Syngenta Expands Production Capacity in Brazil and Switzerland
October 04 2016 - 1:00AM
Business Wire
- Combined investment of $240 million
to meet growing demand for best-in-class chemistry and
seeds
- Bringing winning innovation into the
hands of growers
Syngenta has announced the completion of capacity expansion
projects at key sites in Brazil and Switzerland. The Company has
invested a combined total of $240 million in two plants in Brazil -
a new ELATUS™ fungicide plant in Paulínia, São Paulo, and an
expanded corn seed factory in Formosa, Goiás - and in expanding its
manufacturing facility for S-Metolachlor in Kaisten, Switzerland.
These projects will ensure the achievement of industry-leading
efficiency.
The ELATUS™ formulation plant in Paulínia is the first in Latin
America to make use of PEPITE® technology, which results in
water-soluble granules, combining the properties of liquid use with
the convenience and easy transportable advantage of a dry, solid
product. The use of this formulation, in addition to the
characteristics of ELATUS™ active ingredients, also improves
transportation of the ingredients to the plant tissue, ensuring
rapid and systemic protection of the crop. ELATUS™ sales in Latin
America exceeded $400 million in 2015. It provides outstanding
potency against soybean rust and provides long lasting control and
increased yield benefits for the grower.
In Formosa, the installations at Syngenta’s corn seed plant have
been quadrupled. The site will raise its production capacity from
400,000 to 1.6 million bags of corn per year.
The investment in Kaisten, Switzerland, has enabled significant
production capacity expansion for S-Metolachlor, a leading
herbicide used in many brands, including ACURON™, DUAL GOLD®, and
LUMAX®. S-Metolachlor has proven to be a critical tool in managing
weeds that are increasingly difficult to control in a number of
crops, notably corn and soybean.
Mark Peacock, Syngenta Head of Global Operations, said: “With
these investments in production capacity expansion, we confirm our
long-term commitment to agricultural development and to bringing
winning innovation into the hands of growers.”
About Syngenta
Syngenta is a leading agriculture company helping to improve
global food security by enabling millions of farmers to make better
use of available resources. Through world class science and
innovative crop solutions, our 28,000 people in over 90 countries
are working to transform how crops are grown. We are committed to
rescuing land from degradation, enhancing biodiversity and
revitalizing rural communities. To learn more visit
www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter®
at www.twitter.com/Syngenta.
Cautionary Statement Regarding Forward-Looking
Statements
This document contains forward-looking statements, which can be
identified by terminology such as ‘expect’, ‘would’, ‘will’,
‘potential’, ‘plans’, ‘prospects’, ‘estimated’, ‘aiming’, ‘on
track’ and similar expressions. Such statements may be subject to
risks and uncertainties that could cause the actual results to
differ materially from these statements. We refer you to Syngenta's
publicly available filings with the U.S. Securities and Exchange
Commission for information about these and other risks and
uncertainties. Syngenta assumes no obligation to update
forward-looking statements to reflect actual results, changed
assumptions or other factors. This document does not constitute, or
form part of, any offer or invitation to sell or issue, or any
solicitation of any offer, to purchase or subscribe for any
ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form
the basis of, or be relied on in connection with, any contract
therefor.
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Syngenta International AGMedia OfficeTel: +41
61 323 2323Fax: +41 61 323
2424www.syngenta.comorMedia:Leandro ContiSwitzerland: +41 61
323 2323orPaul MinehartUSA: +1 202 737 8913orAnalyst/Investor
contacts:Jennifer GoughSwitzerland: +41 61 323 5059USA: +1 202
737 6521orBastien MusySwitzerland: +41 61 323 1910USA: +1 202 737
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