Nigerian processor WACOT Limited partners with Syngenta to offer farmers innovative crop-solutions

NIGERIA – WACOT Limited, leading food and agro-processing company in West Africa has partnered with global agritech company Syngenta Crop Protection, to boost Nigeria’s food security and ensure sustainable development of the agriculture sector. The collaboration set to run for five years, will build Nigeria’s agriculture sector with world-class science and innovative crop solutions. In a bid to reach the farmers, the initiative will leverage on WACOT Limited’s wide network as it operates in all 36 states in Nigeria and undertakes production of rice, maize, sorghum, soybean, cocoa, spices, sesame,…

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New global agtech leader: Syngenta AG, ADAMA, Sinochem consolidate operations

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…

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Syngenta to invest US$2 billion on innovative and sustainable agriculture solutions

SWITZERLAND – Swiss-based global agribusiness company has pledged to invest US$2 billion over the next five years on finding innovations specifically targeted at delivering a step change in agricultural sustainability. Through the investment, Syngenta plans to help farmers prepare for and tackle the increasing pressure posed by climate change as well as reduce carbon intensity of its operations by 50%. The investment supports a new Syngenta sustainability goal of delivering at least two technological breakthroughs to market each year; reducing agriculture’s contribution to climate change, harness its mitigation capacity and…

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Ghanaian research centre partners Swedish University to transform agric sector

WEST AFRICA – The West Africa Centre for Crop Improvement (WACCI), has entered into a partnership with Swedish University of Agricultural Sciences (SLU) and other research institutions to bolster growth in the agriculture sector. The partnership seeks to catalyse agriculture intensification and economic transformation by addressing issues concerning crop and soil health in Ghana, Nigeria and Burkina Faso. Other key partners include Syngenta Foundation for Sustainable Agriculture (SFSA) and research institutions across the sub-Saharan Africa. The Syngenta Foundation is a non-profit organisation that seeks to create value for resource small…

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Syngenta to scale development of hybrid wheat ahead of 2020 release

USA – The world agricultural company, Syngenta has said that it remains committed to development of hybrid wheat in North America after expectations for the release of hybrid wheat in North America around 2020-21, reports World Grain. The company said it has decided to scale back late-stage development work in hybrid wheat in North America and that its hybrid wheat research in Canada will be put on hold for the time being. “We will apply the learnings from commercialization in Europe and plan to ramp up our late-stage program in…

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Syngenta expands Board with new directors from ChemChina

SWITZERLAND – Swiss-based global company Syngenta has announced that ChemChina has appointed two additional Directors, bringing its Board to a total of ten members. The appointments included that of Paul Fribourg, Chairman and Chief Executive Officer of Continental Grain Company as a Non-Executive Director and Erik Fyrwald, Chief Executive Officer of Syngenta an Executive Director. According to the company, following the appointments, the Board comprises six ChemChina appointed Directors and four Independent Directors. Paul has been CEO at Continental Grain since 1997 but had previously held senior management, commercial and…

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Bayer wins EU approval to take over Monsanto

GERMANY – German agrochemicals giant Bayer has won EU antitrust approval for its $62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega mergers that will reshape the agrochemicals industry. The tie-up is set to create a company with control of more than a quarter of the world’s seed and pesticides market. Driven by shifting weather patterns, competition in grain exports and a faltering global farm economy, Dow and Dupont, and ChemChina and Syngenta had earlier led a wave of consolidation in the sector. Both deals…

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Syngenta completes the sale of European product portfolio to Nufarm

AUSTRALIA – Syngenta, the global agribusiness company has announced that it has completed its divestment plans to sale a portfolio of Syngenta AG and Adama Agricultural Solutions Ltd crop protection products to Nufarm Limited. Syngenta announced the bid to sale the portfolio for an agreed transaction valued at US$490 million in accordance with the commitments given to the European Commission (EC) relating to ChemChina’s acquisition of Syngenta, completed in May 2017. According to Syngenta, the transaction which included a combined portfolio of off-patent crop protection formulations in the herbicides, fungicides,…

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Syngenta and Nippon Soda enter global licensing agreement for novel seed treatment technology

SWITZERLAND – Seed giant Syngenta and Japanese chemical company Nippon Soda,  have announced that they have entered a global licencing agreement that will enhance collaboration on seed treatment technology. The agreement aims to enhance the use of the new seed treatment technology in the seed market, supported by best-in-industry expertise and the Global Seedcare Institute Network. PICARBUTRAZOX is an active ingredient that brings innovation for control of Pythium diseases and adds a novel mode of action to leading Syngenta Seedcare portfolio. Under its Seedcare program, Syngenta combines a range of…

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Syngenta to pay US$1.5b as settlement to US farmers over GMO corn exports

USA – Syngenta has agreed to pay more than US$1.5 billion to American farmers following a lawsuit over its decision to commercialize a genetically modified (GMO) strain of corn before China approved importing it. In what World Grain refers to be one of the largest agricultural settlements in U.S. history, the deal covers U.S. corn producers, grain handling facilities and ethanol plants nationwide that sold corn priced after Sept. 15, 2013. “We are very pleased with this outcome. America’s corn farmers and related businesses were hurt economically and this settlement…

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