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 herbicides, insecticides and fungicides. 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 Exch ...

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 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 petro ...

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 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 The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China The State Council, constitutionally synonymous with the Central People's Government since 1954 (particu ...

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 mark ...

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, sta ...

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