CAC first entered the top 5 highest export value according to The Announce of TOP 50 Exporting Companies of China Agrochemical 2020
"A list of pesticide export value top 50 in China in the year of 2020" was announced by the International Trade Committee of China Pesticide Industry Association at “The Eighth China Plant Protection Products International Trade Development Forum" which was held in Guiyang on 19th, May 2021. CAC Nantong Chemical Co., Ltd. ranked fourth in the list, which hit a record high, entering the top five for the first time since the list was started to be created. Felix Chen, the general manager of the Overseas Business Unit (OBU) of CAC, accepted the award on behalf of the company.
2020 is an unusual year throughout history. The international situation is turbulent due to the epidemic of Covid-19. Besides, the global economy has suffered a huge impact and entered a severe recession. To deal with all these, the Central Committee Party and the State Council have made a series of overall plans and set up many policies to support enterprises, also to stabilize foreign trade, foreign investment, and the industrial supply chain. With the help of the fast implementation of those plans and policies by The Ministry of Agriculture and Rural Affairs, the export value of pesticides has shown substantial growth, becoming the best year for the export of pesticides in the past ten years. In 2020, the export volume (cargo volume) of pesticides was 2.395 million tons, a year-on-year increase of 29.3%; the export value of pesticides was US$11.68 billion with a year-on-year rise of 14.6%. Accordingly, the Chinese pesticide market share accounted for a larger amount of the international market as the result of the fast implementation of pesticide policies. With various economic targets including export volume completed successfully, the performance of CAC was impressive in 2020 due to the industry's macro-directional trend and global strategic layout for many years.
The aim of pesticide export value top 50 list is to encourage iconic export enterprises not only to explore the international market continuously but also to develop a healthy, rapid and sustainable trade of pesticide export. Regarding winning this award, the Felix Chen mentioned that internationalization is the core strategy for CAC Group. Moreover, the overseas market is the company's top priority. Facing some new situations and changes that have occurred in recent years, the overseas business team makes efforts to consolidate the key markets such as South America and Europe under the leadership of the company as well as the cooperation with manufacturing plants. During the same time, the OBU team has been also continuing to maintain the rapid growth of some emerging markets such as Africa and Southeast Asia. Furthermore, OBU also put efforts to increase the export of formulated products on the basis of the expansion of the technical chemical export. Based on all these efforts, that are why CAC overseas export has been growing continuously and stood out from many companies.
According to the “2021 National Pesticide Industry Sales TOP100” list that was announced at the 8th Pesticide Industry Economic Operation Analysis Conference (Pesticide Industry Ranking Conference) which was held on 12th, May 2021, Hefei, Anhui. CAC Nantong Chemical Co., Ltd. ranked 19th, maintaining the top 20 rankings for three consecutive years.
As the saying goes, “The last leg of a journey marks the halfway point”. OBU manager Felix Chen said that the competition will be fiercer in the future and it would be even more difficult to make a little progress; therefore, there will be more efforts for us ought to be put in. However, the CAC group is not afraid of challenges since we have the confidence, methods, and ability to surge to new high again and again.