BASEL, Switzerland,
Sept. 21, 2012 /PRNewswire/ --
Syngenta, in conjunction with the Governor of Krasnodarskiy Krai,
Russia, has signed a Letter of
Intent to invest up to $85 million in
the construction of a hybrid seed and crop protection production
facility.
John Atkin, Chief Operating
Officer, said: "Technology will play a key role in realizing
Russia's ambition to intensify its
agriculture sustainably. This also represents a significant
economic opportunity for Russian farmers. It is therefore vital
that they have access to high quality crop protection products and
hybrid seeds. Our intended investment will enable local production
of these key inputs."
Subject to obtaining the necessary local permits and approvals,
Syngenta expects to commence production of hybrid seed in 2015 and
of crop protection products in 2016.
"This announcement underlines our long-term commitment to
Russian agriculture. We are pleased to be working closely with the
authorities in Krasnodarskiy Krai, which is a region at the
forefront of the sustainable development of agriculture in
Russia," Mr. Atkin concluded.
Syngenta is one of the world's leading companies with more than
26,000 employees in over 90 countries dedicated to our
purpose: Bringing plant potential to life. Through world-class
science, global reach and commitment to our customers we help to
increase crop productivity, protect the environment and improve
health and quality of life. For more information about us please go
to www.syngenta.com.
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Statements
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therefor.
Syngenta International AG
Media
Office
CH-4002 Basel
Switzerland
Tel:
+41 61 323 2323
Fax:
+41 61 323 2424
www.syngenta.com
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contact:
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SOURCE Syngenta