Ann: GENERAL: NFF: Nufarm and Sumitomo Chemical E

• Release Date: 19/03/12 17:23
• Summary: GENERAL: NFF: Nufarm and Sumitomo Chemical Expand Strategic Alliance
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NFF
19/03/2012 15:23
GENERAL

REL: 1523 HRS Nufarm Finance (NZ) Limited

GENERAL: NFF: Nufarm and Sumitomo Chemical Expand Strategic Alliance

Nufarm and Sumitomo Chemical
Expand Strategic Alliance in Canada and Central and Eastern Europe

Nufarm Limited ("Nufarm") and Sumitomo Chemical Company Limited ("Sumitomo
Chemical") announced today that new distribution arrangements between the two
companies have been put in place for Canada and three European
countries--Hungary, Romania and Ukraine.
In Canada, Nufarm Agriculture Inc. ("Nufarm Agriculture") has become a
distributor for crop protection and specialty products of Valent USA
Corporation ("Valent") and Valent BioSciences Corporation ("VBC"). Nufarm
Agriculture is a Nufarm Group company, and Valent and VBC are companies of
the Sumitomo Chemical Group.
Nufarm Agriculture distributes a wide variety of Valent and VBC product lines
incorporating a portfolio of agricultural, horticultural, industrial
vegetation management and biorational products in Canada. This arrangement
builds on and augments the successful distribution arrangement commenced in
2011 when Nufarm Agriculture began distributing Valent's Valteratm Herbicide.

In Hungary, Romania and Ukraine, Nufarm has also become a distributor for
Sumitomo Chemical. Nufarm's local group companies in these countries will
distribute Sumitomo Chemical's insecticides including esfenvalerate and
pyriproxyfen. In addition, in Ukraine, fenitrothion, which is in widespread
use worldwide as Sumithion(TM), will be distributed through a Nufarm local
company.
General Manager of Nufarm Agriculture, Yvonnick  Jambon, said "the Valent and
VBC range of products includes a number of proprietary active ingredients and
will strengthen Nufarm's position in a number of key market segments in
Canada".
Nufarm's General Manager for North East Europe, Peter van Sloun, said "the
addition of the Sumitomo portfolio will strengthen Nufarm's insecticide
position and allow the company to target a number of higher value segments."
Managing Executive Officer of Sumitomo Chemical, Ray Nishimoto, said "in
addition to the successful distribution of Valtera Herbicide by Nufarm, we
welcome this expanded strategic alliance in Canada. Also, in these three
European countries, the new distribution arrangements with Nufarm will
further strengthen Sumitomo Chemical's crop protection chemicals business."
Since a capital tie-up in April 2010, Nufarm and Sumitomo Chemical have
continued efforts to create a synergy effect in various business activities
including product sale and manufacture. These new arrangements now allow
Sumitomo Chemical products to be distributed via Nufarm's platform on a
broader geographical scale, spanning 15 countries, including Brazil,
Indonesia and the European region. Nufarm products are distributed via
Sumitomo Chemical Group companies in six countries including France, Spain
and Italy.  Both companies continue to assess additional opportunities for
cooperation.
-- end --

Further information: Robert Reis
   Corporate Affairs
   * (61 3) 9282 1177
End CA:00220891 For:NFF    Type:GENERAL    Time:2012-03-19 15:23:38