16 April
2024
Plant Health Care
plc
("Plant Health Care" or the "Company")
Plant Health Care Announces
China Distribution with AMVAC
Plant Health
Care® (AIM.PHC.L), a leading provider of peptides
used by growers to improve crop production and quality within
global agricultural markets, is pleased to announce it has signed a
distribution agreement (the "Agreement") with AMVAC®, an
American Vanguard Company, to support commercialization of novel
fertilizer products in China.
Highlights:
- AMVAC,
through its subsidiary in China, will distribute a novel fertilizer
product incorporating PHC's Harpinαβ technology designed for use
within vegetable and row crops to promote plant health and
yield.
- AMVAC
continues to evaluate PHC's technology within other markets
including Australia, Central America, and Brazil as novel products
to deliver disease and nematode control in crops such as bananas,
potatoes, and soybeans.
The Agreement will support
commercial sales of the Harpinαβ technology in combination with a
novel AMVAC fertilizer. The first AMVAC product launches to bring
widespread availability of the Harpinαβ technology to growers in
China will occur in 2024. This novel product will help growers
improve crop quality and yield as part of an integrated and
environmentally responsible crop production program.
Harpinαβ strengthens the innate
immune defense systems common within all plants in a manner similar
to vaccinations in humans, with crops responding with improved
nutrient use efficiency, tolerance to abiotic stress and
ultimately, increased yield and crop quality. Relative to
alternative biological products in the market, Harpinαβ-based
products provide highly consistent product efficacy across a wide
range of application and environmental conditions and is compatible
with synthetic fertilizers, fungicides, herbicides, and
insecticides commonly used within commercial agriculture.
Jeff Tweedy, CEO of Plant Health
Care, said: ‟I am pleased to see our collaboration with AMVAC
result in the launch of an innovative, new product in China. There
is a tremendous opportunity in China for the adoption of
Harpinαβ-based products to support sustainable agriculture. AMVAC
has proven they have the right strategy and the right team in China
to drive new product adoption. We are excited about the upcoming
launch later this year. In the next few years, I fully expect
additional products to emerge from the ongoing collaboration
between our companies in China and other high value
markets."
Lawrence Yu, AMVAC Head of
Asia-Pacific Region, said: "AMVAC looks forward to increasing our
biological product offerings in China through this new partnership
with Plant Health Care. We look forward to expanding other
distribution opportunities globally, by utilizing AMVAC's strong
market access across its global footprint."
Jim Thompson, Director of Business
Development for GreenSolutions at AMVAC, added: "The
Harpinαβ-technology is a proven multi-crop solution that
complements our GreenSolutions portfolio of biological and
specialty nutrition products, which will provide our distribution
partners and growers more flexibility and increased
ROI."
# #
#
For
further information, please contact:
Plant Health Care plc Jeff
Tweedy, CEO
|
Tel: +1 919 926 1600
|
Cavendish Capital Markets Limited - Nomad &
Broker Neil
McDonald / Pete Lynch
|
Tel: +44 (0) 131 220 9771
|
About Plant Health Care
Plant Health Care offers products to
improve the health, vigour and yield of major field crops such as
corn, soybeans, sugarcane, potatoes, rice, and wheat, as well as
specialty crops such as fruits and vegetables. We operate globally
through subsidiaries, distributors, and supply agreements with
major industry partners. Our innovative, patent-protected
biological products help growers to protect their crops from stress
and diseases, and to produce higher quality fruit and vegetables,
with a favourable environmental profile. Find out more at www.planthealthcare.com
About American Vanguard
American Vanguard Corporation is a
diversified specialty and agricultural products company that
develops, manufactures, and markets solutions for crop protection
and nutrition, turf and ornamentals management, commercial and
consumer pest control. Over the past 20 years, through product and
business acquisitions, the Company has expanded its operations into
17 countries and now has over 1,000 product registrations in 56
nations worldwide. Its strategy rests on three growth initiatives -
i) Core Business (through innovation of conventional products), ii)
Green Solutions (with over 130 biorational products - including
fertilizers, microbials, nutritionals and non-conventional
products) and iii) Precision Agriculture innovation (including
SIMPAS prescriptive application and Ultimus measure/record/verify
technologies). American Vanguard is included in the Russell 2000®
and Russell 3000® Indexes. To learn more about American Vanguard,
please reference the Company's web site at www.american-vanguard.com.
Agrinos Shanghai is a business of
American Vanguard in China. It operates import, production, and
direct distribution in China. Its primary focus is distribution of
AMVAC's GreenSolutions product portfolio and using a technical
sales model focusing on biological solutions with positive returns
to growers. Agrinos China has experienced double-digit growth over
the last few years and has expanded its geographical reach into new
territories with China.
.