AUS
NZ
UK
CA
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IND
Highlights
- Australia’s chemical industry comprises over 5,000 businesses.
- Last month, Orica entered a binding agreement for a highly strategic acquisition.
- During the first half of FY22, Nufarm announced a 4cps dividend per share.
The chemical industry of Australia comprises nearly 5,500 individual businesses. It includes small family-owned native companies to multinational firms. The sector contributes more than AU$38billion to gross domestic product (GDP).
Chemicals are an indispensable part of every sector ranging from food production to clean drinking water, infrastructure development, mining, and the energy and health sector.
On this note, let us look at three ASX-listed chemical shares from the midcap space. 
Incitec Pivot Ltd (ASX:IPL)
Incitec works on a mission to ameliorate people's lives by unlocking natural resources and causing zero harm. The company operates in the resources and agriculture sector. Incitec has global manufacturing facilities with 20 manufacturing plants in different countries. It produces different kinds of fertilisers, explosives, and industrial chemicals.
The company has two leading businesses, Dyno Nobel, and Incitec Pivot Fertilisers.
Dyno Nobel – It operates in the commercial explosives industry. It produces more than 54 million pounds of packaged explosives and has 32 manufacturing facilities on three continents.
Incitec Pivot Fertilisers – It specialises in supplying fertiliser and bulk commodities. It also provides services such as agronomy and testing.
Orica Ltd (ASX:ORI)
Orica is focused on mobilising the earth's resources in a sustainable way. It offers mining and infrastructure solutions through its various range of mining chemicals, explosives, blasting systems etc.
Last month, the company entered a binding agreement for a highly strategic acquisition.
The agreement is to acquire Axis Mining Technology (Axis), representing a valuable addition to Orica's Digital Solutions platform.
Last month, Orica also completed a placement of AU$650 million, the proceeds of which were used in the acquisition of Axis.
Nufarm Ltd (ASX:NUF)
Nufarm is an agriculture chemical company. It is an ASX-listed crop protection and seed technology company engaged in developing and manufacturing crop protection solutions.
During the first half of FY22, Nufarm reported a rise in earnings with a 41% increment in uEBITDA. Similarly, its revenue increased by 31%, and uNPAT was up by 112%. The company announced a 4cps dividend per share.
In terms of geography, the company's underlying EBITDA went up by 184% in North America.
