A record number of new products were introduced in 2008 - Also in future, Cheminova has several new products in the pipeline!
The herbicide Foxtrot®
In 2009, Cheminova introduces the herbicide Foxtrot® in Denmark. Foxtrot® is especially used for controlling wild oat. Now, Cheminova has a product portfolio consisting of five products for use in cereal crops in Denmark.
- I have great expectations to the sale of this product which in several tests both in Denamrk and abroad has shown to be safe to cereal crops – including winter barley which is often very sensitive, says Tage Knudsen, sales responsible in Denmark.
Foxtrot® - A result of Cheminova’s development activities
The product development of Foxtrot® is based on a very innovative idea resulting in earlier market access than would have been possible with the existing and patent protected technology.
New products and continued growth for products introduced over the past few years will play an important part in a succesful fulfilment of the growth target in Cheminova’s Business Plan ”Five-in-Fifteen” about doubling the global market share to 5% in 2015.
 Download the shareholder lettere here 
Growth targets in Business Plan ”Five-in-Fifteen”
- Double market share to 5% in 2015.
- Higher earnings with EBITDA matching the best among peers in the industry.
- Increased value creation for the benefit of all stakeholders.
How do we achieve the ambitious long-term targets?
- Organic growth through development and sales of new products.
- Acquisitions of complementary products and companies.
- Economies of scale and improved efficiency in all functions.
The shareholder letter has been forwarded by ordinary mail to Auriga’s shareholders and released as Investor News via NASDAQ OMX, Copenhagen, GlobeNewswire.
See Auriga’s investor news
See Auriga's shareholder letters 2009
|
