Albaugh, LLC today announced a long-term strategic partnership with the Indian company Yashashvi Rasayan Pvt. Ltd. (YRPL) to improve Albaugh’s supply and competitiveness on Dicamba for the global market. Already an established supplier of Dicamba-based herbicide products in USA, Albaugh plans on participating in the future market growth in North America and expanding into other markets in South America and Europe.
Albaugh currently produces the herbicide active ingredients glyphosate, 2,4-D and atrazine as well as copper-based fungicides, and markets a wide range of crop protection products for agricultural, specialty and seed “We are excited about the long-term global growth opportunities for Dicamba,” says Kurt Pedersen Kaalund, Group CEO for Albaugh, LLC. “Our partnership with YRPL will allow us to capitalize upon those opportunities by building upon the relationships that we already have with our existing suppliers. In this way, we can extend and expand upon our existing presence in Dicamba in the USA to offer competitive solutions in all of our YRPL, an established manufacturer of various chemicals, will be constructing and operating the new plant at a new site in the Dahej zone in Gujarat, India. The plant is expected to be operational beginning in the 4th quarter of 2016 and will have an annual capacity of 6000 tons of Dicamba, with the precursors to be produced on-site.
“This partnership brings together our experience and competitive strengths in the production of the key precursors for Dicamba with Albaugh’s technology and market access,” says Harsh Patel, Director of YRPL.“Accordingly, Albaugh and YRPL are very well-matched as long-term partners in the production of Dicamba-based herbicides, and we look forward to a long and fruitful relationship.”
Dennis Albaugh, Chairman of Albaugh, LLC, added: “New chemistries come and go, but Dicamba has been around for a long time and will continue to be a cornerstone of a cost-effective weed control strategy for growers. We want to continue to be a part of offering such solutions to farmers, and this partnership ensures our ability to do so in all of our markets.”
Albaugh, LLC is the largest global privately-held producer of post-patent crop protection products with annual sales of $1.2 billion. The group has direct market presence in USA and Canada (Albaugh), Brazil (Atanor) and Argentina (Atanor), Mexico (Agri-Estrella), and Europe (Albaugh).
ABOUT YASHASHVI RASAYAN PVT. LTD. (YRPL)
YRPL was founded in 1954 in Surat, Gujarat in India by the Patel family and is part of the Patel group of companies with businesses in engineering equipment, fine chemicals manufacturing, and other enterprises.