BASF and PI industries enter into a strategic collaboration that aims to change overall agrochemical market dynamics
Date: 2017-06-20   Author: Satarupa De  Category: #news

BASF, a renowned name in the global chemical and agriculture market and PI Industries, a notable agrochemical company, have recently signed an agreement to create a strategic model that will offer effective crop protection solutions to farmers. This strategic alliance between PI industries and BASF is expected to strengthen the business position of both the aforementioned firms and also benefit the global agro-based economy.

As per the agreement, PI industries will promote BASF’s new herbicide for maize and will also market the latter’s advanced fungicides technologies for rice, wheat, as well as fruit and vegetables. These two companies, well-established in their respective domains, have been working hand in hand on crop protection solutions for the past two decades. Through this collaboration, both the agro-based firms are aiming to bring forth the best possible protection mechanisms to agriculturists, the deployment of which will not hamper the crop productivity.

PI industries has already established a strong foothold in the crop protection industry with their unique business model that revolves around a superior agrochemical value chain. Right from making heavy investments in R&D activities, technological integration in chemical and engineering related services, to partnering with the best leading farms, PI industries has always come up with the best innovative crop protection solutions. With its advanced technological sphere, this well reputed agrochemical company, since the last six decades, has partnered with leading brands and has established liaisons with nearly fifty thousand retail points across the Indian sub-continent. BASF, on the other hand, is a global player in the chemical market and boasts of an impressive case of innovative products. Its partnership with PI Industries will bring forth more innovative solutions for the agronomists that will help enhance value contribution and farm productivity.

BASF has always been associated with India’s successful footsteps in the business landscape for more than 100 years. As per a recent record, BASF approximately registered a profit of around GBP 1.1 billion from regional customers. It is also estimated to have more than 2000 employees in the region, covering almost 10 production sites and 2 research centers in two leading cities.

This strategic partnership will bring about renewed business opportunities for both the firms. Experts state that the overall agrochemical industry is likely to be hit by a wave of contemporary trends that will showcase high growth prospects for this market in the future. Concurrently, this alliance will also strengthen this long-term relationship between both these companies and elevate it to a more strategic level.



About Author


Satarupa De

Satarupa De

Satarupa currently works as a content writer at AlgosOnline. An electrical engineer by qualification, she worked for two years in the electrical domain before switching her professional genre. Following her childhood passion, she opted for a career in writing and now ...

Read More

More from Satarupa


Post Recommendents

Walmart and JD.com provide $500m funding to Chinese logistics company
Author: Pankaj Singh

Dada-JD Daojia, a Chinese online grocery delivery service has reportedly raised USD 500 million in a recent funding round led by U.S. retail giant Walmart and Chinese e-commerce company JD.com. Sources inform that the ...


3D Systems & GF Machining team up to develop factory of the future
Author: Saif Ali Bepari

South Carolina based 3D Systems has reportedly announced a partnership with GF Machining Solutions with the aim of redefining how manufacturers think about their manufacturing setup. Sources cite that the new manufactu...


ITV invests USD 1 billion with Hollywood giants to launch NewT
Author: Ojaswita Kutepatil

ITV, a commercial television channel of the United Kingdom has reportedly collaborated with major Hollywood studios including 21st Century Fox, Disney, and others. Two huge Wall Street banks and the billionaire Walton ...