Key Takeaways:
- ADAMA Ltd has received its first registration of EDAPTIS® in Poland, with further registrations expected across Europe.
- The herbicide combines two modes of action, providing broad-spectrum control of grassy weeds and improving resistance management.
- EDAPTIS® is formulated using rapeseed oil, enhancing its environmental sustainability.
Introduction to EDAPTIS®
ADAMA Ltd, a global leader in crop protection, announced the initial registration of its innovative herbicide, EDAPTIS®, in Poland. EDAPTIS® is designed as a ready-to-use solution that provides comprehensive control over grassy weeds and is effective against resistant weed populations.
Unique Features and Mode of Action
EDAPTIS® is applied post-emergent as a foliar herbicide, combining two primary modes of action: Pinoxaden (Group 1) and Mesosulfuron (Group 2). This combination allows for a broader spectrum of efficacy against grassy weeds and helps mitigate the issue of herbicide resistance, especially with hard-to-kill grasses. According to ADAMA, the unique stacking of modes of action in a post-emergent application improves weed control compared to conventional products.
Darren Palendat, Global Herbicide Product Strategy at ADAMA, highlighted the importance of this new formulation, stating, “With farmers across Europe seeking innovative and quality solutions that deliver tangible benefits in the field, addressing grassy weed resistance becomes increasingly crucial. By thinking outside of the box and maintaining a deep understanding of farmers’ needs and market dynamics, we ensure that our solutions provide tangible value to our customers.”
Sustainability and Environmental Benefits
Beyond its efficacy, EDAPTIS® boasts a favorable sustainability profile. The product’s oil dispersion formulation incorporates refined rapeseed oil, which enhances its environmental attributes. This approach involves sourcing rapeseed oil from farmers and refining it for incorporation into EDAPTIS®, aligning the product with sustainable agricultural practices.
Anticipated European Expansion
The registration of EDAPTIS® in Poland marks the beginning of its broader European rollout. ADAMA anticipates subsequent registrations in several countries, including France, Germany, the UK, Italy, and Spain. The company believes that this product will address farmers’ growing need for effective weed resistance management, particularly amid increasing regulatory restrictions on herbicides.
ADAMA’s Latest Recent News
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Reports Q1 2024 Financial Results Amidst Challenging Market (2024/04/24)
ADAMA Ltd. reported a 16% decline in revenues in Q1 2024, leading to a net loss of $32 million compared to $12 million net income in Q1 2023. The company’s transformation plan includes initiatives to enhance commercial excellence, market segmentation, and focus on high-margin offerings. ADAMA remains optimistic about the gradual benefits of its transformation plan and anticipates a robust recovery and sustainable growth over the next three years.
Read more here.
Introduction to Avastel® (2024/04/23)
ADAMA Ltd. has launched its latest innovation, Avastel®, a T2 fungicide that offers cereal growers an unmatched level of efficacy, control, and resilience against a wide array of pathogens. Avastel® uniquely combines two proven active ingredients to provide robust protection. It is a broad label fungicide that is suitable for application on a variety of cereals. Avastel® is a key component of ADAMA’s new fungicide portfolio for cereals which started to be available to European farmers in 2023.
Launches Maganic®, a New T3 Fungicide (2024/04/16)
ADAMA has introduced Maganic®, a T3 fungicide for European cereal growers that protects wheat crops against ear diseases. It utilizes ADAMA’s Asorbital® Formulation Technology, which enhances the fungicide’s uptake and systemic action, reducing the risk of mycotoxin contamination and increasing yield. Maganic® is versatile and can be used on barley, oilseed rape (OSR), and sugar beet. It is part of ADAMA’s broader initiative to provide innovative solutions for the crop’s reproductive phase. The fungicide portfolio, including Maganic®, was initially launched in Europe in 2023 and will continue to roll out across various European countries throughout 2024.
ADAMA Launches Maxentis®, a Versatile Fungicide (2024/04/10)
ADAMA Ltd. has launched Maxentis®, a fungicide designed to combat diseases in crops such as wheat, barley, and oilseed rape. With dual modes of action, Maxentis® promises to control fungal diseases, enhance crop health, and yield. It can be used as a solo treatment or within a broader spray program, simplifying crop protection and reducing the expense of spray programs for farmers. Maxentis® is part of ADAMA’s broader strategy to roll out a new cereal fungicide portfolio in Europe, reflecting the company’s dedication to meeting the evolving needs of farmers with innovative crop protection solutions.
Introduces Forapro®, A New Fungicide for Cereals in Europe (2024/05/02)
ADAMA Ltd. has launched Forapro®, a new fungicide for cereal crops in Europe. This product targets early-season diseases in wheat and barley and offers enhanced protection against diseases such as Powdery Mildew, Septoria, and Rust. The formulation is praised for its rapid leaf penetration and extensive plant coverage, features that are essential for maximizing crop health and yield. Forapro® is part of ADAMA’s strategic expansion of its cereal fungicide portfolio in Europe.
Welcomes New Executive Team Members (2024/03/28)
ADAMA Ltd. announced significant changes to its executive team, appointing Florian Wagner as Executive Vice President for Portfolio and Innovation, and Ruthie Zeltzer as Executive Vice President of People. The new leadership team aims to strengthen ADAMA’s commitment to innovation and organizational culture. Wagner’s strategic vision will help refine the company’s innovation processes, while Zeltzer’s focus will be on building a resilient organizational culture. The changes also consolidate the responsibilities of the VP of Innovation, Development, Research, and Registration and VP of Marketing & Product Strategy into a new EVP Portfolio and Innovation role. The company expressed its gratitude to outgoing team members for their contributions and dedication to ADAMA’s growth.
Announces Financial Results for Q4 and FY 2023 (2024/03/27)
ADAMA Ltd. (SZSE: 000553) reported its financial results for Q4 and the full year of 2023. The company experienced a decline in sales and profits due to challenging market conditions. However, its management strategies led to an improvement in cash flow. The company plans to capture growth in the value innovation segment through a strong pipeline of differentiated products and proprietary technologies.
New Sustainable Packaging (2024/02/21)
ADAMA Ltd. (Company Profile) has announced the expanded rollout of its newly designed one-liter containers, marking a significant step forward in the company’s commitment to sustainability and improved usability for farmers. Developed with the dual aim of reducing environmental impact and enhancing farmer experience, these containers have already seen a successful launch in India and are set for introduction in other major markets.
Introducing Feralla (2024/02/06)
ADAMA’s introduction of Feralla®, leveraging the proprietary Desidro® Technology, represents a significant advancement in crop protection with a focus on rapid mollusc mortality, enhanced pellet integrity, and improved palatability for more effective pest control. Feralla® sets itself apart by requiring lower active ingredient concentrations, aligning with sustainability goals without compromising on pest control efficacy. This innovation underscores ADAMA’s commitment to addressing the evolving needs of farmers within a strict regulatory framework, promising a tailored solution that balances effectiveness with environmental responsibility. With anticipated regulatory approval in 2024 and plans for introduction in key European markets, Feralla® is poised to offer a new level of efficiency and sustainability in agricultural pest management.
Financial Performance for 2023 (2024/01/31)
ADAMA Ltd. anticipates a significant financial downturn in 2023, with expected sales declines between 12% to 21% due to lower volumes, pricing pressures, and unfavorable exchange rates, alongside a projected shift from net income in 2022 to a net loss in 2023, primarily due to decreased operating profit and increased financial expenses. Adjusted EBITDA is also expected to fall, reflecting the sales downturn, inventory challenges, and cost management efforts. These preliminary estimates highlight the company’s challenging market dynamics and financial adjustments ahead of the final audited financial statements release on March 26, 2024.
New Cereal Fungicide Portfolio Launch in Europe (2024/01/17)
ADAMA Ltd. has expanded its crop protection portfolio by launching five new cereal fungicide products in Europe, featuring their innovative Asorbital® Formulation Technology. These products, developed using a leading DMI molecule, are designed to provide targeted disease control solutions tailored to various stages of cereal crop development. The launch is strategically aligned with the regulatory phase-out of other key active ingredients, positioning ADAMA as a crucial player in the cereal disease control market. This move is part of ADAMA’s long-term strategy to support European cereal growers amid growing disease challenges and sustainability demands. The rollout, beginning with Soratel® in the UK, will continue across Europe, including the UK and Ireland, through 2024, offering farmers a diverse range of options for effective disease management.
Vision Bioenergy & ADAMA Partner to Advance Camelina Crop Protection (2023/11/08)
Vision Bioenergy Oilseeds and ADAMA have partnered to revolutionize crop protection for Camelina, focusing on expanding registered products and developing genetically herbicide-tolerant strains. This strategic collaboration addresses the gap in broadleaf weed control in the US and supports the growth of Camelina as a renewable fuel feedstock.
ADAMA Launches Cosayr® and Lapidos® Insecticides in India (2023/09/06)
ADAMA Ltd. has launched two new insecticides, Cosayr® and Lapidos®, in India containing the active ingredient Chlorantraniliprole. These products will help protect rice and sugar cane crops from destructive pests. ADAMA’s ‘Core Leap’ strategy involves capitalizing on 24 leading active ingredients coming off patent to offer a more sustainable and user-friendly product line. The company has established itself as a global leader in crop protection and aims to fulfill local agricultural needs.
Appoints Steve Hawkins as President and CEO (2023/04/04)
Steve Hawkins will be ADAMA’s new President and CEO from May 1, 2023. He has been overseeing ADAMA’s North and Latin American businesses as Senior Vice President of the Americas since 2021. Hawkins has an Executive MBA in Food and Agribusiness from the Ontario Agricultural College and has played a vital role in ADAMA’s success. Ignacio Dominguez, the outgoing CEO, has helped craft and implement ADAMA’s global strategy, and will work closely with Hawkins to ensure a smooth transition.
Financial Results Show Revenue Decline (2023/03/21)
ADAMA reported its financial results for Q4 and the fiscal year 2022, showing a decline in gross profit and sales due to price fluctuations, currency devaluation, and other macro events. However, the CEO is optimistic about the future and believes that farmers will continue to invest in crop protection products that bring them incremental value.
Read more here.
Exercise Option To Fully Own ADAMA Chile (2023/03/17)
ADAMA Ltd. has recently exercised its call option to purchase the remaining 40% stake in ADAMA Chile. This company specializes in producing and distributing bio plant nutrition and agrochemical products in Chile. This move follows the company’s initial acquisition of 60% of the equity in Chile Agro in 2013. ADAMA Chile’s flagship product, ExpertGrow®, is a triple mode-of-action bio-stimulant that enhances the yield of fruits, vegetables, and soybeans. ExpertGrow® is currently marketed across Latin America in countries such as Brazil, Columbia, and Peru, as well as in other key markets worldwide, such as Italy, France, and Spain. With the global biological crop protection market projected to grow at an impressive rate, reaching $18.2 billion dollars in 2026, ADAMA’s acquisition of the remaining 40% stake in ADAMA Chile is expected to significantly boost the company’s operations and expansion plans in this fast-growing industry.
ADAMA Strengthens its Crop Protection Capabilities with New Multi-Purpose Plant in Brazil (2023/02/14)
ADAMA Company announced opening of a new multi-purpose plant (MPP) in Taquari, Brazil. The MPP will produce vital active ingredients (AIs) for the crop protection industry, including Prothioconazole, a necessary fungicide for soybean crops. In addition, this new plant is expected to improve ADAMA’s ability to supply Prothioconazole-based products using in-house capabilities and support the launch of several new products to the Brazilian market within the next five years.
Strengthen Position in New Zealand With AgriNova Acquisition (2022/12/06)
AgriNova New Zealand, Ltd., also known as Grochem New Zealand, has been acquired by ADAMA Ltd. Crop protection products, plant growth regulators, biosolutions, and plant nutrition are all goods that Grochem develops, produces, and distributes, largely in the horticulture market. This purchase is anticipated to improve the company’s position in New Zealand and open the door for its entry into the biological market.
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