American Vanguard Corporation
| NYSE: AVD |
American Vanguard Corporation, through its subsidiary AMVAC Chemical Corporation, is an American producer of agrochemicals and pesticide delivery systems. The company was cofounded by P Sakariya, who stepped down as president in 1994. His son, Eric Wintemute, became chairman and chief executive officer in 1994.[1]
American Vanguard trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVD."[2]
The company operates factories in Los Angeles and Axis, Alabama.[3][4]
Products have included dichlorvos (DDVP),[5] metam sodium, mevinphos, pentachloronitrobenzene (PCNB) and terbufos.
History
[edit]In 1991, over 19,000 gallons of metam sodium manufactured by Amvac Chemical Corporation spilled from a train derailment into Shasta Lake.[6] AMVAC settled resulting lawsuits for $2 million while Southern Pacific Transportation Company paid $30 million in settlements.[7]
In 2001, AMVAC began producing the herbicide DCPA (Dimethyl tetrachloroterephthalate, trade name Dacthal) for the American market.[8]
In 2007, Amvac paid $300,000 in a pre-trial settlement with six workers who were exposed to dibromochloropropane (DBCP) on a Dole Food Company-operated banana plantation in the 1970s.[9]
In 2017, the company acquired the US rights to abamectin, Chlorothalonil, and paraquat from ADAMA Agricultural Solutions.[10]
In 2018, the company acquired the US and Canada Bromacil business from Bayer Crop Science.[11]
In August 2024, the Environmental Protection Agency (EPA) issued an emergency order to immediately remove DCPA from the market.[12]
References
[edit]- ^ "About Us". 2015. Archived from the original on 2015-01-13.
- ^ "AVD Stock Forecast, Price & News (American Vanguard)".
- ^ Mitchell, Ellen (30 August 2012). "AMVAC expansion gets tax breaks from Mobile County". Al.com. Advance Local Media. Retrieved 15 November 2018.
- ^ Miller, T Christian (8 April 2007). "Pesticide maker sees profit when others see risk". Los Angeles Times. Retrieved 15 November 2018.
- ^ Miller, T Christian (16 May 2006). "Controversial Insecticide Allowed to Stay on Market". Los Angeles Times. Retrieved 15 November 2018.
- ^ Mydans, Seth (21 July 1991). "Questions Linger as California Spill Sits". New York Times. Retrieved 15 November 2018.
- ^ Darling, Dylan (9 July 2011). "20th anniversary of Cantara Loop spill: Measures taken to keep Sacramento River clean". Redding Record Searchlight. Retrieved 15 November 2018.
- ^ "Dacthal Returns to the Market; Crops, Use Patterns Remain the Same". SouthWestern Farm Press Staff. 8 February 2001. Retrieved 2015-03-22.
- ^ "Banana Workers Get $3.3M In Pesticide Case". The Associated Press. 5 November 2007. Retrieved 15 November 2018.
- ^ "AMVAC buys three products from Adama to sell to US market". Southeast FarmPress. 8 June 2017. Retrieved 15 November 2018.
- ^ Zimmerman, Chuck (2 July 2018). "AMVAC Purchases Bayer Bromacil Business". agwired.com. Retrieved 15 November 2018.
- ^ Joselow, Maxine; Ajasa, Amudalat (2024-08-06). "EPA takes emergency action to stop use of dangerous pesticide". Washington Post. ISSN 0190-8286. Retrieved 2024-08-06.