Key Takeaways:
- The European Food Safety Authority (EFSA) has published its assessment of ADAMA’s Feralla®, identifying no critical areas of concern.
- Feralla®-based molluscicides provide a rapid stop-feeding effect and enhanced pellet integrity compared to existing Ferric-Phosphate products.
- Field trials show a 90% reduction in crop damage within three days, supporting both performance and sustainability goals.
- EU Commission approval is anticipated in 2025, with the first product launch planned in the UK, followed by additional European markets.
EFSA Assessment and Regulatory Progress
ADAMA Ltd. (Profile), a global leader in crop protection, announced that the European Food Safety Authority (EFSA) has completed its assessment of the novel active ingredient Feralla®. The review identified no critical areas of concern, marking a significant step toward regulatory approval by the EU Commission, expected in 2025.
Innovative Molluscicide Solution
Feralla®-based products represent a major advancement in mollusc control, offering faster and more effective slug and snail management. Key features include:
- Rapid stop-feeding effect: Slugs cease feeding within the first three days of application, reducing crop damage by 90%.
- Enhanced pellet integrity: Improves pest attraction and performance compared to Ferric-Phosphate molluscicides.
- Low active ingredient concentration: Supports sustainability goals by reducing environmental impact.
Powered by ADAMA’s Desidro® Technology, Feralla® improves pest palatability, ensuring faster and more reliable results for farmers.
Leadership Insights
Germain Boulay, Head of Global Herbicides and Molluscicides at ADAMA, highlighted the importance of this innovation: “European farmers face growing challenges in pest control due to increasingly stringent regulations, all while striving to deliver high yields of premium quality crops. We are committed to empowering farmers with solutions like Feralla®. This active ingredient exemplifies our commitment to sustainability, performance, and meeting the evolving needs of farmers. We are very excited to bring the first substantial innovation to this market since the last 15 years. We now look forward to the anticipated final approval and the opportunity to improve slug control with the launch of Feralla®-based products.”
ADAMA’s Latest News
Announces Gilboa™: A Novel Fungicide Targeting Cereal and Oilseed Rape Diseases (2024/12/06)
Gilboa™ is a new fungicide designed to address fungal challenges faced by cereal and oilseed rape growers. It targets diseases like Septoria in wheat, Ramularia in barley, and Sclerotinia in oilseed rape. ADAMA, a leading cereal fungicide company, believes Gilboa™ is a game-changer for farmers in Great Britain, Europe, and globally. The fungicide complements ADAMA’s existing cereal fungicide portfolio, offering a broader range of disease management solutions. The product is expected to be approved in Great Britain and the European Union.
Opens Advanced Chloralkali Production Facility to Boost Fungicide Ingredient Supply (2024/11/08)
ADAMA Ltd. has opened a new chloralkali production facility to increase the supply of essential chlorine for its crop protection products, Captan and Folpet. The facility, constructed since 2021, uses advanced technology to reduce energy consumption and eliminate mercury-related environmental risks. It is expected to produce 40,000 metric tons of chlorine annually, with scalability to 50,000 metric tons. The facility also incorporates measures to reduce ADAMA’s carbon footprint, using hydrogen generated as a byproduct to fuel its air emission treatment system. The facility is also exploring the integration of a solar field for renewable energy.
Reports Financial Results for Q3 & First Nine Months of 2024 (2024/10/31)
ADAMA Ltd. experienced a 10% revenue decrease in Q3, reaching $929 million, and a 14% decline in Q1 2024. This decline is attributed to a shift from low-margin commoditized generics to higher-value differentiated products. However, gross profit rose by 2% in Q3, with adjusted gross profit up by 14%. Adjusted EBITDA increased by 125% to $80 million, driven by improved operational efficiencies and a focus on profitable products. CEO Gaël Hili praised ADAMA’s “Fight Forward” transformation plan, which aims to drive growth by deploying resources strategically and enhancing customer engagement in key markets. The company has also launched new products, including differentiated insecticides, herbicides, and fungicides, using proprietary technologies. The company’s financial results show progress in its transition towards higher-margin products, supported by its transformation plan’s focus on efficiency and innovation.
Reports Mixed Financial Results for Q2 and H1 2024 (2024/08/29)
ADAMA Ltd., a global leader in crop protection solutions, reported a 16% decline in Q2 2024 and H1 2024 revenues due to a challenging market environment. However, the company’s transformation plan has been gaining momentum, particularly in improving EBITDA and margins. Gross profit for Q2 2024 was $227 million, a 10% decrease from the previous year. Adjusted EBIT reported a loss of $16 million, but adjusted EBIT rose by 13% to $52 million. Net loss widened to $94 million in Q2 2024 and $126 million in H1 2024. ADAMA’s strategy includes launching differentiated products tailored to specific grower needs, such as Prothioconazole-based fungicides and Vinergy® in Italy and France. Regional performance was mixed, with sales in Europe, Africa, and the Middle East declining by 7%. However, ADAMA remains optimistic about the future, with its focus on innovation and operational efficiency.
Read the complete financial results here.
EU Renews Approval for Folpet and Captan (2024/08/21)
ADAMA has announced the continued availability of its fungicides Folpet and Captan in Europe for another 15 years. The company provided extensive data to demonstrate the safety and efficacy of these fungicides, which are essential for European farmers. Captan’s renewal includes conditions tied to precision agriculture, promoting environmentally responsible crop management. ADAMA’s successful re-registration of these fungicides reinforces its commitment to innovation and support for European growers.
Gaël Hili Appointed As New CEO & President of ADAMA (2024/07/18)
ADAMA Ltd. appointed Gaël Hili as its President and CEO, effective October 1, 2024. He will also join the Syngenta Group Leadership Team and be based in Tel Aviv. Hili succeeds Steve Hawkins, who will become President of Syngenta Crop Protection. Jeff Rowe, President and CEO of Syngenta Group, expressed confidence in Hili’s leadership, citing his extensive industry experience. Hili’s focus is on accelerating ADAMA’s transformation plan and driving long-term success.
ADAMA Ltd. Publishes 2023 ESG Report (2024/05/21)
ADAMA Ltd. (SZSE 000553) published its 2023 Environmental, Social, and Governance (ESG) Report, outlining its commitment to carbon emission reduction, sustainability in business strategy, and key achievements such as product launches, greener manufacturing investments, sustainable product development, employee development, diversity, equity, and inclusion initiatives, safety investments, and community contributions. ADAMA aims to integrate sustainability into its core business strategy and continue striving for excellence.
Read the complete report here.
Launches EDAPTIS® in Poland (2024/05/07)
ADAMA Ltd, a global leader in crop protection, has announced the initial registration of its innovative herbicide, EDAPTIS®, in Poland. This ready-to-use solution provides comprehensive control over grassy weeds and is effective against resistant weed populations. EDAPTIS® is a post-emergent foliar herbicide that combines two primary modes of action: Pinoxaden (Group 1) and Mesosulfuron (Group 2). This unique combination improves weed control compared to conventional products. The product also boasts a favorable sustainability profile, incorporating refined rapeseed oil in its formulation. The company plans to expand the registration of EDAPTIS® to several European countries, including France, Germany, the UK, Italy, and Spain.
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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