Monsanto to spend $400 mln on research site expansion

Tue Apr 23, 2013 12:17pm EDT

Related Topics

* Company adding 36 new greenhouses
    * Will add space to house approx 2,000 workers

    April 23 (Reuters) - Flush with cash, global seed developer
Monsanto Co. said Tuesday that it will spend $400
million to expand a research center focused on development of
new genetically altered crops.
    Monsanto said it will add 36 new greenhouses, additional
offices and laboratory space as well as additional plant growth
chambers to an existing 1.5 million-square-foot site in
Chesterfield, Missouri, to facilitate development of its seed
and genetic trait product development. The greenhouses and plant
growth chambers can be programmed to represent any climate
around the world.
    Earlier this month, Monsanto said it expects to sell a
record amount of corn this year, and said that it had $1.6
billion in free cash flow, with full-year free cash flow seen at
 $1.8 billion to $2 billion.
   The Creve Coeur, Mo.-based company plans to begin work this
summer and expects to add 675 jobs related to the expansion over
the next three years, officials said.   
     Monsanto currently has approximately 1,000 employees at its
Chesterfield site, and will be able to house 2,000 technology
employees when the expansion is completed. The company already
has 250 laboratories, 122 plant growth chambers and two acres of
greenhouses at the location.
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Comments (2)
highdesert420 wrote:
Well isn’t that special?

Apr 23, 2013 1:06pm EDT  --  Report as abuse
alexreynolds wrote:
Yup, ample evidence this is Monsanto once again trying to take over the world, amid class action lawsuits for dumping toxins into the environment.

Just look at Monsanto’s track record, like them dumping PCBs in Anniston, AL. Thank goodness the organics movement is about to make GMO extinct, and finally the truth is coming out about how they increase infertility, birth defects, leukemia, parkinson’s, autism and adhd- you just have to do a quick search through the NIH database to find out exactly what’s going on. In Europe, where Monsanto people arent in government, they already know this and have banned it. As for their new pesticide, it’s based on Agent Orange, so you know exactly what’s going on there.

Apr 23, 2013 3:27pm EDT  --  Report as abuse
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