. The Sustell™ service is built around a state-of-the-art Intelligence Platform that is connected to the Blonk APS-footprint tool, together with an ‘Expert Center’ made up of a team of DSM and Blonk experts in LCA, animal nutrition and sustainability. The Expert Center partners with animal protein producers, assessing the baseline environmental footprint of their animal production using their actual farm and feed data rather than industry averages and proxy data sets, and then developing case-specific intervention scenarios known as ‘what-if’ models to make measurable sustainability improvements.

By providing deep insights into farm-level emissions Sustell™ opens new possibilities for the wider value chain, including the ability to certify and incentivize sustainable farm practices. For example, retailers and financial institutions will be able to objectively manage the risks and opportunities relating to the environmental footprint of animal protein. In addition, Sustell™ enables farmers to accurately forecast the impact of sustainability measures on financial performance.

Hans Blonk, CEO Blonk Consultants & Blonk Sustainability Tools: “We are excited to be launching Sustell™ today alongside DSM – a truly intelligent sustainability service that is front and center to our mission at Blonk – to support organizations in addressing the challenge of making the global production and consumption of food more sustainable.”

David Nickell, VP Sustainability & Business Solutions DSM Animal Nutrition & Health: “Sustell™ achieves the seemingly impossible – simplifying the complexity of measuring, validating and improving the environmental sustainability of animal protein transparently, scientifically, farm by farm, system by system. Animal farming companies and the associated value chain, have, for the first time, a powerful solution to measure, compare and improve the sustainability of animal protein.”

Ivo Lansbergen, President DSM Animal Nutrition & Health: “To sustainably feed almost 10 billion people by 2050 within our planetary boundaries, we must apply new thinking, technologies and business models. Together, we must shift away from criticizing animal farmers for their environmental impact and instead help and support them by providing the tools and systems to improve the sustainability footprint of animal farming. In line with this ambition, Sustell™ is a first-of-its-kind service that will enable positive change for business and the environment – and help deliver on our purpose of creating brighter lives for all.”

By leveraging digital and data-driven solutions such

Agrotech, Pulses, Webinar

The webinar will be a focused discussion on Chickpeas and Lentils including key factors like production, demand-supply scenario, etc. in India and Australia

 India Pulses and Grains Association (IPGA), the nodal body for India’s pulses trade and industry will be hosting a Chickpeas and Lentils  webinar under the aegis of ‘THE IPGA KNOWLEDGE SERIES’ at 3.30 pm IST on Thursday, May 13, 2021. IPGA is co-hosting this webinar with Pulse Australia and Austrade.

This webinar aims to present an update on the Australian and Indian crop status covering two specific pulses, chickpeas and lentils, discussing aspects like production in the last season, supply-demand scenario, expected trade volumes and price as well as the impact of the ongoing COVID-19 pandemic on production as well as trade. The IPGA KNOWLEDGE SERIES consists of webinars hosted with eminent domain experts from the Government, Market, and Industry to discuss and explore topics of critical interest to the pulses sector in India and the world at large.

The webinar is organised as a part of the Australian Government’s Australia India Business Exchange (AIBX) program, aimed at growing two-way business literacy and commercial partnerships between Australia and India.

It will consist of a four-speaker panel discussion, with two speakers each from India and Australia. India will be represented by Anurag Tulshan, Managing Director – Esarco Exim and IPGA’s East Zone Convenor and Nirav Desai, Managing Partner – GGN Research. Australia will be represented by Nick Poutney, Director – Pulse Australia and Peter Wilson, Managing Director – Wilson International Trade. While Tulshan and Poutney will speak about Lentils, Desai and Wilson will speak about Desi and Kabuli Chickpeas. The opening remarks for the webinar will be delivered by Saurabh Bhartia, Head Pulses, Viterra India and closing remarks will be delivered by Stuart Rees, Senior Trade & Investment Commissioner, Austrade.

Registration and attendance of the webinar are free of cost. Attendees can register at https://forms.gle/ykdedKtWrTozQ8VBA. 

 

 

 

 

The webinar will be a focused discussion

Agro chems – Pesticides, R&D

The Climate Impact Study showed that BIOSt Nematicide reduced greenhouse gas (GHG) emissions by 85 percent in soybeans and 87 percent in corn compared with conventional pesticides

 

 Marrone Bio Innovations, Inc., an international leader in sustainable agricultural biological solutions, announced that BIOSt Nematicide seed treatment product, achieved an outstanding climate impact score of 9.8 out of 10.

The Climate Impact Study showed that BIOSt Nematicide reduced greenhouse gas (GHG) emissions by 85 percent in soybeans and 87 percent in corn compared with conventional pesticides. The independent study, conducted by Boundless Impact Research & Analytics, assessed GHG emissions, human and environmental safety, and product performance against similar conventional and biological pesticides used in seed treatment.

BIOSt Nematicide, a novel, broad spectrum biological seed treatment, was launched in 2016 to protect crops against certain plant parasitic nematodes and soil-dwelling insect pests. It is approved for conventional and organic use and is safe for human use, pollinators (such as bees), and aquatic life. Today, BIOSt Nematicide is used by an estimated 17,000 growers on more than 11 million acres of row crops in the U.S.

Conservative estimates show that for every million acres of soybeans and corn seed treated with BIOSt Nematicide, more than one million pounds of carbon dioxide (CO2) emissions are reduced respectively. This is equivalent to the amount of carbon sequestered in one year by nearly 600 acres of U.S. forestland.1 If BIOSt Nematicide was used on the entire projected 87.6 million U.S. soybean plantings for 2021, the CO2 emission reduction would potentially equal more than 43,000 metric tons, comparable to removing nearly 10,000 passenger cars from the road. 

“This study provides further evidence as to the contributions our products can make toward protecting the environment by reducing greenhouse gas emissions and providing a safe habitat for pollinators,” said Kevin Helash, chief executive officer of MBI. “Biological products now account for roughly one-third of all active ingredients used in agriculture. Their increasing adoption has been a testament to their efficacy, safety and sustainability, and Marrone Bio has been a leader in this growth.”

The Climate Impact Study showed that BIOSt

Organic, Trade

The exports of millets to Denmark would expand export opportunities in European countries

In a major boost to organic products exports from the country, the first consignment of millets grown in the Himalayas from snow-melt water of Ganges in Dev Bhoomi (Land of the God), Uttarakhand would be exported to Denmark.

APEDA, in collaboration with Uttarakhand Agriculture Produce Marketing Board (UKAPMB) and Just Organik, an exporter has sourced and processed ragi (finger millet), and jhingora (barnyard millet) from farmers in Uttarakhand for exports, which meets the organic certification standards of the European Union. UKAPMB procured millets directly from these farmers which have been processed in the state-of-art processing unit built by mandi board and operated by Just Organik.

The exports of millets to Denmark would expand export opportunities in European countries. The exports would also support thousands of farmers that are getting into organic farming.

Meanwhile, India’s export of organic food products rose by more than 51 per cent to Rs 7078 crore ($1040 million) during April-February (2020-21) compared to the same period in the previous fiscal (2019-20). In terms of quantity, the exports of organic food products grew by 39 per cent to 888,179 MT during April-February (2020-21) compared to 638,998 MT shipped in April- February.

India’s organic products have been exported to 58 countries including the USA, European Union, Canada, Great Britain, Australia, Switzerland, Israel and South Korea. In order to facilitate the trade between major importing countries, negotiations are underway with Taiwan, Korea, Japan, Australia, UAE, New Zealand for achieving Mutual Recognition Agreements for exports of organic products from India.

 

The exports of millets to Denmark would

Agrotech, Live Stock

Bio-Cide is a leading multi-specialty source of chlorine dioxide-based antimicrobial technology

Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 per cent of the world with its products and services, has announced that it has acquired Norman, Oklahoma-based Bio-Cide International, Inc. (Bio-Cide), a leading multi-specialty source of chlorine dioxide-based antimicrobial technology.

As a leader in livestock and poultry nutrition, pet food and rendering, food safety, human health and more, Kemin is working to strengthen safety throughout all stages of the food chain. Bringing a fellow leader in antimicrobial solutions into the organisation aligns with Kemin’s decades-long focus in this space.

As Kemin works toward its vision to sustainably transform the quality of life with its products and services, it is dedicated to fostering healthy people, a healthy planet, and healthy business.

The acquisition adds several new technologies to the existing Kemin portfolio of antimicrobial and food safety solutions, including: 

  • Oxine and Pro-Oxine: Effective, fast-acting, broad-spectrum antimicrobial solutions for food processing, equipment, water and animal health applications.
  • Keeper and Keeper Professional: Antimicrobial agents used to eliminate pathogens, extend shelf-life and improve the quality of red meat, seafood, poultry and post-harvest fruit and vegetable products.
  • Purite: A preservative formulated for use in prescription and over-the-counter eye care products.

Bio-Cide’s product offerings align with Kemin’s Animal Nutrition and Health; Human Nutrition and Health; and Food Technologies business units. Bio-Cide’s portfolio also presents the opportunity for Kemin to expand its range of solutions and serve new industries. 

Bio-Cide is a leading multi-specialty source of

Finance, Machinery – Post-harvesting

Net sales of Industrial Activities of $7,043 million, up 41 per cent due to higher volumes, were driven by strong industry demand, particularly in Agriculture and Commercial and Specialty Vehicles 

CNH Industrial reported record first quarter FY 2021. Consolidated revenues of $7.5 billion (up 37 per cent compared to Q1 2020), net income of $425 million, adjusted diluted EPS of $0.32, and adjusted EBIT of Industrial Activities of $545 million (up $693 million), with strong performance from all segments year over year. Industrial Activities net cash of $0.6 billion at March 31, 2021, with free cash flow seasonally negative by $0.4 billion.

Financial results presented under U.S. GAAP

Net sales of Industrial Activities of $7,043 million, up 41 per cent due to higher volumes were driven by strong industry demand, particularly in Agriculture and Commercial and Specialty Vehicles, together with favourable price realization, primarily in Agriculture.

Adjusted EBIT of Industrial Activities of $545 million (loss of $148 million in Q1 2020), with all segments up year over year. Agriculture adjusted EBIT margin above 13 per cent, Powertrain above 9 per cent and Construction at 3.8 per cent. Commercial and Specialty Vehicles adjusted EBIT of $76 million, the highest in Q1 since 2013.

Adjusted net income of $454 million, with adjusted diluted earnings per share of $0.32 (adjusted net loss of $66million in Q1 2020, with adjusted diluted loss per share of $0.06).

Reported income tax expense of $157 million and adjusted income tax expense of $143 million, with adjusted effective tax rate (adjusted ETR) of 25 per cent, which reflects a jurisdictional mix of pre-tax results and net discrete tax charges.

Free cash flow of Industrial Activities was negative $0.4 billion as a result of lower than historical seasonal working capital cash absorption. Total Debt of $23.8billion at March 31, 2021 ($26.1billion at December 31, 2020). Industrial Activities net cash position at $0.6billion, a decrease of $0.2billion from December 31, 2020.

Available liquidity at $13.9 billion as of March 31, 2021. On February 26, 2021, CNH Industrial N.V. extended by one year, to March 2026, its syndicated committed revolving credit facility for €3,950.5 million. In March 2021, CNH Industrial Finance Europe S.A. repurchased all its outstanding notes due May 23, 2022, equalling €316 million (~$371million).

Net sales of Industrial Activities of $7,043

Agrotech, IT

 It facilitates driver-independent, field-specific and site-specific documentation that help to obtain a complete overview of each field worked taking account of all recorded parameters. 

Climate FieldView™, the flagship product of The Climate Corporation (Bayer’s digital farming arm), and CLAAS TELEMATICS can now be connected through the CLAAS API (application programming interface) to enable easy data exchange for field-specific, site-specific documentation.

Reliable data is essential for precision farming. Successful fertiliser, crop protection and planting and sowing strategies depend upon access to accurate information about the previous years’ yields and site-specific yield differences. To ensure this vital information is provided seamlessly, and at farmers’ discretion, the FieldView platform and the CLAAS TELEMATICS portal can now be connected via the CLAAS API – offering access to new data science capabilities by ensuring seamless transfer of harvest information and insights from CLAAS TELEMATICS to FieldView.

Overview of API in Action

CLAAS is one of the world’s leading manufacturers of agricultural machinery. The Automatic Documentation add-on option in CLAAS TELEMATICS facilitates driver-independent, field-specific and site-specific documentation – making it possible to obtain a complete overview of each field worked taking account of all recorded parameters. And, in addition to machine data and consumption figures, yield data and measurements from NIR sensors, for example, can also be documented. When a farmer or contractor connects their CLAAS TELEMATICS account to their FieldView account via the CLAAS API, the documented harvest values from the TELEMATICS system are retrieved and sent to the FieldView user’s inbox as posting proposals. From there, the customer can select the files they’d like to sync with their FieldView account and further process the complete field-related documentation in FieldView.

With this connectivity, yield values and yield maps from a CLAAS combine harvester can be used in FieldView to generate site-specific planting prescriptions or fertiliser maps for the coming season – helping farmers increase their profitability, actively manage risk and save valuable time by gathering data and conducting analysis all in one place.

 

 It facilitates driver-independent, field-specific and site-specific documentation

Acts & Schemes – Centre, Pulses

The mini kits will be supplied by the Central agencies/ state agencies to the destination at the district level approved under the strategy by 15th June, 2021 with the total cost of Rs 82.01 crores 

To attain self-sufficiency in the production of pulses, the Ministry of Agriculture and Farmers Welfare has formulated a special Kharif strategy for implementation in the ensuing Kharif 2021 season. Through consultations with the state governments, a detailed plan for both area expansion and productivity enhancement for Tur, Moong and Urad has been formulated. Under the strategy, utilising all the high yielding varieties (HYVs) of seeds that are available either with the Central Seed Agencies or in the States will be distributed free of cost to increase area through intercropping and sole crop.

For the coming Kharif 2021, it is proposed to distribute 20, 27,318 (almost 10 times more seed mini kits than 2020-21) amounting to Rs. 82.01 crores. The total cost for these mini-kits will be borne by the Central Government to boost the production and productivity of tur, moong and urad.

The mini kits will be supplied by the Central agencies/ state agencies to the destination at the district level approved under the strategy by 15th June, 2021 with the total cost of Rs 82.01 crores to be borne by the Central Government. India is still importing around 4 lakh tonnes of tur, 0.6 lakh tonnes of moong and around 3 lakh tonnes of urad for meeting its demand. The special programme will increase the production and productivity of the three pulses of Tur, Moong and Urad to a great extent and will play an important role in reducing the import burden and usher India to become Aatmanirbhar in the production of pulses.

For effective implementation of the Kharif mini kit programme, a massive outreach with the concerned district will be held both through a series of webinars by the central government and state governments concerned to ensure that there are no hiccups.  District level training programmes during the crop season will be organized through the District Agriculture Office and the ATMA network for good agriculture practices and the use of new seeds in subsequent seasons as well. The Agricultural Technology Application Research Institutes (ATARIs) and Krishi Vigyan Kendras will also be roped in for effective implementation and training to the farmers.

The mini-kits used for intercropping and urad sole crop will cover an area of 4.05 lakh hectare in the Kharif season 2021 to be funded by the Central Government. In addition to this, the usual programme of intercropping and area expansion by the states will continue on a sharing basis between the Centre and State.

Tur intercropping will be covered in 11 states and 187 districts. The states are Andhra Pradesh, Chattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Telangana and Uttar Pradesh.

Moong intercropping will be covered in 9 states and 85 districts. The states are Andhra Pradesh, Gujarat, Haryana, Karnataka, Maharashtra, Rajasthan, Tamil Nadu, Telangana and Uttar Pradesh.

Urad intercropping will be covered in 6 states in 60 districts. The states are Andhra Pradesh, Madhya Pradesh, Karnataka, Maharashtra, Tamil Nadu and Uttar Pradesh. Urad sole cropping will be covered in 6 states.

 

The mini kits will be supplied by

Agro chems – Chemicals, Agro chems – Pesticides, Finance, Seeds

New product sales in Crop Protection increased more than $120 million compared to prior year.

Corteva, Inc. has reported financial results for the three months ended March 31, 2021. Ongoing penetration of new products, coupled with favourable overall market fundamentals, drove volume and price gains globally. First quarter 2021 net sales and organic1 sales both increased 6 per cent versus prior year. Gains were reported in most regions, led by double-digit growth in Latin America. 

Sales of new and differentiated products drove volume and price gains in Crop Protection. Net sales and organic1 sales both grew 12 per cent, with double digit net sales increases in every region. New product sales in Crop Protection increased more than $120 million compared to prior year.

Seed net sales rose 2 per cent and organic1 sales grew 3 per cent year over year, driven by continued new product penetration and local price gains which more than offset the impact of seasonal timing of seed deliveries in North America.

GAAP income and earnings per share (EPS) from continuing operations were $613 million and $0.81 per share for the first quarter 2021, respectively. Strong price execution and volume gains, which collectively more than offset cost headwinds, drove an Operating EBITDA1 increase of 14 per cent to $904 million versus the same quarter last year.

The Company experienced market-driven cost headwinds in the quarter, including cost increases in freight and logistics, as well as raw materials. These headwinds were partially offset by the Company’s ongoing execution on its productivity programs. SG&A expense as a percentage of sales improved approximately 160 basis points.

Management increased full year 2021 net sales guidance3 to a range of $14.6 to $14.8 billion – and affirmed full year 2021 Operating EBITDA1 guidance in the range of $2.4 billion to $2.5 billion.

“Building on the momentum from the finish in 2020, the first quarter 2021 results reflect continued strong execution from our global teams. Corteva delivered increased sales across both Seed and Crop Protection, substantial Operating EBITDA1 growth and margin expansion. This performance demonstrates demand for the innovative and differentiated technology that we bring to the market and the ongoing cost and productivity performance, while also managing externally driven cost headwinds.

The first quarter results further demonstrate our commitment to delivering value for our shareholders, which is reflected in the return of approximately $450 million in the first quarter via share repurchases and dividends. We expect to complete the majority of our $1 billion authorized share repurchase program by the end of the first half of 2021.

New product sales in Crop Protection increased

R&D

Microplastics do not just end up in the open sea, in fact, a lot also end up in the ecosystems of the coastal zones

A recent study by the University of Southern Denmark shows that microplastics do not just end up in the open sea – in fact, a lot also end up in the ecosystems of the coastal zones- which may threaten wildlife.

Mangroves and seagrasses grow in many places along the coasts of the world, and these ’blue forests’ constitute an important environment for a large number of animals. However, the plant-covered coastal zones do not only attract animals but also microplastics, a new study shows.

“The denser the vegetation, the more plastic is captured”, says Professor and expert in coastal ecology, Marianne Holmer, from the University of Southern Denmark. She is concerned about how the accumulated microplastics affect animal and plant life.

Another problem with microplastics is that they may be covered with microorganisms, environmental toxins or other health hazardous/disease-promoting substances that are transferred to the animal or plant that absorbs the microplastics.

“When microplastics are concentrated in an ecosystem, the animals are exposed to very high concentrations”, Marianne Holmer explains.

The study is based on examinations of three coastal areas in China, where mangroves, Japanese eelgrass (Z. japonica) and the paddle weed Halophila ovalis grow. All samples taken in blue forests had more microplastics than samples from control sites without vegetation.

The concentrations were up to 17.6 times higher, and they were highest in the mangrove forest. The concentrations were up to 4.1 times higher in the seagrass beds.

Researchers also believe that microplastics bind in these ecosystems in the same way as carbon; the particles are captured between leaves and roots, and the microplastics are buried in the seabed.

Microplastics do not just end up in

Acquaculture

AquaXcel can enable faster fry growth, increase survival rate, and reduce feed waste

Cargill has started producing AquaXcel feed in its Serang plant with the aim of enabling aquaculture customers to thrive by achieving more sustainable growth. As a leading started to feed in the industry, AquaXcel can enable faster fry growth, increase survival rate, and reduce feed waste.

To commemorate this occasion, a video conference was held which was attended by government officials and Cargill aqua feed customers and partners in Indonesia

Finding a good starter feed can be challenging for aqua farmers in Indonesia, due to a lack of options of starter feed, low survival rate of fingerlings, as well as prolonged days of cultivation. AquaXcel, which adopts a formulation with specialized immune-boosting ingredients, can help farmers address these challenges and achieve more sustainable growth.

Cargill Aqua Nutrition strives to offer the right nutrition to support healthier fry growth, helping serve the needs of the producers and consumers.

“Cargill Aqua Nutrition’s expertise in the global supply chain and risk management allows us to offer distinctive value to our customers through the production of high-quality feeds and efficient distribution,” Sarawoot (Pop) Chittratanawat, Managing Director of Cargill Aqua Nutrition, Malaysia and Indonesia.

 

AquaXcel can enable faster fry growth, increase

Agrotech, Transportation

With over 2 dozen industry-first features to call itself the most innovative tractor of India.

Proxecto launches India’s First Fully Automatic Hybrid tractor with no battery packs. With over 2 dozen industry-first features to call itself the most innovative tractor of India. HAV tractors which were first showcased in the world’s largest Agritechnica event in Germany in November 2019, are already making noise in the Indian market for being the first made-in India Hybrid Tractor with no battery packs. 


Top Features

  • Future Ready Electric Tractor- The only Hybrid tractor technology in India without battery packs, which has the capability to run on multiple fuel options.
  • Fully Automatic – AWED Technology (All Wheel Electric Drive)-The only tractor in India with all-wheel electric drive with no clutch, no gear, and simple three-mode operations, forward – neutral – reverse to ease out the human effort of the farmers.
  • Eco Friendly- HAV Tractors promises to save up to 28 per cent with S1 and up to 50 per cent with S2 fuel in comparison to traditional tractors.
  • All Wheel Independent Suspension along with height adjustment.
  • First in India – MCS (Max Cover Steering)with almost zero effort steering system with the lowest turning radius of 2.7m.
  • Dynamic, innovative, and modern design with interactive steering mounted HMI display- An interactive steering mounted HMI display to control the equipment and further reduce human labour.
  • Electric PTO along with Electric output to run field equipment like water pumps and even run house electricity up to 40KVA – 3Phase.
  • Several Safety and Comfort features for farmers to have hassle-free fieldwork.

 

 

With over 2 dozen industry-first features to

Agro chems – Chemicals, Europe

It conveys the intention to submit an all-cash voluntary tender offer for its entire share capital at a price of EUR 17.30 per share which will not be reduced by the expected dividend of Eur 0.55/share. 

Syngenta Crop Protection AG, together with Valagro S.p.A. has confirmed that the two companies have submitted a non-binding expression of interest to the Board of Directors of SICIT Group S.p.A., listed on the MTA, Star Segment, of Borsa Italiana. This expression of interest conveys our intention to submit an all-cash voluntary tender offer for its entire share capital at a price of EUR 17.30 per share which will not be reduced by the expected dividend of Eur 0.55/share, subject to limited confirmatory due diligence and approval by the Syngenta Group Board of Directors.

Our non-binding expression of interest is submitted on an open, transparent and friendly basis to SICIT Group and its key stakeholders. We believe that there is an enormous potential that a combination between Syngenta, Valagro and SICIT Group can offer to shareholders, clients, employees and stakeholders such as the tanneries in the Arzignano district in terms of value creation, return and stability regarding the continuation of the collection service arrangements in the district.

In this prospect, we see in particular the relationship with Intesa Holding as key to the success of the proposed transaction and the potential future achievements of SICIT Group. Accordingly, our preference would be for Intesa Holding to remain as a long-term shareholder and we are ready to discuss adequate structuring solutions towards that objective.

We are working expeditiously on putting together the offer and will consider as soon as possible the submission of a Notification pursuant to Article 102 and 106, fourth paragraph, of the Italian Financial Act.

It conveys the intention to submit an

Agro chems – Chemicals, Trade

Aims to expand into the Agrochemical export and foray Agrochemical Technical Manufacturing segment 

 Safex Chemicals India Limited, a leading agrochemical company in India, has announced acquiring Mumbai-based Shogun Organics Limited. The acquisition will provide Safex with a platform to backwards integrate into the agrochemical technical segment and enter the Home Care & Agrochemical Technical Manufacturing segment. Meanwhile, the promoters of Safex, SK Chaudhary, Neeraj Jindal, Rajesh Jindal and Piyush Jindal will join the board of Shogun Organics.

 Founded in 1991 by late SK Jindal and SK Chaudhary, Safex manufactures and sells branded agrochemicals that help enhance the protection and productivity of Indian crops. The company has redefined the branded formulations segment in the Indian agrochemical market, through its unique multi-brand model and direct distribution strategy. It recently raised $50 million from leading India-focused growth private equity firm, ChrysCapital.  Shogun Organics, is a market leader in the Indian home care technical segment and the company has approvals for manufacturing technicals for agrochemicals. The transaction was advised by Investec India (sole financial advisor) and Rohilla & Co. (legal counsels). 

Commenting on the acquisition, Neeraj Jindal, Director, Safex, said, “We are pleased to welcome Shogun Organics and its team as part of the Safex Group. We believe Shogun Organics with its dominant leadership position in the Indian home-care technicals segment, strong customer relationships and export capabilities is an ideal fit for the next phase of Safex’s growth journey. We intend to leverage Shogun’s existing infrastructure to backwards integrate into the agrochemical technicals segment and expand into the agrochemical exports market”.

“Safex is excited to partner with Shogun’s management team in its growth journey. Home care technicals is an attractive market and Shogun has consistently maintained more than 50 per cent market share in the segment. We believe there are strong synergies between the two companies and the combined entity would provide a platform which will further propel Safex into a marquee player in the agrochemical and home care technicals segment”, said Piyush Jindal, Director – Safex.

Safex is amongst the fastest growing agrochemical companies in India with a 26 per cent revenue CAGR over the past 4 years. It has consistently outperformed the industry in 9 out of the last 10 years. Today, Safex has a pan-India presence with a network spanning 10,000+ distributors across 17 states.

Aims to expand into the Agrochemical export