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Generic Manufacturer Sold to China

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  • DogPatch
    Senior Member
    • Jul 2007
    • 446
    #1

    Generic Manufacturer Sold to China

    12/29/2010 1:00:00 PM
    Printer Version

    The Makhteshim Agan Group (MANA) has announced that 60 per cent of the company will be purchased by ChemChina, a large Chinese chemicals and agrochemical company controlled by the Chinese government. Sale price will be US$1.44 billion, the company said.

    MANA, based in Israel, is the world's largest manufacturer of off-patent pesticides, including 17 herbicide, insecticide and fungicide brands sold in Canada.
    Tags: None
    • FarmRanger
      Senior Member
      • Mar 2005
      • 1620
      #2
      Just curious, why the "thumbs up"?

        Comment

        • SASKFARMER3
          Senior Member
          • Feb 2006
          • 14485
          #3
          As far as I am concerned they were priced to high for their generics. Their Version of puma was pennies cheaper then last year FNA came out with a WOat product that was way cheaper. But the owners of the company sure did do OK.

            Comment

            • dave4441
              Senior Member
              • May 2003
              • 1080
              #4
              It is early in the generics game, but i think we are on track. This probaly makes Mana more competitive and is probaly a good thing.

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