Sumitomo Chemical expands in Europe with Philagro & Kenogard deals

Both Philagro and Kenogard are sales companies that handle agricultural materials, primarily crop protection products, with Philagro focusing on France and Kenogard focusing on Spain as well as Portugal. Philagro was established in 1993 and later became a joint venture of Sumitomo Chemical, Nissan Chemical Corporation, and Nihon Nohyaku Co., Ltd. Kenogard was acquired by several Japanese companies, including Sumitomo Chemical, in 1992, and currently operates as a joint venture of Sumitomo Chemical and Nissan Chemical Corporation. Sumitomo Chemical has positioned these two sales companies as its key sales bases in France and Spain, two of the world’s leading agricultural countries.

Europe is a huge crop protection market, surpassing North America and ranking third after Latin America and Asia. With stringent environmental regulations being increasingly enforced in the region, there is growing anticipation for biorationals to become a pillar for supporting future agricultural production. It is in this context that Sumitomo Chemical has established a strong presence in Europe by offering a wide range of biorationals, as well as chemical crop protection products for sustainable agriculture.

Starting with the full acquisition of shares in the two sales companies, Sumitomo Chemical will accelerate its efforts to further enhance its footprint and product portfolio in Europe. Specifically, the Company will integrate operations of Philagro with Sumitomo Chemical Agro Europe S.A.S., its wholly owned subsidiary supervising the crop protection business in Europe, Middle East, and Africa, while also exploring business reorganization and M&A opportunities, to further expand its crop protection business in Europe. At the same time, the Company will strive to increase the synergies between its chemical crop protection business, including several potential blockbuster fungicides that are currently under development, and its biorationals business. The Company has set a goal of more than doubling sales revenue from its crop protection-related businesses in Europe by 2030.

Sumitomo Chemical remains committed to contributing to sustainable agriculture and the stable supply of food worldwide.

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ALCHEMPro News Desk (HU)