American Vanguard Announces New Asia Pacific Subsidiary
Newport Beach, California – April 27, 2016 - American Vanguard Corporation (NYSE:AVD) today announced that the Company’s wholly-owned subsidiary, AMVAC-Netherlands BV, has established a new Asia Pacific operating entity in Singapore. This new subsidiary, AMVAC Singapore Pte Ltd, will advance the Corporation’s strategic objective of international expansion in this important world region.
This subsidiary will be managed by Lawrence Yu, who is the newly appointed President of AMVAC’s Asia Pacific business. Throughout his 37 year professional career, Mr. Yu has held numerous positions involving technical/commercial development, sales/marketing initiatives, and regional managerial responsibilities. He has contributed to the success of many firms in the crop protection industry, including Uniroyal, Roussel Uclaf, Hoechst, AgrEvo, Bayer CropScience and Sumitomo Chemical.
His most recent assignment was as Regional Head for the Health and Crop Sciences Sector of Sumitomo Chemical in Singapore where he successfully pioneered business expansion in China, India, Japan and Southeast Asia. Prior to that, he was the President of Bayer CropScience in Japan. He has also been active in the industry trade association CropLife Asia, as well as the Committee Chairman for Anti-Counterfeits.
Bob Trogele AMVAC Chief Operating Officer stated: “We are extremely pleased to establish this base of operations in Singapore and to have Lawrence join our International Team. He is a well-recognized professional in the Asia Pacific region and will play a key role in implementing AMVAC Asia Pacific strategy. With his international experience, multiple languages skills and extensive track record in the crop protection and public health industry, Lawrence will nurture regional partnership collaborations, strengthen our commercial development programs and manage AMVAC’s growing presence in the dynamic Asia Pacific region.”
About American Vanguard
American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management and the control of public and animal health pests. American Vanguard is included on the Russell 2000®
& Russell 3000®
Indexes and the Standard & Poor’s Small Cap 600 Index. To learn more about American Vanguard, please reference the Company’s web site at www.american-vanguard.com.
In its public commentary, the Company may discuss forward-looking information. Except for the historical information contained in any of its public commentary, all forward-looking statements are estimates by the Company’s management subject to various risks and uncertainties that may cause results to differ from management’s current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed in the Company’s SEC reports and filings. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.
William A. Kuser, Director of Investor Relations
The Equity Group Inc.