The company’s average number of employees grew from 20 to 23, but its profit dropped by 18% to RON2.2 million (EUR478,000), Confidas data also show.
Adama Agricultural Solution SRL is held by Makteshim Agan Holding BV (The Netherlands) and Greek-born Dimitrios Drisis is the company’s administrator, per the quoted source.
During the period of the state of emergency triggered by the COVID-19 pandemic, Dimitrios Drisis, CEO of Adama Agricultural Solutions in Romania, said the agribusiness market will exit the crisis a lot more strengthened. According to Drisis, Adama has a market share of nearly 10% in Romania.
Adama Ltd, the group which includes the company in Romania, is one of the leading global manufacturer and worldwide distributor of crop protection solutions, with more than 7,000 employees and operations in over 100 countries. Adama started from two Israeli crop protection companies, Makhteshim and Agan, that were established in 1952 and 1945 respectively, and then merged in 1997 to form Makhteshim Agan, per data on the company website.
In 2011, Adama became part of the ChemChina Group (the China National Chemical Corporation), one of the largest corporations in Asia, with sales of over %58 billion and 140,000 employees. In 2014, the company introduced its new global brand and became known as ADAMA. In 2017, the company returned to the public markets by combining with Hubei Sanonda Ltd. a leading Chinese crop protection producer. In January 2020, ADAMA became part of the Syngenta Group, a newly-formed ag-industry leader, and part of the ChemChina group, created through the bringing together of the agricultural businesses of ChemChina and Sinochem.