ADAMA Agricultural Solutions
 |
|
| Private | |
| Industry | Agribusiness |
| Founded | 1945 |
| Headquarters | Tel Aviv Israel |
|
Key people
|
Chen Lichtenstein (CEO) Yang Xingqiang (Chairman) |
| Products | Fungicides, herbicides, insecticides, nematicides, seed treatment, crop protection |
| Revenue | US$3.1 billion (2016) |
| US$347 million (2016) | |
| US$183 million (2016) | |
| Owner | ChemChina (100%) |
|
Number of employees
|
5,000 (2016) |
| Parent | ChemChina |
| Website | adama.com |
ADAMA Agricultural Solutions Ltd. is a global crop protection company. The company develops, produces, and markets products and services that help farmers increase their yields by controlling weeds, insects, and disease. Adama employs 5,000 people worldwide, and markets its products in over 100 countries. The Adama Group has R&D and manufacturing facilities across the world, with two main operational hubs in Israel and China.
Founded in 1945, Adama is one of the largest companies in the global crop protection industry. The company emerged from two Israeli companies, Agan and Makhteshim, founded in 1945 and 1952 respectively, which merged in 1997 to create Makhteshim Agan Industries Ltd. In 2011 the company was acquired by ChemChina. In 2014 the company the company launched its new global brand and became known as ADAMA Agricultural Solutions Ltd.
Adama aims to become a leading player in the Chinese market, the world's third largest agrochemical market. Accordingly, the company is currently establishing its commercial platform in China, as well as launching manufacturing and R&D facilities in the city of Huai’an. To further advance its China strategy, Adama has announced that it will combine with Sanonda, a Chinese agrochemical company, and become a public company traded on the Shenzhen stock exchange.
Today, Adama's shares are owned by ChemChina (China National Chemical Corporation). In 2016, Adama reported sales of $3.1 billion. The company's bonds are publicly traded on the Tel Aviv Stock Exchange.
In 1945, Zvi Zur and Michael Pikarski established the Agan Cooperative for the development of chemical products in Moza, near Jerusalem. They were later joined by Israel Tamir and Eliyahu Teomim. Zur left Agan and relocated to the Negev where, in 1952, Makhteshim Chemical Works, was established.
In 1973, Agan and Makhteshim partnered to distribute their products worldwide. In 1997, the two companies merged to form Makhteshim Agan Industries Ltd..
In January 2014, Makhteshim Agan re-branded its global business As ADAMA, the name coming from the Hebrew word for "earth" or "soil". In October 2011, China National Agrochemical Corporation, a subsidiary of China National Chemical Corporation (ChemChina), acquired a 60% stake in Adama, delisting the company from the Tel Aviv Stock Exchange. Prime Minister Benjamin Netanyahu described the deal as "a big achievement for the economy of Israel." In 2016, ChemChina acquired the remaining 40% stake in Adama and is currently its sole shareholder.
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Wikipedia