ADAMA Agricultural Solutions News
18 articles
ADAMA Announces Gaël Hili as President and CEO Replacing Steve Hawkins
ADAMA Ltd. has announced the appointment of Gaël Hili as its new President and CEO, effective October 1, 2024. Hili will replace Steve Hawkins, who will become President of Syngenta Crop Protection. Hili brings extensive experience in the agriculture industry and aims to accelerate ADAMAs transformation plan, which focuses on improving financial health and operational excellence. The plan includes changes in senior leadership, an evolved operating model, and a focus on high-margin products and strategic crop segments. The goal is to meet profit and cash targets over the next three years, enhancing value for all stakeholders.
Management Changes
ADAMA Reports First Quarter 2024 Results
ADAMA Ltd. reported its financial results for Q1 2024, showing a 16% decline in sales to $1,057 million. Despite the sales drop, the company improved its gross margin to 27.2% and significantly enhanced its cash flow. ADAMA is implementing a three-year transformation plan aimed at improving business quality and repositioning itself in the market. The company faced challenges such as lower market prices, high competition, and unfavorable weather conditions. The ongoing war situation in Israel and shipping obstructions also impacted operations. Despite these challenges, ADAMA launched and registered several new products in various markets.
Customers
ADAMA Appoints Two New Management Members: Florian Wagner to EVP Portfolio and Innovation; Ruthie Zeltzer to EVP People
ADAMA Ltd., a global crop protection company, announced the appointment of Florian Wagner as Executive Vice President (EVP) Portfolio and Innovation, and Ruthie Zeltzer as EVP People. Florian Wagner, with a background in product development and marketing from Syngenta, will manage ADAMAs portfolio lifecycle and innovation processes. Ruthie Zeltzer, with extensive experience in HR from Merck Pharmaceuticals, will focus on enhancing ADAMAs organizational culture. These appointments aim to drive growth and value for customers and strengthen the companys internal culture. The new EVP Portfolio and Innovation role replaces two previous roles, indicating a strategic shift in the companys management structure.
Management Changes
ADAMA Receives Registration for ACTAVAN®, its First Global Bio-Fungicide, in Peru
ADAMA Ltd., a leading crop protection company, announced the registration of its global bio-control product, ACTAVAN®, in Peru. Developed in collaboration with New Zealands Waikaitu Ltd., ACTAVAN® is a bio-fungicide that uses plant extracts to prevent fruit rots and improve the quality of crops such as grapes and berries. The product is compatible with organic farming and integrated pest management practices. ADAMA plans to register ACTAVAN® in other Latin American countries and regions like Asia-Pacific and Europe. This innovation complements ADAMAs existing portfolio and supports sustainable agricultural practices.
PartnersCustomers
הפתרון לעליית המחירים? זו חברת החקלאות הישראלית שנמצאת בצמיחה
Israeli agriculture company, Adama, has reported strong sales growth in the first quarter of 2022. Sales increased by approximately 28% to a record quarterly high of $1.42 billion, driven by an 18% price increase and a 14% quantity growth. The company also saw a reduction in operational expenses. Adama attributes the rise in global commodity prices, particularly due to the conflict in Europe and the ongoing drought in parts of South America, as the reason for increased demand for crop protection products. The company aims to maximize crop yields in a high-price environment. Adamas president and CEO, Ignacio Dominguez, expressed satisfaction with the results and highlighted the importance of crop protection in ensuring global food security.
Customers
ADAMA completes acquisition of majority stake in Huifeng's crop protection manufacturing facilities
ADAMA Ltd. has completed the acquisition of a 51% stake in Huifengs key crop protection synthesis and formulation facilities. The total cash consideration for the transaction is approximately RMB 1,224 million ($192 million). With this acquisition, ADAMA now owns a majority stake in one of Chinas leading crop protection manufacturers, enhancing its commercial presence in the China market and driving global growth. ADAMA gains access to competitive positions in key global molecules and expects significant growth through its worldwide market reach. The completion of the acquisition positions ADAMA to achieve its growth ambitions in China and globally.
Acquisition
אדמה: צמיחה של 14% במכירות ברבעון לשיא של 1.1 מיליארד דולר
Adama, a Chinese company specializing in the development of pesticides for agricultural and other uses, reported strong business growth in Q1 2021. The companys sales grew by 14% in the first quarter to a record $1.11 billion, thanks to a robust quantitative growth of 15%. The company attributes this growth to the rise in commodity prices worldwide, strong global demand due to concerns about nutritional security following the COVID-19 pandemic, recovery in demand for biofuels, and increased demand for livestock food, especially in China.
Customers
ADAMA Becoming a Distinctive Member of Newly-formed Industry Leader Syngenta Group
ChemChina and Sinochem are consolidating their agricultural businesses into a new holding company called the Syngenta Group Co. The Group aims to become the worlds leading agriculture inputs company. The consolidation will strengthen the alignment between the companies and capitalize on value creation and synergy opportunities. ADAMA, Syngenta, and Sinochems agriculture-related activities will be part of the newly-formed Group. Chen Lichtenstein, the President and CEO of ADAMA, will become the CFO of Syngenta Group. Ignacio Dominguez is intended to be appointed as the President and CEO of ADAMA. The appointments are expected to take effect in the first quarter of the year.
PartnersManagement Changes
ADAMA Partners With Tactical Robotics: Elevating Farming to New Heights
ADAMA Ltd. has partnered with Tactical Robotics Ltd. for a joint feasibility study on a High-Payload, Unmanned Aerial Vehicle (UAV) for Aerial Spraying. The partnership aims to develop the Ag-Cormorant, an innovative solution for aerial spraying. The Ag-Cormorants unmanned operation and unique design promote safety in aerial spraying and offer improved capabilities. ADAMA sees the potential of leveraging its crop protection portfolio with Tactical Robotics capabilities to provide valuable services and products for farmers. Tactical Robotics is impressed by ADAMAs forward thinking and innovative spirit. ADAMA Ltd. is a leading global crop protection company, while Tactical Robotics Ltd. is an Israeli aerospace company.
Partners
ADAMA Signs MOU to Acquire Huifeng's Crop Protection
ADAMA Ltd. has entered into a non-binding memorandum of understanding with Jiangsu Huifeng Bio Agriculture Co., Ltd for the potential acquisition of key parts of its crop protection business. This potential acquisition will enhance ADAMAs business globally and in China, providing access to competitive positions in key molecules and a wider product portfolio. Huifeng, a former supplier to ADAMA, had halted production due to an investigation by environmental regulators but has since invested resources to rectify environmental matters. The potential transaction is subject to the resolution of environmental issues and the completion of due diligence and regulatory approvals.
Acquisition
ADAMA Rings Bell at SZSE to Celebrate Its Unified Name, Achieving Final Combination Milestone
ADAMA Ltd., a leading global crop protection company, announced that its shares will begin trading under the name ADAMA on the Shenzhen Stock Exchange. The change of the companys name from Hubei Sanonda Co., Ltd. to ADAMA Ltd. was approved by shareholders and formally reflected in the companys business license. The companys A-share and B-share stock codes will remain the same. ADAMAs President and CEO, Chen Lichtenstein, will participate in a bell-ringing ceremony at the Shenzhen Stock Exchange to commemorate the occasion. ADAMA aims to simplify agriculture by providing farmers with effective products and services to control weeds, insects, and disease.
Public Trading
Another Strong Start of Year for ADAMA
ADAMA Agricultural Solutions reported a strong first quarter for 2017, with sales of $843 million, a gross profit increase of 5.2% to $311 million, and a record high net income of $114 million, up 13.3%. The company also reported a reduction in inventory of $74 million and a decrease in net debt of $248 million compared to Q1 of the previous year. The company is awaiting final CSRC consent for its combination with Sanonda.
CustomersPartners
ADAMA Reports Best Ever Results for Combined Company
Adama Agricultural Solutions Ltd. reported a 13.0% increase in Q4 sales to $821 million, driven by an 11.3% volume growth. Full year sales were up 5.8% to $3,523 million, driven by 8.0% growth in volume. The company also reported a gross profit increase of 20.2% to $265 million in Q4 and a full year gross profit increase of 14.8% to $1,237 million. The company also raised $240m in new equity from six of Chinas leading institutional investors.
Investment
Syngenta, Adama Agricultural Solutions to sell crop protection portfolio for $490 million - Triad Business Journal
Adama's Combination with Sanonda Approved
Adama Agricultural Solutions has received approval from the China Securities Regulatory Commission for its merger with Sanonda. The combined company, which will operate under the Adama name, is expected to be the only integrated Global-China crop protection company, with combined 2016 sales of $3.35 billion. The company will be publicly traded on the Shenzhen Stock Exchange. The combined company intends to raise around $250 million in new equity to accelerate its growth. The companys pro-forma equity is valued at approximately $4.6 billion, with a pro-forma enterprise value of approximately $5.7 billion.
AcquisitionPublic TradingInvestment
ChemChina seals combination of Israel's Adama with Sanonda
ChemChina is selling Adama Agricultural Solutions to Hubei Sanonda Co Ltd for $2.8 billion, paving the way for completing a previously announced combination of the two businesses and listing it on the stock market. The deal values Adama at $5 billion including $1 billion in debt. The reverse merger allows Adama to be listed on the Shenzhen Stock Exchange and gain a foothold in Chinas agricultural market. Adamas CEO believes the company can grow faster in China than in the rest of the world. The deal is expected to be fully complete in the first half of 2017.
AcquisitionPublic Trading
Adama And Phytech Announce Commercial Partnership
Adama Agricultural Solutions and Phytech have entered into a commercial collaboration to establish Adama as the preferred business partner for the global commercialization of Phytechs PlantBeat System. The PlantBeat System is an alert-driven system that combines predictive algorithms, data analysis, and other features that can impact the quality and yield of crops.
Partners
http://www.jpost.com/Business/Business-News/Makhteshim-Agan-ChemChina-complete-record-24b-merger
Israeli start-up NoTraffic has raised $50 million in a Series B funding round. The companys AI-powered solution retrofits onto existing infrastructure, offering traffic management, enhanced safety, and efficiency through a SaaS platform and smart sensor technology.
Investment
