Makhteshim Agan

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ADAMA Agricultural Solutions Ltd.
Type Private
Industry Agribusiness
Founded 1945
Headquarters Tel Aviv Israel
Key people Erez Vigodman, CEO
Yang Xingqiang, Chairman
Products Pesticides
Crop Protection
Agrochemicals
Revenue US$ 3,076.4 million (2013)
Operating income $ 309 million (2013)
Net income $ 127.5 million (2013)
Employees 4,500 (2013)
Parent ChemChina
Website ma-industries.com
References: [1]
Visitors to Makhteshim, 1959
Makhteshim Agan Plant in Brazil

ADAMA Agricultural Solutions Ltd. (formerly Makhteshim Agan Industries Ltd) is a global manufacturer and distributor of branded off-patent crop protection solutions. In 1997, Makhteshim-Agan became a publicly traded company comprising two veteran companies: Makhteshim (1952) and Agan (1945), both involved in the manufacture of crop protection solutions. In 2011 the company was acquired by ChemChina.

For the year ended 31 December 2013, the company reported revenues of US$3.08 billion.[2][3]

History of products[edit]

In 1944, Zvi Zurr and Michael Pikarski established the Agan Cooperative for the development of chemical products for the growing agricultural industry of the fledgling Jewish state. They were later joined by colleagues Israel Tamir and Eliyahu Teomim. In 1954 the cooperative was dismantled and incorporated as a company known as Agan Chemical Manufacturers, for the development and production of herbicides. Zvi Zurr left Agan and relocated to the Negev where, in 1952, Makhteshim Chemical Works, producer and distributor of insecticides and fungicides, was established with funding from the Nir Company of the Histadrut (Labor Federation).

In 1973, Agan relocated once again to larger facilities in Ashdod, where it remains to this day. In the same year, Agan and Makhteshim established a partnership for worldwide distribution of their products. In 1997, the two companies merged to form Makhteshim Agan Industries Ltd., a major player in the industry that provides food for the world’s population.

Acquisition by ChemChina[edit]

In October 2011, Makhteshim Agan was acquired by China National Agrochemical Corporation, a subsidiary of China National Chemical Corporation (ChemChina).[4] ChemChina paid US$2.4 billion to conclude the deal – $1.272 billion to public shareholders and $1.128 billion to Koor Industries.[5] Prime Minister Benjamin Netanyahu described the deal as "a big achievement for the economy of Israel."[6] After the deal, ChemChina owns 60% of the company, with Koor retaining the remaining 40%, and as a result the company’s shares have been delisted from the Tel Aviv Stock Exchange .[7]

In January 2014, Makhteshim Agan rebranded its global business As "ADAMA", the name comes from the Hebrew word for "earth" or "soil".[8]

Operations[edit]

The group has several manufacturing facilities worldwide with key facilities located in Neot Hovav, Beer Sheba, Ashdod and Brazil. In addition, the Group has smaller manufacturing facilities in Colombia, Poland, Spain and Greece. Makhteshim-Agan has the largest generic distribution network in the world, comprising 43 marketing firms throughout the companies' markets in Europe, North America, Latin America, Asia, Pacific, Africa and the Middle East.

Products[edit]

Crop Protection Makhteshim-Agan’s principal area of activity is in crop protection where about 92% of the company’s revenues are generated. The company’s agrochemical product range includes three basic types: herbicides, insecticides and fungicides. These products improve the quality and quantity of crop yields by providing protection from weeds, insects and fungi. In recent years, the Group has increased its portfolio of products and its activities in stable markets.

Non-Agrochemical Products Makhteshim-Agan has exploited its chemical and industrial know-how to develop additional products such as the antioxidant Lycopene, specialty aroma chemicals and other fine chemicals, which account for 8% of the company’s revenues.

Global Subsidiaries[edit]

  • North America
    • United States Alligare
    • United States Bold Formulators
    • Mexico Bravo AG
    • United States Control Solutions
    • United States Farmsaver
    • Costa Rica MA Costa Rica
    • Guatemala MA Guatemala
    • United States MANA
    • Canada MANA Canada
    • United States Quali-Pro
  • South America
    • Brazil Agricur Defensive Agricolas
    • Curaçao Irvita
    • Argentina Magan Argentina
    • Brazil Milenia Agrociencias
    • Ecuador Profiandiana
    • Colombia Proficol Andina
    • Curaçao Quena
  • Africa
    • South Africa MA South Africa
    • Ghana MA West Africa
  • Asia and Pacific
    • Israel Agan Aroma & Fine Chemicals
    • Israel Agan Chemical Manufacturers
    • New Zealand Agronica
    • India Makhteshim Agan India Private Ltd
    • South Korea JK Korea
    • Israel Lycored
    • Australia MA Australia
    • China MA China
    • India MA India
    • Japan MA Japan
    • Thailand MA Thailand
    • South Korea MAGAN Korea
    • Vietnam Makhteshim Agan Industry Vietnam
    • Singapore Makhteshim Agan Singapore
    • Israel Makhteshim Chemical Works
    • Indonesia Royal Agro
  • Europe
    • Bulgaria Agribul
    • Czech Republic Agrovita
    • Greece Alfa Agricultural Supplies
    • Spain Aragonesas Agro
    • Germany Feinchemie
    • Italy Kollant
    • Spain MA Espana
    • France MA France
    • Hungary MA Hungary
    • Italy MA Italia
    • Romania MA Marom
    • Poland MA Poland
    • Switzerland MA Switzerland
    • Portugal MA Portugal
    • United Kingdom MA UK
    • Ukraine MA Ukraine
    • Serbia MAGAN Agrochemicals
    • Italy MAGAN Italia
    • Netherlands Makhteshim-Agan Benelux & Nordic
    • Russia MARUS

Endosulfan[edit]

Makhteshim Agan of North America (MANA), located in North Carolina, is the only U.S. producer of endosulfan, an organochlorine pesticide.[9] The company markets the pesticide under the names Thionex 50W and Thionex 3EC. The United States Environmental Protection Agency announced in June 2010 that it would be banning endosulfan and was in discussions with Makhteshim Agan about discontinuing its manufacture. The director of global governmental and industry relations for the company stated "MANA continues to disagree fundamentally with EPA’s conclusions regarding endosulfan.”[10] A global ban on the use and manufacture of endosulfan is being considered under the Stockholm Convention.[11] MANA made its last production run of Endosulfan in 2010, and it should last for two more years. MANA will then stop selling the product, and will not make any more Endosulfan.

See also[edit]

External links[edit]

References[edit]

  1. ^ "Makhteshim Agan Announces Fourth Quarter and Full Year 2011 Financial Results". PR Newswire (Tel Aviv, Israel). 11 March 2012. Retrieved 11 March 2012. 
  2. ^ Financial Report, FY 2010. "Financial Report, December 31st, 2010". Makhteshim Agan. 
  3. ^ Dun's 100 - Israel's Largest Enterprises 2009 - Company Profile, Dun & Bradstreet, retrieved 2009-10-13 
  4. ^ Yeshayahou, Koby (17 October 2011). "ChemChina completes Makhteshim Agan buy". Globes. Retrieved 18 October 2011. 
  5. ^ Hazani, Golan (17 October 2011). "ChemChina transfers $2.4B for Makhteshim merger". Ynetnews. Retrieved 18 October 2011. 
  6. ^ Ackerman, Gwen (17 October 2011). "Netanyahu Congratulates IDB’s Dankner on Makhteshim Deal Close". Bloomberg Businessweek. Retrieved 18 October 2011. 
  7. ^ "Makhteshim Agan, ChemChina complete record $2.4b. merger". Jerusalem Post. 17 October 2011. Retrieved 18 October 2011. 
  8. ^ Makhteshim Agan To Re-Brand Global Business As "ADAMA", January 28, 2014
  9. ^ Cone, Marla. EPA Bans Pesticide Found on Cucumbers, Zucchini, Green Beans and Other Vegetables. The Daily Green. June 10, 2010.
  10. ^ Martin, David S. EPA moves to ban DDT cousin. CNN. June 10, 2010.
  11. ^ "SUMMARY OF THE FOURTH MEETING OF THE PERSISTENT ORGANIC POLLUTANTS REVIEW COMMITTEE OF THE STOCKHOLM CONVENTION". Earth Negotiations Bulletin 15 (161). October 20, 2008.