The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPlant Health Regulatory News (PHC)

Share Price Information for Plant Health (PHC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.64
Bid: 3.30
Ask: 3.64
Change: -0.33 (-8.68%)
Spread: 0.34 (10.303%)
Open: 3.70
High: 3.70
Low: 3.64
Prev. Close: 3.80
PHC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Distribution deal with Agrium subsidiary

1 Feb 2012 07:00

RNS Number : 5493W
Plant Health Care PLC
01 February 2012
 



 

01 February 2012

 

Plant Health Care plc

 

PLANT HEALTH CARE ANNOUNCES DISTRIBUTION DEAL WITH AGRIUM SUBSIDIARY

Plant Health Care (AIM: PHC), a leading provider of naturally derived products to the agriculture and horticulture industries, announces that it has signed an exclusive, multi-year agreement with ASP-Chile ("ASP"), a wholly owned subsidiary of Agrium Inc, one of North America's largest fertilizer manufacturers that supplies North and South America and Australia with all of the major agriculture nutrients. No financial details are disclosed.

 

Plant Health Care will supply ASP with its Myconate and Harpin products for use on all crops in Chile. Harpin will be marketed for all foliar uses while Myconate may be applied by seed treatment or ground application. Plant Health Care will work with ASP whilst it tests the products in order for them to be registered in Chile, after which the products can be available for sale, expected to begin within the next two years.

 

Chile is an important agricultural producer with more than six million acres under production and it is a major supplier of off-season produce to Europe and North America. ASP is one of Chile's leading providers of chemicals and specialty nutrients for agriculture. This deal marks a significant milestone in that it represents the first time in the South American market that Plant Health Care has entered into a major supply agreement in which its products are able to be used on all crops.

 

Myconate is a patented, synthetic compound that encourages plant growth by stimulating existing mycorrhizal fungi in the soil and creating a bigger root mass. More than six years of successful field trials provide product efficacy with increased yields, during tests, of up to 30% depending upon crop and location. Plant Health Care's aim is that that Myconate will become a standard element of farmer's seeding and nutrition programmes on a global basis.

 

Harpin is a patented, specific protein that activates a plant's innate ability to protect itself and, at the same time, enhances growth and yield. In addition, the technology offers an important range of post-harvest benefits such as improved fruit quality and extended shelf-life. This is an important factor in Chile which has to ship fresh produce over long distances to reach important markets.

 

"This is an important breakthrough in our strategy to gain global market penetration for our products" said John Brady, CEO of Plant Health Care. "ASP Chile is a major player in its local market and this relationship is a significant stepping stone towards achieving further deals in the important agricultural countries of South America.

 

"We are convinced that our customers will benefit from this new cooperation," said Laura Etchegorry, General Manager of ASP Chile. "This partnership with Plant Health Care is an extension of the outstanding work that PHC developed in the United States. This cooperation enables ASP Chile to continue to provide to Chilean farmers, best solutions to make their businesses more profitable, clean and efficient".

 

- ENDS -

 

 

 

 

For further information, please contact:

 

Plant Health Care plc

John Brady, Chief Executive Officer

Tel: +1-603-525-3702

jabrady@planthealthcare.com

 

 

Evolution Securities

Tavistock Communications

Jeremy Ellis

Jeremy Carey/Simon Compton

Tel: +44-20-7071-4300

Tel: +44-20-7920-3150

 

jeremy.ellis@evosecurities.com

 

jcarey@tavistock.co.uk

scompton@tavistock.co.uk

 

Notes to Editors

 

About Plant Health Care plc: Plant Health Care plc ("PHC") is a leading provider of naturally derived products for plants and soil. Established in 1995 in Pittsburgh (Pennsylvania) in the United States, PHC currently has approximately 40 employees and has operations in the United States, Mexico, the United Kingdom, Spain and the Netherlands.

 

The Company's ordinary shares have been quoted on the AIM Market of the London Stock Exchange since July 2004 and listed on the Official List of the Channel Islands Stock Exchange ("CISX") in February 2010 (ticker symbol/ mnemonic: PHC).

 

PHC's products are aimed at the agriculture and landscape industries and are environmentally beneficial. Through the commercialisation of these products, PHC is capitalising on current long-term trends toward natural systems and biological products for plant care and soil and water management. Further information is available at: www.planthealthcare.com.

 

Trademarks:

Myconate and Harpin are trademarks or trade names which Plant Health Care owns or which others own and license to Plant Health Care for use.

 

About ASP Chile:

ASP CHILE S.A. is one of the most important Chilean distributors ofthe full range of crop protection products required by our customersfor efficient production of all major farm commodities in Chile. Wevalue our relationships with our vendors, who comprise a list of themost respected basic manufacturers of crop protection products in theworld.

 

Owned by Agrium group, ASP CHILE S.A. conducts research and trainingthroughout the year to stay abreast of new and improved chemistryavailable through modern crop protection products. The ASP Chile'sobligation to be familiar with the full range of products we offer sothat we can provide to our customers with accurate information ontheir use, benefits and limitations.

Further information please visit: www.asp-chile.cl and www.agrium.com"

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRADMGFMLMGGZZM
Date   Source Headline
22nd Apr 20247:00 amRNSApproval of Harpinαβ in Belgium
16th Apr 20247:00 amRNSPlant Health Care--China Distribution with AMVAC
4th Apr 20247:00 amRNSApproval of PHC68949 in Mexico
4th Mar 20241:55 pmRNSHolding(s) in Company
24th Jan 20244:27 pmRNSHolding(s) in Company
2nd Jan 20247:00 amRNSBrazil approves TEIKKOâ„¢
20th Dec 20237:00 amRNSBoard Changes and Grant of Options
19th Dec 20233:34 pmRNSHolding(s) in Company
30th Nov 20231:45 pmRNSHolding(s) in Company
28th Nov 20233:16 pmRNSHolding(s) in Company
27th Nov 20234:03 pmRNSHolding(s) in Company
27th Nov 20231:27 pmRNSHolding(s) in Company
24th Nov 20234:19 pmRNSDirector/PDMR Shareholding
24th Nov 202310:57 amRNSDirector/PDMR Shareholding
23rd Nov 20232:31 pmRNSHolding(s) in Company
22nd Nov 20237:00 amRNSTrading Update
31st Oct 20237:00 amRNSChange of Adviser
20th Oct 20237:00 amRNSHolding(s) in Company
3rd Oct 20236:28 pmRNSPlant Health Care PREtec Product with Agrii UK
28th Sep 20237:00 amRNSNew PREtec Products Announced
27th Sep 20237:00 amRNSUnaudited Interim Results
25th Sep 20237:00 amRNSPREtec Products Submitted for Regulatory Approval
31st Aug 20237:00 amRNSNotice of Results & Investor Presentation
18th Aug 20237:00 amRNSNew Product Regulatory Approval In Brazil
1st Aug 20237:00 amRNSApproval for Sale of Harpin aß Granted in Poland
24th Jul 20237:00 amRNSGrant of Options
12th Jul 202312:27 pmRNSHolding(s) in Company
30th Jun 20235:07 pmRNSNotification of Major Holdings
28th Jun 202312:29 pmRNSHolding(s) in Company
27th Jun 20234:08 pmRNSHolding(s) in Company
27th Jun 20231:08 pmRNSDirector Shareholding
23rd Jun 20237:00 amRNSResult of Fundraising
22nd Jun 20234:35 pmRNSFundraising to raise up to US$3.6 million
14th Jun 20237:00 amRNSWilbur Ellis Agreement
13th Jun 20231:43 pmRNSResult of AGM
30th May 20237:00 amRNSHolding(s) in Company
24th May 20231:12 pmRNSHolding(s) in Company
19th May 20235:55 pmRNSPublication of Annual Report and Notice of AGM
18th May 20237:00 amRNSResult of Consultation
9th May 20237:00 amRNSPHC68949 granted first stage of approval in Brazil
2nd May 20237:10 amRNSResults for the year ended 31 December 2022
12th Apr 20232:33 pmRNSNotice of Results
5th Apr 20235:29 pmRNSHolding(s) in Company
8th Mar 20232:45 pmRNSExercise of Options
2nd Mar 20237:00 amRNSBiofungicide PHC279 Approved by US EPA
1st Mar 20237:00 amRNSDirector/PDMR Shareholding
6th Feb 20237:00 amRNSTrading Statement
30th Jan 202312:08 pmRNSSignificant Shareholder
18th Jan 20237:00 amRNSBoard Appointments
12th Jan 20237:00 amRNSNovozymes Distribution Agreement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.