Syngenta to expand corn seed production capacity in Formosa, Brazil

Wed Feb 6, 2013 1:02am EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130206:nPnPH55304


BASEL, Switzerland,  Feb. 6, 2013  /PRNewswire/ --

* Annual capacity to be quadrupled  
* Driven by grower demand for leading corn hybrids  
* Enabling expansion of integrated corn solutions

Syngenta today announced plans to invest  $77 million  in the expansion of its
corn seed production facility in Formosa,  Brazil. Annual capacity will be
quadrupled to 1.6 million bags by 2015.  

Corn production in  Brazil  is expected to almost double by 2020, spurred by
growth in the pork and poultry sectors. Over the same period, the value of 
Brazil's corn seed market is expected to reach  $2.7 billion  with increased
second season production and greater technology adoption.  

Syngenta's Chief Operating Officer,  John Atkin, said: "Brazil  is already among
the world's top three corn producers and has tremendous long-term growth
potential. The Formosa expansion will help us meet increasing grower demand for
our leading hybrids and our new trait combinations. These will also form part of
our new integrated solutions which focus on grain quality, water efficiency and
land optimization."

Syngenta's Formosa facility is located at the heart of 110,000 hectares of prime
corn growing country. The area's climate supports two growing seasons and
Syngenta's leading hybrid seed portfolio is well suited to the area. Formosa's
location close to  Brasilia  means logistics infrastructure is also good,
providing better export market access for growers.  

Syngenta is one of the world's leading companies with more than 27,000 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

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.

 Syngenta International AG  Media contacts:              Analyst/Investor contacts:   
                                                                                      
 Media Office               Paul Barrett                 Jennifer Gough               
 CH-4002 Basel              Switzerland +41 61 323 2323  Switzerland +41 61 323 5059  
 Switzerland                                             USA +1 202 737 6521          
 Tel: +41 61 323 2323                                                                 
 Fax: +41 61 323 2424       Daniel Braxton               Lars Oestergaard             
                            Switzerland +41 61 323 2323  Switzerland +41 61 323 6793  
 www.syngenta.com                                        USA +1 202 737 6520          
                                                                                      
                                                                                      


SOURCE  Syngenta

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.