![ADAMA_Agricultural_Solutions_HQ](https://upload.wikimedia.org/wikipedia/commons/c/cc/ADAMA_Agricultural_Solutions_HQ.jpg)
ADAMA Ltd. (Hebrew: אדמה בע"מ ; Chinese: 安道麦), formerly known as Makhteshim-Agan, is a crop protection company.
Overview
Together with its wholly owned subsidiary, Adama Agricultural Solutions Ltd., ADAMA manufacturers and retails
herbicide
Herbicides (, ), also commonly known as weedkillers, are substances used to control undesired plants, also known as weeds.EPA. February 201Pesticides Industry. Sales and Usage 2006 and 2007: Market Estimates. Summary in press releasMain page fo ...
s,
insecticide
Insecticides are substances used to kill insects. They include ovicides and larvicides used against insect eggs and larvae, respectively. Insecticides are used in agriculture, medicine, industry and by consumers. Insecticides are claimed to b ...
s and
fungicide
Fungicides are biocidal chemical compounds or biological organisms used to kill parasitic fungi or their spores. A fungistatic inhibits their growth. Fungi can cause serious damage in agriculture, resulting in critical losses of yield, quality, ...
s. The company has research and development (R&D) and manufacturing facilities in various locations worldwide, with two main centers in
Israel
Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...
and China. It is traded on the
Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...
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
China National Chemical Corporation, commonly known as ChemChina, is a Chinese state-owned chemical company in the product segments of agrochemicals, rubber products, chemical materials and specialty chemicals, industrial equipment, and petroch ...
.
History
![Ma history03](https://upload.wikimedia.org/wikipedia/commons/8/8a/Ma_history03.jpg)
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. In October 2011 ChemChina acquired a 60% stake in Makhteshim Agan,
delisting from the
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange (TASE; ; colloquially known as The Bursa, ) is Israel's only public stock exchange and a public company that has been traded on the Tel-Aviv Stock Exchange since August 1, 2019. Legally, the exchange is regulated by ...
. In 2014, the company changed its name to ''Adama''.
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. Since August 2017 ADAMA has traded on the Shenzhen Stock Exchange and in January 2018 was included in the
Shenzhen-Hong Kong Stock Connect
Shenzhen-Hong Kong Stock Connect (SEHKSZSE) () is a cross-boundary investment channel that connects the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. Under the program, investors in each market are able to trade shares on the other ma ...
.
Sales and operations
ADAMA sells its products in approximately 100 countries through 60 subsidiary companies around the world. In 2019, ADAMA reported sales of $3.997 billion,
EBITDA
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, stat ...
of $656 million, a net income of $208 million and operating income of $410 million.
ADAMA has chemical synthesis production facilities in Israel, China and Brazil; formulation facilities in Israel, China, India,
Europe, North America and South America; and R&D facilities in Israel, China
and India.
References
External links
ADAMA website
{{Authority control
Chemical companies of Israel
Agriculture companies of Israel
Multinational companies
1945 establishments
Manufacturing companies based in Tel Aviv
ChemChina