Agropage reports: February 18, 2020, HAILIR PESTICIDES AND CHEMICALS GROUP CO.,LTD (Hereinafter referred to as the "company") released that, recently, the company has completed the registration of its subsidiary in the Philippines and received the registration certificate issued by the relevant local administrative authorities. The details are as follows:
Company name: Hailir Philippines Agroservice Inc.
Registration number: CS20200000157
Type of company: limited liability company
The registered address: Units A&B 20/F Rufino Pacific Tower, 6784 Ayala Ave. Cor.V.A. Rufino St., San Lorenzo
The registered capital: 11 million Philippine pesos(200000 dollars, Don't need to paid in )
Date of establishment: February 7, 2020
Shareholding ratio: QINGDAO AUDIS BIO. TECH. CO., LTD holds 10999995 shares, Wang Yanyan holds 4 shares, Shi Yuepeng holds 1 share.
Business scope: import, export & wholesale of pesticides and fertilizers
HAILIR PESTICIDES AND CHEMICALS GROUP CO.,LTD (Hereinafter referred to as the "company"), On July 12, 2019, the 29th meeting of the third board of directors deliberated and adopted the proposal on the establishment of overseas subsidiaries by overseas investment, in order to speed up the development of South America and southeast Asia market, actively response to the strategy of "area", intensify registered overseas products, improve the market participation of the international market, abundant company overseas sales channels and customer resources, improve the company's overall competitiveness and profitability, the company intends to invest no more than 2 million yuan to set up the "agricultural service co., LTD., the Philippines.
On February 18, the company announced the completion of the registration of its Philippine subsidiary, which is an important step in the in-depth internationalization strategy. At present, the company has obtained the support registration and independent registration of more than 800 products in 50 countries such as Australia, New Zealand, and more than 60 countries such as Colombia, dominica and Kenya, as well as the independent registration in Brazil and the European Union. In July last year, the company announced plans to invest no more than 2 million yuan to set up helil Brazil and helil Philippines, respectively. Brazil is also the world's largest agrochemical market. By setting up overseas subsidiaries in South America and southeast region and actively responding to the "One Belt And One Road" strategy, the company is expected to further strengthen the overseas market registration, expand overseas business and enhance the awareness of its own brand, and improve long-term competitiveness and profitability.
A number of projects of the company continue to advance: in the first half of the year, the company has completed the construction of the whole project of thiamethoxam and thiamethoxam, the second generation of nicotinic insecticides, and the third generation of nicotinic insecticide, dinotefuran, which is expected to speed up the construction of the project.
Company in July last year with the Qingdao xinhe management committee, the investment intention agreement in pingdu base construction investment of 2 billion yuan (1.4 billion yuan of fixed assets) environment friendly preparation, methyl amino abamectin benzoate, benzyl ether JiaHuan azole project technical products and intermediates and so on, after an annual output of 100000 tons of pesticide formulation, technical and intermediates 100000 tons, annual output value of 5 billion yuan, the profit for the year 560 million yuan, plan the operation before December 30, 2021.
In October last year, it announced that subsidiary Qingdao Otis planned to invest 276 million yuan to construct the project of 7,000 tons of water-based preparations, 9,000 tons of water-based solid preparations and 26,000 tons of water-based preparations, which is expected to be put into production in 2021.