Adama Agricultural Solutions

From Wikipedia, the free encyclopedia

Jump to navigationJump to search

Adama Agricultural Solutions

Type Public

Traded as SZSE: 000553

Industry Agribusiness

Founded 1945; 77 years ago

Headquarters Airport City Israel

Key people Ignacio Dominguez (President and CEO)

Products Crop protection (herbicides, insecticides,

fungicides, plant growth regulators, seed
treatments), food additives, dietary supplements,
aroma products

Revenue US$3.997 billion (2019)

Operating US$410 million (2019)

 income

Net income US$208 million (2019)

Owner ChemChina (100%)

Number of 6684 (2018)[1]

employees

Parent Syngenta[2]

Website adama.com

Adama headquarters in Airport City, Israel

ADAMA Ltd. (Hebrew: ‫אדמה בע"מ‬ ; Chinese: 安道麦), formerly known as Makhteshim-

Agan, is a crop protection company.

Contents

 1Overview
 2History
 3Sales and operations
 4References
 5External links

Overview[edit]
Together with its wholly owned subsidiary, Adama Agricultural Solutions Ltd., ADAMA
manufacturers and retails herbicides, insecticides and fungicides. The company has
research and development (R&D) and manufacturing facilities in various locations
worldwide, with two main centers in Israel and China. It is traded on the Shenzhen
Stock Exchange[3] and is headquartered in Ashdod City, Israel. In 2017, Adama
Agricultural Solutions Ltd. was acquired by Hubei Sanonda Co. Ltd., a Chinese agro-
chemical producer and partially owned subsidiary of ChemChina.

History[edit]

Founders of Makhteshim

Agan was founded in 1949 as a cooperative, while Makhteshim was created in 1952. In
1973 Agan and Makhteshim partnered to distribute their products and 24 years later
merged to form Makhteshim Agan Industries Ltd.[citation needed] In October 2011 ChemChina
acquired a 60% stake in Makhteshim Agan,[3] delisting from the Tel Aviv Stock
Exchange. In 2014, the company changed its name to Adama.[4]
In June 2017 the China Securities Regulatory Commission approved the acquisition of
the remaining 40% of shares by ChemChina, making it the sole owner of the company
through its Hubei Sandona Co. Ltd. subsidiary.[5] Since August 2017 ADAMA has traded
on the Shenzhen Stock Exchange and in January 2018 was included in the Shenzhen-
Hong Kong Stock Connect.[6]

Facilities at Neot Hovav

Sales and operations[edit]

ADAMA sells its products in approximately 100 countries through 60 subsidiary
companies around the world.[7] In 2019, ADAMA reported sales of $3.997
billion, EBITDA of $656 million, a net income of $208 million and operating income of
$410 million.[8]
ADAMA has chemical synthesis production facilities in Israel, China and Brazil;
formulation facilities in Israel, China,[9] India,[10] Europe, North America and South
America; and R&D facilities in Israel,[11] China[12] and India.[10]

References[edit]
1. ^ "Adama Annual Report 2018 - page 81"  (PDF).  Adama. Retrieved  20
September  2019.
2. ^ News, Bloomberg (2020-07-14).  "ChemChina in Talks With State
Funds on Syngenta's Pre-IPO - BNN Bloomberg". Retrieved 2020-12-04.
3. ^ Jump up to:a b "ChemChina Signs Makhteshim Deal With Israel's
Dankner". Bloomberg. Retrieved  20 September 2019.
4. ^ Makteshim-Agan changing name to Adama, Haaretz
5. ^ Reuters Editorial. "Adama says Chinese regulator approves merger
with Sanonda".  U.S. Retrieved 2018-11-26.
6. ^ "Adama trades shares on Shenzhen-Hong Kong linked
exchange". Agrow. Retrieved 2018-11-26.
7. ^ "Adama Semi-annual Report 2019 - page 8"  (PDF). Adama.
Retrieved 20 September  2019.
8. ^ "ADAMA Delivers Record Fourth Quarter With Over $1 Billion In Sales,
Touching $4 Billion Sales for the Year".  Bloomberg.com. 2020-03-30.
Retrieved 2020-12-04.
9. ^ "ADAMA To Begin Operations In China".  Business Facilities.
Retrieved 20 September  2019.
10. ^ Jump up to:a b BS, Reporter (August 25, 2015). "ADAMA India sets up a
new formulations lab in Hyderabad".  Business Standard. Retrieved 20
September  2019.
11. ^ Habib-Valdhorn, Shiri (9 January 2019).  "Adama opens Negev R&D
center". Globes. Retrieved 20 September  2019.
12. ^ "ADAMA's Global R&D Center Launches Operations in
Nanjing". Cision. Retrieved 20 September  2019.

External links[edit]
 ADAMA website
VIAF 
Authority
1
control 
WorldCat
Categories: 
 Chemical companies of Israel
 Agriculture companies of Israel
 Multinational companies
 1945 establishments
 Manufacturing companies based in Tel Aviv
 ChemChina
Navigation menu
  Not logged in
 Talk
 Contributions
 Create account
 Log in
 Article
 Talk
 Read
 Edit
 View history
Search
Search Go

 Main page
 Contents
 Current events
 Random article
 About Wikipedia
 Contact us
 Donate
Contribute
 Help
 Learn to edit
 Community portal
 Recent changes
 Upload file
Tools
 What links here
 Related changes
 Special pages
 Permanent link
 Page information
 Cite this page
 Wikidata item
Print/export
 Download as PDF
 Printable version
In other projects
 Wikimedia Commons
Languages
 Català
 Čeština
 Deutsch
 ‫فارسی‬
 Français
 ‫עברית‬
 日本語
  Português
Edit links
 This page was last edited on 11 January 2022, at 20:41 (UTC).
 Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may apply. By using this
site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc.,
a non-profit organization.
 Privacy policy

 About Wikipedia

 Disclaimers

 Contact Wikipedia

 Mobile view

 Developers

 Statistics

 Cookie statement