An Giang Plant Protection Joint Stock Company ("AGPPS")

An Giang Plant Protection is the leading distributor and manufacturer of crop protection chemicals (CPC) in Vietnam. With a nationwide distribution network of 23 branches and nearly 500 large-size wholesale agents, the company dominates the market with a 25% market share. Distributed products are primarily sourced from Syngenta, the world’s No. 1 agricultural input producer, with which the company has had an uninterrupted long-term relationship. Several key revenue contributors are sold on an exclusive basis.

Investment thesis

The company's product strength in crop protection, seeds and largest on-the-ground sales force ("farmer's friends") position An Giang well to expand downstream into rice processing & trading to exploit the full value chain in agricultural business. The vertical integration will also ensure a well-controlled (rice) production process, considered as a competitive edge in rice brand building.

Recent developments

The company has achieved extraordinary business results over the past four years (2007- 2010) with revenue and net profit growing by 31% and 39% per annum respectively.

AGPPS is in the progress of shaping its long term future, according to which, by 2015 the company will become the leading provider of agricultural services leveraging on its core competency, that is the ability to work closely/effectively with farmers through the “farmers’ friends” program. AGPPS will be vertically integrated with core businesses in seeds, CPC, agricultural machinery services and the trading of rice and other agricultural products. AGPPS will have its own brand of rice, which is catered to both domestic and international demands.

History

An Giang Plant Protection Joint Stock Company was established in 1993 and equitised in 2004.

For more information, please visit AGPPS’s main website at www.agpps.com.vn