American Vanguard Corporation (NYSE: AVD) today announced that the company’s Brazilian subsidiary has been granted product registration for use of Counter® insecticide on soybeans in Brazil, the world’s largest agricultural market. Counter is a proven, market-leading soil insecticide that provides superior control of yield-damaging nematode infestation. Additionally, Counter is a selective nematicide, which allows it to be used effectively in conjunction with other products to achieve optimal pest control management.
Vitor Cunha, CEO of AMVAC-Brazil, commented: “Field results from farmers have shown that Counter is a unique product in terms of both technical performance and yield improvement. These attributes should translate into improved profitability for users of this premier product. AMVAC-Brazil and our distributor partners are prepared to supply and service the expanding demand for this key nematode control solution.”
Eric Wintemute, Chairman and CEO of American Vanguard, commented: “Counter is one of American Vanguard’s most important soil insecticide products and we are committed to expanding its use internationally. This registration in Brazil is very relevant to the adoption of our SIMPAS precision application technology. The economic and environmental benefits of this targeted deposition system will allow growers of soybean, corn, cotton, and sugarcane to generate greater profitability while providing crops with protection and nutrition in an environmentally sustainable manner.”
ABOUT AMERICAN VANGUARD
American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and nutrition, turf and ornamentals management, commercial and consumer pest control. American Vanguard is included on the Russell 2000® & Russell 3000® Indexes and the Standard & Poors 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 this release, 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.
American Vanguard Corporation
William A. Kuser
Director of Investor Relations
The Equity Group Inc.
Senior Vice President