Dow AgroSciences LLC, a unit of chemical giant
), has secured Chinese registration for its Arylex active
herbicide. This represents the first registration of this novel
weed resistance management tool.
Arylex, a low-use rate herbicide, has been geared to help growers
manage hard-to-control broadleaf weeds and protect their cereal
crops. This innovative tool is the first member of a new structural
class of synthetic auxin herbicides and has utility in multiple
Dow AgroSciences has also received Chinese registration for the
Quelex herbicide, a combination of Arylex and florasulam for use in
cereals. The company expects continued registration of products
with Arylex in 2014 and beyond in key cereal herbicide markets
including Canada, Australia, the U.S. and most European nations.
The regulatory process is nearing completion in Canada.
Indiana-based Dow AgroSciences, which raked in global sales of $7.1
billion last year, is a leading provider of crop protection and
plant biotechnology solutions. The launch of the Arylex active
herbicide is expected to reinforce its leadership position in the
cereal herbicide market.
Revenues from Dow's crop protection business rose 4% in
first-quarter 2014 on higher sales of herbicides in Europe, Middle
East and Africa (EMEA) and insecticides in Latin America. New crop
protection revenues jumped 28% in the quarter.
Dow should gain from healthy fundamentals in the agriculture
market. A string of innovative products in its pipeline adds to its
Dow is a Zacks Rank #2 (Buy) stock.
Other chemical stocks worth considering include
Compass Minerals International Inc.
L'Air Liquide SA
Kronos Worldwide, Inc.
). While Compass Minerals holds a Zacks Rank #1 (Strong Buy), both
L'Air Liquide and Kronos carry a Zacks Rank #2 (Buy).
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