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

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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 and China. It is traded on the

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and is headquartered in

Ashdod City Ashdod ( he, ''ʾašdōḏ''; ar, أسدود or إسدود ''ʾisdūd'' or '' ʾasdūd'' ; Philistine: 𐤀𐤔𐤃𐤃 *''ʾašdūd'') is the sixth-largest city in Israel. Located in the country's Southern District, it lies on the Mediterran ...

, 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

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. In 2014, the company changed its name to ''Adama''. In June 2017 the

China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China. History China's first Securities Law was ...

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. MAI Ramat Hovav

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