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Ancom to capitalise on paraquat ban in Thailand, Brazil

ANCOM Bhd is hoping to capitalise on a ban on paraquat use in Thailand and Brazil as it believes its products to be good substitutes and well accepted in those markets. After the toxic chemical was banned in Thailand and Brazil in 2020, a huge vacuum was created in the two big markets, observes Ancom group CEO Lee Cheun Wei. “Paraquat was banned in these countries because it was classified as class-1 poison. This is a favourable situation for us because we see tremendous opportunity in these replacement markets,” he tells The Edge in an interview. ....

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Ancom set to expand agriculture chemicals business via RM23.9m Shennong acquisition | Money

KUALA LUMPUR, Dec 28 Ancom Berhad has today expanded its wings in the agricultural chemicals industry after acquiring two livestock chemical businesses under Shennong Group for a total of RM23.9 million. Through its wholly-owned subsidiary Ancom Crop Care Sdn Bhd, it will now own 80 per cent. ....

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