Nufarm to close NZ manufacturing plant (PDF 209KB)15 Apr 2014 Nufarm Limited announced today that, following a review of its New Zealand manufacturing operations, it will close the facility at Otahuhu, near Auckland, and further consolidate regional manufacturing activity at its existing Laverton (Victoria) facilities.
Executive re-organisation (PDF 345KB)12 Feb 2014 Nufarm Limited today announced a partial re-organisation of its executive management team to better reflect the strategic priorities of the business.
Sustainable DHA omega-3 canola closer to reality (PDF 181KB)03 Feb 2014 A significant milestone was achieved late last year by Australia’s long-chain omega-3 canola research collaboration when it produced DHA oil levels equal to that found in wild fish.
The collaboration, formed in 2011 between Nuseed, the CSIRO and the GRDC, aims to develop a genetically modified canola that will produce long-chain omega-3 oil at levels equal to that of wild fish.
“With more people around the world consuming long-chain omega-3 oils for the associated health benefits, a sustainable solution is needed to take pressure off our wild fish stocks and provide an alternate source,” said Dr Malcolm Devine, Nuseed’s global innovation lead.
Sale of Nufarm shares by Doug Rathbone (PDF 349 KB)31 Jan 2014 Nufarm’s Managing Director and CEO, Doug Rathbone, today announced that he has sold the
majority of his shareholding in the Company and entered into a derivative transaction with respect to
a portion of the remaining shares held by him and his associated family entities.
Market update (PDF 180KB)24 Jan 2014 Nufarm Limited today confirmed that it expects to generate a first half result within the previous guidance range provided at the AGM in early December 2013 of EBIT $50 million - $60 million, albeit towards the lower end of that range.
Brazilian tax cases (PDF 347KB)24 Dec 2013 Nufarm has elected to participate in a Brazilian government program that will resolve a number of outstanding tax cases in Brazil.
Nuseed innovation centre opened in Horsham (PDF 40KB)24 Oct 2013 The newly elected Federal Member for Mallee, Mr Andrew Broad, today officially opened a multi million dollar innovation centre in Horsham for Nuseed, a wholly owned subsidiary of Nufarm Limited.
The innovation centre brings together Nuseed Australia's business services, logistics, sales and marketing and research and breeding activities and will be a global centre for Nuseed's canola breeding programs.
The centre, when complete, will represent an investment of approximately $7 million.
Fatality prosecution (PDF 138KB)30 Aug 2013 Nufarm Australia Limited, a wholly owned entity of Nufarm Limited, was today fined $300,000 in the Victorian County Court in connection to a fatality that occurred at the company’s Laverton North manufacturing facility in May 2011.
Nuseed Americas and ADM Collaborate to Deliver Premium Sorghum Products23 Jul 2013 Nuseed Americas and Archer Daniels Midland Company (ADM) are collaborating to deliver premium sorghum flour products to food companies and specialty providers seeking to meet the needs of health-conscious and gluten intolerant consumers. ADM will utilize Nuseed’s recently established Wholis™ branded sorghum supply chain, which includes premium genetics, specifically located and qualified growers, and consistently contracted
specifications, to ensure a consistent, quality sorghum grain, bred for food use.
Nuseed acquires sorghum hybrid assets of HSR Seeds (PDF 223KB)08 Jul 2013 Nuseed, a wholly owned subsidiary of Nufarm Limited, today announced the acquisition of HSR Seeds’ sorghum assets in Australia.
The acquisition complements Nuseed’s existing Australian summer crops hybrid seed activities and expands its regional grain sorghum research and development and market presence. The agreement includes all HSR’s commercial grain and forage sorghum hybrids, research breeding program and germplasm pipeline.
Wholis provides value throughout supply chain (PDF 74KB)30 May 2013 Nuseed has introduced Wholis, a premium food product category. Using proprietary sorghum genetics bred specifically for human consumption, Wholis will deliver consistent, high quality ingredients to food industry partners with excellent milling and nutritional qualities.
Nuseed’s announcement to the wider industry is part of the company’s goal to expand the overall market and value of sorghum. Wholis represents an innovation that extends globally with the opportunity to convert the world’s sixth largest crop from a feed grain into a premium food source.
Roundup distribution (PDF 140KB)05 Mar 2013 Nufarm Limited announced that it has received notice today from Monsanto that agreements relating to the exclusive distribution of Roundup branded glyphosate in Australia and New Zealand are to be terminated.
Seed business acquisition in Brazil04 Feb 2013 Nufarm’s wholly owned Nuseed subsidiary, Nuseed do Brasil S.A., has acquired 51% of the equity in Atlantica Sementes Ltda., a Brazilian business specialising in sorghum and sunflower seeds.
The acquisition provides an important base in the growing Brazilian market and is a further step in the expansion of Nuseed’s global platform.
Market update23 Jan 2013 Market update: Trading conditions in Australia; Guidance maintained for half year; BASF distribution changes in Australia; US turf business acquisition.
Class action settlement approved28 Nov 2012 Nufarm Limited announced that the Federal Court has today approved the settlement agreement relating to class action proceedings that were brought against the company in early 2011.
Class action – amended settlement proposal27 Nov 2012 Nufarm Limited announced today that the Federal Court (Victorian Registry) will be asked tomorrow to give final approval to a settlement of the class action brought against the company by Maurice Blackburn and Slater & Gordon in early 2011. The settlement agreement has been amended to cover an expanded number of claims, with Nufarm agreeing to pay a total of $46.6 million (previously $43.5 million).
Arbitration Update20 Nov 2012 In previous announcements (including in Note 34 to the financial statements for the year ended 31 July 2012), Nufarm Limited (“Nufarm”) has made disclosures concerning arbitration proceedings in Brazil against the previous owners of the Brazil business in relation to pre-acquisition tax liabilities and associated indemnities.
Nufarm today announces that an award from the Arbitral Tribunal has now been received.
Non executive director appointment31 Oct 2012 Nufarm Limited today announced that its Board has approved the appointment of a non-executive director representing the interests of 23% shareholder Sumitomo Chemical Company (SCC).
Mr Toshikazu Takasaki will join the Nufarm Board with effect from the conclusion of Nufarm's AGM on 6 December. Mr Takasaki is a former executive of SCC who held senior management positions in businesses relating to crop protection, both within Japan and in the US. He is now a business consultant.
Nufarm announces new Board member10 Oct 2012 Nufarm Limited announced today that Mr Frank Ford will join the Nufarm Board as a non-executive Director, effective 10 October.
Nufarm prices US$325 million Senior Unsecured Notes Offering01 Oct 2012 Nufarm Limited today announced the pricing by its wholly-owned subsidiary, Nufarm Australia Ltd, of US$325 million in aggregate principal amount of 6.375% Senior Unsecured Notes due 2019 (the “Notes”) in an offering to qualified institutional buyers in the United States pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and to certain persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.
Nufarm announces proposed Offering of Senior Unsecured Notes21 Sep 2012 Nufarm Limited today announced the intention of its wholly-owned subsidiary, Nufarm Australia Ltd, to offer, subject to market and other conditions, US$300 million aggregate principal amount of Senior Unsecured Notes (the "Notes").
Starpharma and Nufarm Sign Crop Protection Agreement07 Aug 2012 Nufarm Limited (ASX:NUF), via its subsidiary Nufarm Australia Limited, and Starpharma Holdings Ltd (ASX:SPL; OTCQX:SPHRY) today announced the signing of an agreement under which the parties will apply Starpharma’s Priostar® dendrimer technology to develop innovative crop protection formulations for Nufarm’s product portfolio.
Nufarm enters into settlement agreement on class action proceedings01 Aug 2012 Nufarm Limited has entered into a conditional settlement agreement in relation to the class proceedings commenced by Maurice Blackburn and Slater & Gordon in early 2011. The settlement covers claims made on behalf of group members who acquired shares during the period from September 2009 to August 2010.
Nufarm forecasts strong growth in underlying profit26 Jul 2012 Nufarm Limited announced today that it expects to generate underlying Earnings before Interest and Tax (EBIT) of between $200 million and $205 million for the current financial year, ending July 31. This compares with an underlying EBIT1 of $171.8 million in the previous financial year. Underlying profit after tax2 is expected to be a range of $110 million to $116 million (2011: $98.1 million).
Nufarm expands production capabilities in USA28 May 2012 Nufarm will establish a new manufacturing facility in Chicago to support growth in the fungicides, insecticides and seed treatment segments.
The new facility, which will open in 2013, will also accommodate Nufarm's North American headquarters and the global head office for the group's seed technologies business, Nuseed. The project involves a capital investment of approximately $9 million.
Nufarm reports higher first half profit (119KB PDF)27 Mar 2012 Nufarm Limited today announced a net profit after tax of $18 million for the half year ended January 31, 2012. This compares with a profit of $4 million reported in the corresponding period of the previous year. Excluding material items, operating profit after tax was $23.9 million, an increase of 5.3% on the 2011 first half. Operating EBIT was up 11.8% to $37.8 million.
Nufarm appoints Peter Margin as non-executive director (PDF 114KB)03 Oct 2011 Nufarm Limited today announced the appointment of Peter Margin as a non-executive director of the company.
Mr Margin's appointment coincides with advice provided to the Board by non-executive director, Dr John Stocker, that he will retire from the Board at the company's Annual General Meeting on December 1.
Nufarm Step-up Securities Update (PDF 113KB)23 Sep 2011 Nufarm Limited confirmed today that it will 'step up' the Nufarm Step-up Securities (NSS). This will result in the interest margin attached to the NSS being stepped up by 2.0%, with the new interest margin being set at 3.9%, from the next distribution date as at November 24, 2011. No other terms will be adjusted and there are no further step-up dates.
Documentation executed on securitisation facility (PDF 100KB)23 Aug 2011 Nufarm Limited confirms that the principal transaction documentation associated with a $300 million trade receivable securitisation facility has now been executed. Details of the facility were disclosed in a company announcement on August 9, 2011.
Disputed receivable update (PDF 85KB)15 Jun 2011 In an announcement on May 26, 2011, Nufarm advised that an ongoing dispute relating to a claim was the subject of confidential discussions aimed at reaching a compromise between the parties.
Nufarm appoints new non-executive director (PDF 85KB)31 May 2011 Nufarm Limited today announced the appointment of Gordon Davis as a non-executive director of the company. Mr Davis' nomination was approved by a meeting of the Nufarm Board today and his appointment takes immediate effect.
Receivables dispute (PDF 122KB)26 May 2011 As disclosed in Nufarm's relevant financial statements, the company and a major supplier have been in dispute about certain claims referable to the 2009, 2010 and 2011 financial years.
Fatality at Laverton manufacturing site (PDF 100KB)20 May 2011 Nufarm Limited said today that it is co-operating with the relevant authorities to fully investigate the circumstances surrounding yesterday's death of a worker at the company's Laverton North manufacturing site.
Doug Rathbone share sale to Sumitomo (PDF 470KB)10 May 2011 Nufarm Limited's Chief Executive Officer, Doug Rathbone, has informed the company that he and associated entities have sold 4.5 million Nufarm shares to Sumitomo Chemical Company (Sumitomo) in an on-market transfer executed before the opening of trading on the Australian Stock Exchange today.
Nufarm confirms interim profit guidance and announces CFO transition (PDF 88KB)23 Mar 2011 Following a meeting of Nufarm Limited's Audit Committee today, the company has confirmed that its operating profit result (net profit after tax before material items) for the six month period to January 31, 2011, will be slightly above the previous $10 million to $20 million guidance provided by the company.
The final accounts for the interim period will be considered by a Nufarm Board meeting on Monday, March 28, before being released later that day.
The company also announced today that Nufarm Limited's Chief Financial Officer, Kevin Martin, has advised the company that he is stepping down from his position at the end of March.
Group Treasurer announced (PDF 114KB)25 Feb 2011 Nufarm Limited today announced the appointment of a new Group Treasurer.
Nathan Morrison – who joins the company from PwC - will commence in this new senior finance position (reporting to Chief Financial Officer, Kevin Martin) in late March.
Nufarm appoints new non-executive director (PDF 97KB)10 Feb 2011 Nufarm Limited today announced the appointment of Anne Brennan as a non-executive director of the company. Ms Brennan's nomination was approved by a meeting of the Nufarm Board today and her appointment takes immediate effect.
Company Announcement re Second Class Action Proceeding17 Jan 2011 Earlier this afternoon, applicants represented by Maurice Blackburn served a class action proceeding on Nufarm Limited. The proceeding was filed on 24 December 2010 but was not served on Nufarm Limited until today.
Nufarm Limited denies any and all allegations of wrongdoing, and will defend the proceedings vigorously.
Company Announcement re Class Action Proceedings17 Jan 2011 Late on Friday 14 January, applicants represented by Slater & Gordon filed and served class action proceedings on Nufarm Limited.
Nufarm Limited denies any and all allegations of wrongdoing, and will defend the proceedings vigorously.
Nufarm completes refinancing (PDF 101KB)15 Dec 2010 Nufarm Limited confirmed today that it has completed the $900 million refinancing package announced on November 30. The new syndicated bank facility replaces interim financing arrangements that terminate today.
Nufarm announces bank debt refinancing arrangements (PDF 110KB)30 Nov 2010 Nufarm Limited announced today that it has executed credit approved term sheets for a new $900 million syndicated bank facility that will refinance Nufarm’s existing bilateral banking facilities that are due to expire on December 15, 2010. The term sheets for the new facility have been credit approved by Rabobank, ANZ, NAB and HSBC.
Nufarm secures agreement with banks (PDF 113KB)27 Sep 2010 Nufarm Limited announced today that it has secured waivers on its banking covenants in respect of the periods ending July 31, 2010 and October 30, 2010. Nufarm's lenders have also agreed to provide a funding facility for the period through to mid December.
Market Update (PDF 112KB)01 Sep 2010 Nufarm Limited announced today that preliminary and unaudited analysis of 2010 year end results confirms that the net operating profit for the company will be within the $55 million - $65 million range indicated by management in its July 14 market update.
Nufarm comments on global glyphosate segment (PDF 92KB)28 May 2010 Nufarm Limited today made a number of comments on the global glyphosate segment. This follows announcements from Monsanto that it is repositioning its glyphosate business and has lower expectations for glyphosate earnings. Nufarm has commented that the adjusted earnings guidance relating to Monsanto's glyphosate business has limited implications for Nufarm's own business and earnings outlook.
Nufarm acquires US sunflower business (PDF 111KB)19 May 2010 Nufarm Limited announced today that it has acquired the oilseed and confection sunflower interests of California based Flower Genetics LLC. Flower Genetics is involved in the breeding, production and marketing of elite sunflower hybrids.
Completion of Sumitomo Tender Offer (PDF 86KB)16 Apr 2010 We refer to the tender offer (Offer) by Sumitomo Chemical Company, Limited (Sumitomo) to acquire up to 20% of the total issued shares in Nufarm Limited (Nufarm) which closed at 7pm (Melbourne time) on 9 April 2010 (Offer Close).
Sumitomo Board approves strategic investment in Nufarm (PDF 174KB )22 Jan 2010 Today Nufarm confirms that it has been advised by Sumitomo that the Sumitomo Board has considered and approved the proposed strategic investment in Nufarm in accordance with the terms in the MoU. Under those terms, the Nufarm Board will (in the absence of a superior proposal) unanimously recommend the proposal from Sumitomo to acquire up to 20% of the issued ordinary shares of Nufarm from eligible Nufarm shareholders for $14.00 cash per share via a tender offer (the “Tender Offer”).
Update on Sinochem Acquisition proposal01 Dec 2009 On September 27, 2009, Nufarm Limited (Nufarm) and Sinochem Corporation (Sinochem) executed a Heads of Agreement in relation to a non-binding proposal for Sinochem to acquire all of the issued ordinary shares in Nufarm for a price of $13.00 cash per share.
Nufarm today announced that the parties are not in a position to execute a TIA by December 3, 2009.
Nufarm and Sinochem agree to work on an acquisition proposal (PDF 790KB)28 Sep 2009 Nufarm Limited (Nufarm) today announced that it has entered into a Heads of Agreement with
Sinochem Corporation (Sinochem) in relation to a non-binding proposal for Sinochem to acquire all of
the issued ordinary shares in Nufarm by way of a scheme of arrangement for a price of $13.00 per
ordinary share (the Proposed Acquisition).
Market Update (PDF 75KB)24 Jul 2009 Nufarm has been approached by Sinochem (on a confidential, preliminary and incomplete basis) in relation to the potential acquisition of Nufarm.
Nufarm Share Purchase Plan (PDF 99KB)16 Jun 2009 Nufarm Announced today that it will extend the closing date for the current Share Purchase Plan (SPP) until 5pm (AEST) on Tuesday 23 June.
Nufarm adjusts earnings guidance (PDF 141KB)16 Jun 2009 Nufarm Limited announced today that it will not achieve previous earnings guidance for the current financial year because of a decline in demand for glyphosate and increased price competition for fewer sales opportunities in key markets.
Nufarm announces capital raising (PDF 129KB)15 May 2009 Nufarm Limited (”Nufarm”) announced today that it will raise approximately $300 million via a fully underwritten institutional placement of 26.7 million ordinary shares at $11.25 per share (“Institutional Placement”). All new shares issued under the Institutional Placement will rank equally with existing shares.
Nufarm DRP underwriting cancelled (PDF 101KB)30 Oct 2008 Given the significant recent deterioration in daily trading volume on the Australian Stock Exchange, Nufarm has today taken the decision to cancel the underwriting of the Dividend Reinvestment Plan (DRP) for the final dividend associated with the 2008 financial year result.
Additional regulatory review of AH Marks acquisition (PDF 120KB)01 Sep 2008 Nufarm announced today that the UK Office of Fair Trading (OFT) advised the company late Friday (UK time) that it has referred certain aspects of Nufarm’s acquisition of the AH Marks business to the UK Competition Commission for further inquiry.
Guidance Update (PDF 103 KB)18 Jul 2008 Nufarm Limited today confirmed that it expects to generate a tax paid operating profit (excluding non operating items) of between $155m and $160m for the financial year ending July 31, 2008. This is above earlier company guidance but broadly in line with market consensus.
Nufarm strengthens global position in glyphosate (PDF 235 KB)17 Jun 2008 Nufarm announced today that is has concluded or signed memorandums of agreement that will secure the company's long term global supply positions relating to glyphosate, and will facilitate a more integrated position in glyphosate manufacture.
Nufarm announces completion of Etigra acquisition02 May 2008 Nufarm announced today that it has completed the acquisition of certain assets and business from US based Etigra LLC, a privately owned supplier of crop protection products focused on the turf and specialty sectors. Following US regulatory approval of the transaction, the acquisition was completed this week.
Nufarm completes $200 million placement06 Mar 2008 Nufarm Limited (“Nufarm”) announced today that it has successfully completed the institutional placement to fund the acquisition of AH Marks Holdings Limited and proposed acquisition of Etigra LLC, announced on 5 March 2008.
Nufarm announces UK and US acquisitions05 Mar 2008 Nufarm Limited announced today that it has acquired AH Marks Holdings Limited (effective immediately), based in Wyke, England and has reached agreement to acquire the business of Etigra LLC, based in Cary, USA.
New Zealand Commerce Commission proceedings11 Feb 2008 The New Zealand High Court has delivered its judgement involving penalties awarded against Nufarm entities following an action brought by the New Zealand Commerce Commission in 2005.
Barter trade loss in Brazil31 Jan 2008 Further to yesterday's announcement re the Company's non-operating loss in Brazil the following information may help to clarify how the barter trade system operates and what occurred in this instance
Nufarm books $22.6 million non-operating loss on Brazil soybean contract30 Jan 2008 The company disclosed at its Annual General Meeting on December 5, 2007, that it had become aware of a one-off liability arising from a hedging position negotiated by the previous management of its Brazilian subsidiary, Agripec, prior to that business becoming a wholly owned Nufarm subsidiary.
Update on Acquisition Proposal10 Dec 2007 On 5 November 2007 Nufarm advised that it had received a non-binding and conditional proposal from a consortium comprising China National Chemical Corporation, The Blackstone Group and Fox Paine Management III (collectively, the Consortium) to acquire Nufarm, by way of scheme of arrangement, for $17.25 cash per share plus payment of a pre-acquisition dividend of up to $0.30 per share.
Nufarm agrees to exclusivity for acquisition proposal at $17.25 cash plus a dividend of up to $0.30 per share05 Nov 2007 Nufarm advises that it has received a non-binding and conditional proposal from a consortium comprising China National Chemical Corporation, The Blackstone Group and Fox Paine Management III, LLC relating to a proposal to acquire 100% of Nufarm shares for $17.25 per share. Additionally, Nufarm will pay a dividend of up to $0.30 per share based on the company’s earnings and cashflow prior to the acquisition (for total consideration of up to $17.55 per share).
Nufarm moves to 100% ownership of Agripec (Brazil)03 May 2007 Nufarm Limited announced today that it has reached agreement to acquire the 50.1% of Agripec Quimica e Farmaceutica S.A (Agripec) it does not already own. Final contracts and regulatory approvals are still to be finalised.
Capital Notes21 Aug 2006 As previously advised (Nufarm company announcement July 26), Nufarm Limited is evaluating options relating to the roll-over or replacement of Capital Notes issued by wholly owned subsidiary Fernz Corporation (NZ) in 2001. These Notes have an election date of 15 October 2006.
Statement re Brazil and year end results03 Aug 2006 Nufarm Limited announced today that it expects to report a year end operating profit for the 12 months to end July 2006 approximately in line with its 2005 operating profit ($121.4 million under AIFRS).
Fchem (Aust.) Limited02 Aug 2006 A non-trading subsidiary of Nufarm Limited, Fchem (Aust.) Limited, was yesterday one of a number of parties served with an application and statement of claim on behalf of the Australian Competition and Consumer Commission (ACCC).
Capital Notes26 Jul 2006 Nufarm Limited has become aware of media commentary suggesting that it is close to issuing a hybrid security to replace the existing Capital Notes (issued by its wholly owned subsidiary Fernz Corporation (NZ) Limited) which are listed on the New Zealand Debt Market.
Nufarm expands seed interests26 Apr 2006 Nufarm Limited will significantly strengthen and consolidate its position in seeds with the acquisition of two Australian canola seed businesses.
Sale of Nuturf Pty Ltd01 Aug 2005 Nufarm Limited announced today that it has signed a heads of agreement for the sale of its Australian turf/speciality business, Nuturf Pty Ltd, to Hong Kong based C K Life Sciences International Holdings Inc. for $7.2 million. 2004 financial year sales for Nuturf Pty Ltd were approx. $20 million; after tax profit was $1.8 million.
Nufarm confirms sale of SEAC subsidiary14 Apr 2005 Nufarm Limited announced today that it has completed the divestment of its SEAC pharmaceutical intermediates business. The business, based near Lille in France, has been sold to Minakem Holdings S.A.S for total consideration of €23 million.
Report to shareholders 6 months ended January 31, 200529 Apr 2005 Nufarm Limited has generated an operating profit of $27 million for the half year period ending on January 31, 2005. This result includes a contribution of $18.2 million relating to Nufarm’s investment in Brazilian crop protection company, Agripec.
Annual General Meeting Update26 Nov 2004 The company recently sent to shareholders notice of this year's annual general meeting to be held on December 9, together with a proxy form and the annual/financial report.
Shares sold by CEO Doug Rathbone09 Nov 2004 Nufarm Limited’s Managing Director and major shareholder, Doug Rathbone, yesterday sold 1.35 million shares in the company, leaving him with a relevant interest in 29.4 million shares (approximately 18% of issued capital).
2004 Full Year Results29 Sep 2004 The directors of Nufarm Limited announced today a tax paid profit of $76.2 million for the year ended July 31, 2004, representing an increase of more than 18% on the previous year’s net operating profit ($64.3m).
Rathbone completes stock sale06 Jul 2004 Nufarm Limited’s Managing Director, Doug Rathbone, confirmed today that he sold one million Nufarm shares yesterday. Mr Rathbone retains an interest in approximately 31 million shares in the company.
Market Update25 May 2004 Following discussions with the Australian Stock Exchange given the negative movement in Nufarm’s share price over the past two days, the company today released a general trading update.
Doug Rathbone’s intentions re stock sale24 May 2004 Nufarm Limited’s CEO, Doug Rathbone, today said he intended to sell up to one million shares in the company over the next six months, subject to the company’s share price, and to appropriate trading windows being available under Nufarm’s share trading policy for directors and key executives.
Nufarm on track to deliver strong profit growth24 Mar 2004 Nufarm Limited today reaffirmed its profit guidance for the full year, saying it was on track to deliver approximately 15% growth on last year’s record operating profit of $64.3 million.
Nufarm to distribute BASF crop protection products in Australia23 Feb 2004 Nufarm Limited announced today that it has entered into an agreement with BASF (Aktiengesellschaft, Ludwigshafen, Germany) to distribute BASF crop protection products in Australia. BASF’s seed treatment and pest control activities in Australia are not subject of the contract.
Don McGauchie joins Nufarm Board19 Dec 2003 Nufarm Limited announced today the appointment of Mr Donald McGauchie as a non-executive director. Mr McGauchie will attend his first Board meeting in February.
Suntory acquires Florigene business from Nufarm Limited02 Dec 2003 Nufarm Limited announced today that it has reached agreement on terms for the sale of its Florigene biotechnology subsidiary to the Japanese company, Suntory Limited. The sale is subject to final approval by Florigene shareholders later this month.
2003 Full Year Results09 Oct 2003 The directors of Nufarm Limited announced today a tax paid profit of $77.1 million for the year ended July 31, 2003. This result includes a one-off taxation benefit of $12.8 million resulting from the company adopting the new Australian consolidation taxation regime.
Nufarm reaffirms earnings guidance27 May 2003 Nufarm Limited has confirmed that it is on track to achieve forecast earnings growth this financial year (to July 31, 2003).
Nufarm reaffirms full year profit outlook27 Mar 2003 Nufarm Limited today reaffirmed its confidence of achieving profit growth for the full year, despite the impact of drought conditions on its first half crop protection sales.
Nufarm strengthens UK business30 May 2002 Melbourne based crop protection company, Nufarm Limited, has restructured its United Kingdom business in an effort to boost market share of its branded products.
Supplementary statement on Monsanto deal; guidance on Nufarm’s current trading05 Mar 2002 Nufarm Limited and Monsanto Company announced on February 12, 2002, that the companies have signed a Memorandum of Understanding relating to the granting to Nufarm of exclusive rights (Australia/New Zealand) to Monsanto’s ‘Roundup’ herbicide range. Nufarm has also agreed to purchase Monsanto’s selective chemistry products.
Monsanto appoints Nufarm as its exclusive distributor of Roundup12 Feb 2002 Nufarm (ASX: NUF) and Monsanto (NYSE: MON) announced today that they have signed a Memorandum of Understanding in which Monsanto will appoint Nufarm as its exclusive distributor for the Roundup family of herbicides in Australia and New Zealand. Nufarm also has agreed to purchase Monsanto’s selective chemistry business in Australia and New Zealand.
Nufarm moves into insecticides via investment in India13 Dec 2001 Nufarm Limited announced today that it had signed a letter of intent to invest in the agricultural chemicals business of Excel Industries Limited, a leading crop protection company in India. Nufarm will pay an undisclosed cash sum for an initial strategic stake of 14% in the business.
Nufarm to seek new financing arrangements03 Sep 2001 Nufarm Limited announced today that it has jointly appointed UBS Warburg and Credit Suisse First Boston to advise on and manage a new capital note issue to replace the existing capital notes. Challenger International is arranger to the issue.
Nufarm shareholders approve delisting in New Zealand06 Aug 2001 Shareholders of Nufarm Limited today voted in support of a proposal to cease trading the company’s shares on the New Zealand Stock Exchange (NZSE). Nufarm has been registered as an Overseas Listed Issuer on the NZSE since migrating its head office and primary listing to the Australian Stock Exchange (ASX) in January of 2000.
Nufarm to consolidate Australian supply position03 Aug 2001 Nufarm Limited announced today that it has agreed to acquire manufacturing facilities and will enter into a supply agreement which will consolidate its position as a leading producer and supplier of crop protection products to the Australian market.