Newsroom

Hong Kong, China - Rotam First Half Result 2014

Hong Kong, China, 3 November 2014 – Rotam Global AgroSciences Limited is reporting its financial results for its first half fiscal year, starting from 1st of January 2014 to 30th of June 2014. Sales in this period reached USD 158.5 million, up by 33% compared to the corresponding period last year (an increase of USD 39.5 million)

Sales

USD million

First Half 2013

First Half 2014

Change

China

55.5

57.8

4%

NAFTA

8.3

18.3

121%

Latin America

39.3

59.7

52%

Europe

10.0

15.6

56%

Others

5.9

7.2

23%

Total

119.0

158.5

33%

Rotam China sales have been pulled up by the better dynamics of the Chinese market in spring 2014 compared with the difficult climatic conditions in spring 2013 as well as by the launch of an innovative insecticide mixture on rice. The company has also strengthened its field organisation in order to provide a more advanced level of marketing and technical support to a product portfolio that increasingly contains more unique agronomic solutions.

In NAFTA region, Rotam’s strong performance comes from the launch of its Topeka brand (containing Dicamba) where Rotam was able to satisfy its strategic customer base in conditions where market demand remained well above the overall supply position. The very good spring conditions for corn sowing increased the sales of Rotam portfolio in this crop, largely offsetting the slowdown in California where drought continues to impair the vegetable market.

Latin America showed strong performance across the 3 Regions. Despite the challenging economic environment, Argentina doubled its sales thanks to the launch of a new Azoxystrobin based fungicide mixture on field crops as well as repositioning of the herbicide Nicosulfuron outside its historical corn use. In Brazil, sales and prices of insecticides grew in response to threat of Helicoverpa infestation while the herbicides portfolio in sugar cane made some development progress despite the crisis in the sector. Latin America North contributed to the continual growth with new registrations strengthening its product portfolio and strong performance in Venezuela and Ecuador markets.

The progression of Rotam in Europe can be explained by a mix of new registrations in Central Europe as well as higher disease pressure in spring across Northern Europe which boosted the sales of the fungicides portfolio. Rotam has also continued to increase its sulfonylurea market share on cereals which also benefited from the favourable climatic conditions.

-Ends-

 

For more information contact Rotam at press@rotam.com. 


Notes to editor:

More about Rotam

Rotam delivers fully integrated research and development, global product registration, manufacturing, marketing and technical support to produce high quality crop protection products and service within the innovative proprietary post patent market.

Selling branded, finished products in over 60 countries worldwide, the business is supported by a network of strategic partnerships, with national and regional distributors.

Rotam CropSciences Ltd. is owned by Rotam Global AgroSciences Ltd. which operates in CropScience, Veterinary and Public Health sectors.

www.rotam.com