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Shandong Dacheng Pesticide relocated, investment injected as name changed to Shandong Dacheng Bio-Chemical



As a follow up to government directions, recently Shandong Dacheng Pesticide demolished its old plant in the downtown of Zibo City and decided to build a new plant in the eastern chemical industrial park of the city. The new plant takes a land area of 14 hectares, where land levelling work has started on 26th February this year.
It is said that some strategic investors were introduced into Shandong Dacheng Pesticide last year. Jitai Group, the mother company of Hebei Growsun Chemical, made an input of 60% controlling share in Shandong Dacheng Pesticide; CNAC of ChemChina now holds 40% share. As a result, Shandong Dacheng Pesticide Co., Ltd was renamed Shandong Dacheng Bio-Chemical Co., Ltd, which was incorporated at the end of last year with a registered capital of Yuan 100 million. Shandong Dacheng Bio-Chemical Co., Ltd will inherit the business operations of Shandong Dacheng Pesticide Co., Ltd.
A top management of Shandong Dacheng Pesticide Co Ltd said, “according to the plan of the company, we are going to complete the pesticide formulation project by the end of 2016 and complete the technical material project by the end of 2017. Shandong Dacheng Bio-Chemical will be built into a comprehensive agricultural service provider based upon  biopesticide and special  fertilizer aiming to provide supporting products to the overseas enterprises of ChemChina. ”
Founded in 1949, Shandong Dacheng Pesticide was a share-controlled subsidiary of CNAC of ChemChina, being engaged in chemical pesticide and chlor-alkali businesses. Its pesticide products cover dozens of varieties of the 5 major series-  insecticide , miticide, fungicide,  herbicide and plant growth regulator, with an annual production capacity of 30,000 tons.
Source:        AgroPages.com

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