Nufarm

Last updated

Nufarm Limited
Type Public
ASX:  NUF
Industry Chemicals
Founded1956
Headquarters Melbourne
Key people
John Gillam, Chairman
Greg Hunt, MD & CEO
Productsagrochemicals
industrial chemicals
RevenueIncrease2.svg A$3.76 billion (FY2019) [1]
Decrease2.svg A$38 million (FY2019) [1]
Number of employees
2,811 (2022)

Nufarm is an Australian agricultural chemical company headquartered in Melbourne, Australia. Established in 1956, the company was founded by Max Fremder. It holds more than 2,100 product registrations, and markets products in more than 100 countries around the world.

The company is a manufacturer of phenoxies, a class of herbicides that controls and eradicates broadleaved weeds. These products are manufactured in globally networked facilities in Australia, England, Austria and the Netherlands.

A large range of other crop protection products are produced in manufacturing facilities in Australia, New Zealand, Asia, Europe, Africa and America.

Nufarm has also developed a position in the turf and specialty markets (lawn care, golf courses, municipal parks, aquatic and forestry weed control).

Nufarm is listed on the Australian Stock Exchange (symbol NUF) and its head office is located at Laverton in Melbourne. [2] As at close on Friday 4 October 2019, its ordinary share capital was valued at AUD$6.49, implying a market capitalisation of AUD$2.45 billion. [3] [4] [5]

History

Nufarm was established in Melbourne, Australia during the mid 1950s by Max Fremder. He began selling phenoxy herbicides to professional spray applicators in regional Victoria.

Between the mid 1980s and early 2000s, Nufarm was a subsidiary of New Zealand-based Fernz Corporation. The Nufarm crop protection business continued to grow and expand during that period, with several overseas locations established throughout the 1990s.

In 2000, Fernz migrated the incorporation of the company from New Zealand to Australia and in the process changed the group's name to Nufarm Limited. Since that time, the company has focused on building a global platform for its core crop protection business and has divested various industrial and specialty chemical businesses.

Various acquisitions and solid organic growth have seen the business rapidly expand. Nufarm is now ranked the 9th largest crop protection company in the world, with a clear leadership position in Australia and substantial operations in North and South America, Europe, New Zealand and Asia. [6] [7]

On 30 September 2019 Nufarm announced the sale of all its South American crop protection and seed treatment operations to Sumitomo Chemical for $1,188 million.

Related Research Articles

<span class="mw-page-title-main">Imperial Chemical Industries</span> Former British chemicals, paints and pharmaceuticals company

Imperial Chemical Industries (ICI) was a British chemical company. It was, for much of its history, the largest manufacturer in Britain. It was formed by the merger of four leading British chemical companies in 1926. Its headquarters were at Millbank in London. ICI was a constituent of the FT 30 and later the FTSE 100 indices.

<span class="mw-page-title-main">BASF</span> German chemicals company

BASF SE is a European multinational chemical company and the largest chemical producer in the world. Its headquarters are located in Ludwigshafen, Germany.

<span class="mw-page-title-main">Australian Securities Exchange</span> Australian share market operator

Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange. The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006.

<span class="mw-page-title-main">Agricore United</span>

Agricore United was a farmer-directed agribusiness in Canada. It supplied crop nutrition and crop protection products, and offered grain handling and marketing services. It was created on November 1, 2001 by the merger of Agricore and United Grain Growers. It was headquartered in Winnipeg, Manitoba. Its shares were publicly traded on the Toronto Stock Exchange (TSX) under the symbol "AU" until June 15, 2007, when it was taken over by the Saskatchewan Wheat Pool. Agri-business giant Archer Daniels Midland (ADM) had a 28% stake in the company at the time of the takeover.

<span class="mw-page-title-main">Syngenta</span> Global provider of agricultural science and technology

Syngenta AG is a provider of agricultural science and technology, in particular seeds and pesticides with its management headquarters in Basel, Switzerland. It is owned by ChemChina, a Chinese state-owned enterprise.

<span class="mw-page-title-main">Pioneer Hi Bred International</span> American producer of hybrid seeds for agriculture

Pioneer Hi-Bred International, Inc. is a U.S.-based producer of seeds for agriculture. They are a major producer of genetically modified organisms (GMOs), including genetically modified crops with insect and herbicide resistance.

<span class="mw-page-title-main">Phenoxy herbicide</span> Class of herbicide

Phenoxy herbicides are two families of chemicals that have been developed as commercially important herbicides, widely used in agriculture. They share the part structure of phenoxyacetic acid.

AECI Limited is a South African chemicals group and is listed on the JSE Securities Exchange.

<span class="mw-page-title-main">Tata Chemicals</span> Indian company

Tata Chemicals Limited is an Indian global company with interests in chemicals, crop protection and specialty chemistry products headquartered in Mumbai, India. The company is one of the largest chemical companies in India with operations in India, Europe, North America and Africa. Tata Chemicals is a subsidiary of Tata Group conglomerate. Tata Chemicals has a publicly listed subsidiary called Rallis India.

Coromandel International Limited is an Indian corporation founded in the early 1960s by IMC and Chevron Companies of USA and EID Parry, headquartered in Hyderabad, Telangana, India. Originally named Coromandel Fertilisers, the company is in the business of fertilizers, pesticides and specialty nutrients. The company is also in rural retail business in the states of Andhra Pradesh, Karnataka and Maharashtra through its Mana Gromor Centres. Coromandel International is part of Murugappa Group and a subsidiary of EID Parry, which holds 62.82% of the equity in the company. The company has sixteen manufacturing units located in the states of Andhra Pradesh, Tamil Nadu, Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Uttar Pradesh and Jammu and Kashmir. Its product line includes Gromor, Godavari, Paramfos, Parry Gold and Parry Super.

<span class="mw-page-title-main">Sumitomo Chemical</span>

Sumitomo Chemical Co., Ltd. is a major Japanese chemical company. The company is listed on the first section of the Tokyo Stock Exchange and is a constituent of the on the Nikkei 225 stock index. It's a member of the Sumitomo group and was founded in 1913 as a fertilizer manufacturing plant.

<span class="mw-page-title-main">SRF Limited</span> Indian manufacturing company

SRF Limited is an Indian multi-business chemicals conglomerate engaged in the manufacturing of industrial and specialty intermediates. The company’s business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics. It has a workforce of more than 7,000 employees working across eleven manufacturing plants in India and one each in Thailand, South Africa and Hungary. The company exports to more than 90 countries.

<span class="mw-page-title-main">2,4-Dichlorophenoxyacetic acid</span> Herbicide

2,4-Dichlorophenoxyacetic acid is an organic compound with the chemical formula C8H6Cl2O3 which is usually referred to by its ISO common name 2,4-D. It is a systemic herbicide which kills most broadleaf weeds by causing uncontrolled growth in them but most grasses such as cereals, lawn turf, and grassland are relatively unaffected.

<span class="mw-page-title-main">Atul (company)</span> Indian chemical company

Atul Ltd (Atul) is an integrated chemical company founded by Kasturbhai Lalbhai on September 5, 1947 in India. The company manufactures 900 products and 400 formulations and owns 140 retail brands. It serves 4,000 customers belonging to 30 diverse industries and has established subsidiary companies in the US, the UK, the UAE, China and Brazil to serve its customers.

DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of Delaware and first arose as a major supplier of gunpowder. DuPont developed many polymers such as Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, Corfam and Lycra in the 20th century, and its scientists developed many chemicals, most notably Freon (chlorofluorocarbons), for the refrigerant industry. It also developed synthetic pigments and paints including ChromaFlair.

<span class="mw-page-title-main">UPL (company)</span> Indian multinational chemical company

UPL Limited, formerly United Phosphorus Limited, is an Indian multinational company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals, and also offers pesticides. Headquartered in Mumbai, Maharashtra, the company engages in both agro and non-agro activities. The agro-business is the company's primary source of revenue and includes the manufacture and marketing of conventional agrochemical products, seeds, and other agricultural-related products. The non-agro segment includes manufacturing and marketing industrial chemicals and other nonagricultural products such as fungicides, herbicides, insecticides, plant growth regulators, rodenticides, industrial & specialty chemicals, and nutrifeeds. UPL products are sold in 150+ countries.

Mark Allison is an Australian agricultural industry manager. He is a chief executive officer and managing director of Elders Limited and holds several other positions at the industry organizations.

<span class="mw-page-title-main">Fluazifop</span> ACCase herbicide, fop, anti-grass

Fluazifop is the ISO common name for an organic compound that is used as a selective herbicide. The active ingredient is the 2R enantiomer at its chiral centre and this material is known as fluazifop-P when used in that form. More commonly, it is sold as its butyl ester, fluazifop-P butyl with the brand name Fusilade.

<span class="mw-page-title-main">Butafenacil</span> Chemical compound

Butafenacil is the ISO common name for an organic compound of the pyrimidinedione chemical class used as an herbicide. It acts by inhibiting the enzyme protoporphyrinogen oxidase to control broadleaf and some grass weeds in crops including cereals and canola.

<span class="mw-page-title-main">Aclonifen</span> Chemical compound

Aclonifen is a diphenyl ether herbicide which has been used in agriculture since the 1980s. Its mode of action has been uncertain, with evidence suggesting it might interfere with carotenoid biosynthesis or inhibit the enzyme protoporphyrinogen oxidase (PPO). Both mechanisms could result in the observed whole-plant effect of bleaching and the compound includes chemical features that are known to result in PPO effects, as seen with acifluorfen, for example. In 2020, further research revealed that aclonifen has a different and novel mode of action, targeting solanesyl diphosphate synthase which would also cause bleaching.

References

  1. 1 2 2018-2019 FULL YEAR RESULT & PRELIMINARY FINAL REPORT
  2. "About - Nufarm". www.nufarm.com. Retrieved 26 September 2016.
  3. "NUF:ASE Stock Quote - Nufarm Ltd/Australia". Bloomberg.com. Retrieved 4 October 2019.
  4. "Nufarm Limited - Quote and News". www.morningstar.com.au. Retrieved 4 October 2019.
  5. "Nufarm Ltd". Yahoo!7 Finance. Retrieved 4 October 2019.
  6. "Nufarm pushes Aussie credentials - Agriculture - Agribusiness - General News - Farmonline National". www.farmonline.com.au. Retrieved 26 September 2016.
  7. "Our History - Nufarm". www.nufarm.com. Retrieved 26 September 2016.