On 18th February, 2020, the Hailir Group announced that the corporate registration of its subsidiary in the Philippines was completed with the issuance of corporate registration approval documents by local authorities.
On 18th February, 2020, the Hailir Group announced that the corporate registration of its subsidiary in the Philippines was completed with the issuance of corporate registration approval documents by local authorities.
The establishment of Hailir Philippines Agroservice Inc. is an important step towards Hailir’s intensified international development strategy. At present, the company has obtained cooperative registrations and independent registrations for over 800 products across 50 countries, including Australia and New Zealand. So far, more cooperative registrations are being processed in some 60 countries, including Colombia, Dominica and Kenya while independent registrations are being processed in Brazil and the EU. In July, Hailir announced a plan to invest some Yuan2 million to establish a subsidiary in Brazil, which is the world’s largest agrochemical market. The establishment of subsidiaries in South America and Southeast Asia is a positive response to China’s Road and Belt Initiative, and will further strengthen Hailir’s overseas business growth and brand promotion, backed by its successful registrations that will benefit its long-term competitiveness and profitability.
Some of the company’s projects are currently progressing. In the first half of the year, Hailir completed the construction of a production facility for the second-generation neonicotinoid insecticides, thiamethoxam and clothianidin. The construction of a production facility for the fungicide, prothioconazole technical, and the third-generation neonicotinoid insecticide, dinotefuran technical, is progressing rapidly and is expected to be completed this year.
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