SWITZERLAND – Syngenta Group Co. has announced the official launch of Syngenta Group, a new entity that unites the strengths of Syngenta AG, headquartered in Switzerland, ADAMA, based in Israel, and the agricultural businesses of Sinochem, based in China.
The new entity, Syngenta Group, will be headquartered in Switzerland, employing a total of 48,000 people in more than 100 countries, and will leverage the capabilities of the three companies to become a global leader in agricultural science and innovation.
ADAMA, Syngenta and Sinochem’s agriculture-related activities – which collectively had sales of US$23 billion in 2019 – announced the creation of the Syngenta Group in January this year. Syngenta Group is already the global market leader in crop protection, the global number three in seeds, and the market leader in fertilizer in China.
The new group is now poised to offer comprehensive agronomic solutions and digital agricultural services with 15 key production sites.
The Group said that its mission is to deploy scientific innovations, technologies, and services to help farmers sustainably provide the world with better food, feed, fiber and fuel, while conserving resources and protecting the environment.
Under its new structure, the organization encompasses four business units; Syngenta Crop Protection – led by Jon Parr based in Basel, Switzerland; Syngenta Seeds – led by Jeff Rowe based in Chicago, USA; ADAMA – led by Ignacio Dominguez based in Airport City, Israel and Syngenta Group China – led by Hengde Qin based in Shanghai, China.
Erik Fyrwald, formerly CEO of Syngenta AG, has been appointed as the Syngenta Group CEO; Chen Lichtenstein, formerly CEO of ADAMA will become the CFO; Steve Landsman as Syngenta Group General Counsel, and Laure Roberts becomes Syngenta Group Chief Human Resources Officer.
“I am pleased that our new organization is ready to bring the diversity and expertise of our teams to deliver the broadest range of sustainable and competitive products,” said Fyrwald.
“Customers will continue to get the full attention of the businesses as they currently serve them, but the capabilities each brings will be enhanced where it adds value by collaboration across the Syngenta Group.”
In addition to Switzerland, Israel and China, the Group will also leverage its presence in many other countries, including the USA where the global Syngenta Seeds business and R&D are headquartered, Brazil and UK.
With the new move, the Syngenta Group now ranks among the most diverse businesses in the world. The Group said that it will announce its new Good Growth Plan in late June 2020.
This will be the Group’s first major initiative after its launch. The companies noted that as a single entity, the Group will address the shifting challenges faced by farmers around the world and society’s changing expectations of agricultural technology and sustainability.
Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE