Kumiai Chemical Industry Co., Ltd. and Corteva Agriscience (Corteva) entered into an agreement on September 6, 2019 regarding the transfer of the Bensulfuron-Methyl business in Asia Pacific Countries, excluding China, from Corteva to Kumiai Chemical. The agreement is expected to close in late September/early October and both Corteva and Kumiai are committed to working together to ensure the smooth transition of the business.
Kumiai Chemical Industry Co., Ltd. and Corteva Agriscience (Corteva) entered into an agreement on September 6, 2019 regarding the transfer of the Bensulfuron-Methyl business in Asia Pacific Countries, excluding China, from Corteva to Kumiai Chemical. The agreement is expected to close in late September/early October and both Corteva and Kumiai are committed to working together to ensure the smooth transition of the business.
Bensulfuron-Methyl is a broad spectrum systemic herbicide which can control a wide range of broad leaf weeds and sedges in both of transplanted rice and direct seeded rice, and, distributed in Japan, India and other rice-growing countries under several brands including Londax and Londax Power. Kumiai Chemical is one of the first developers of Bensulfuron-Methyl containing products in Japan and distributing such products under several brands including Topgun and Wolf-Ace.
In its medium-term business plan for FY 2018 through FY 2020, Kumiai Chemical as a group has, with the aim of becoming a strong corporate group that can grow sustainably into the future, set a net sales target of JPY 116 billion for FY 2020, and JPY 140 billion or greater for FY 2022 in its post-medium-term business plan through non-linear growth. Kumiai Chemical will further reinforce its product portfolio and strengthen competitiveness in the market through the acquisition of the Bensulfuron-Methyl business.
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