Profile: Syngenta AG (SYT)
18 Dec 2013
Syngenta AG (Syngenta) is an agribusiness operating in the crop protection and seeds businesses. The Company is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality. In addition, Syngenta offers Professional Products through the development of products for markets, such as lawn and garden, professional pest management, vector control and public health. The crop protection chemicals include herbicides, insecticides, fungicides and seed treatments to control weeds, insects and diseases in crops. Many of these products also have application in the professional products sector in areas, such as public health, turf and ornamental markets. The seeds business operates in three sectors: seeds for field crops, including corn, oilseeds, cereals and sugar beet; vegetable and flower seeds, and pot and bedding plants. The Company operates in three business segments: crop protection, seeds and business development. On September 30, 2010, Syngenta acquired the Maribo Seed sugar beet business from Nordic Sugar, a subsidiary of Nordzucker AG. On November 8, 2010, Syngenta acquired the 50% equity interest in Greenleaf Genetics LLC. During the year ended December 31, 2010, the Company acquired Maribo Seeds.
Syngenta is active in herbicides, especially for corn, cereals, soybean and rice; fungicides mainly for corn, cereals, fruits, grapes, rice, soybean and vegetables; insecticides for fruits, vegetables and field crops; seed care, primarily in corn, soybean, cereals and cotton, and professional products, such as products for public health and products for turf and ornamentals. Herbicides can be subdivided into selective herbicides, which are crop-specific and control weeds without harming the crop, and non-selective herbicides, which reduce or halt the growth of all vegetation with which they come in contact. Its seed care products are insecticides and fungicides used to protect growth during the early stages. Professional products are herbicides, insecticides and fungicides used in markets beyond commercial agriculture, and include a range of growing media mixes for professional flower growers.
Syngenta has a range of selective herbicides that control grasses and broad-leaved weeds and are applicable to the crops with an emphasis on corn and cereals. Atrazine (AATREX/GESAPRIM) acts against annual grasses and broad-leaved weed. Clodinafop (TOPIK/HORIZON/CELIO/DISCOVER) is a grass herbicide, which provides the spectrum of annual grass control available in wheat. Fluazifop-B-Butyl (FUSILADE) is used for the post-emergence control of grass weed. Mesotrione (CALLISTO family) is a post-emergent herbicide with a spectrum against broad-leaved weeds in corn. Pinoxaden (AXIAL) is a post-emergent selective grassweed herbicide, for use in both wheat and barley. S-metolachlor (DUAL GOLD/DUAL MAGNUM) is a lower dose rate replacement for metolachlor.
Syngenta has a series of non-selective herbicides, which include Glyphosate (TOUCHDOWN), a non-selective herbicide with systemic activity for glyphosate-based products; Diquat (REGLONE), a non-selective contract herbicide used as a desiccant to allow easier harvesting, and Paraquat (Gramoxone), a non-selective contact herbicide engaged in the development of minimum tillage cropping systems. Syngenta has a range of Fungicides, including Azoxystrobin (AMISTAR), a strobilurin fungicide; Chlorothalonil (BRAVO), a fungicide and a partner for AMISTAR, being integrated into disease control programs, which use both products; Cyproconazole (ALTO), a systemic fungicide with broad-spectrum activity, especially against rust and leaf spot in cereals, soybean, sugar beet and coffee; Cyprodinil (UNIX/STEREO/SWITCH/CHORUS), a fungicide for use on cereals used to control eyespot, powdery mildew and leaf spot diseases, and Difenoconazole (SCORE), a systemic triazole fungicide with broad-spectrum activity against plant diseases, particularly leaf spots of pome fruit, vegetables, field crops and plantation crops.
The Company’s range of fungicides, in addition, includes Fluazinam (SHIRLAN), a fungicide for control of potato blight; MEFENOXAMTM (RIDOMIL GOLD/FOLIO GOLDTM/SUBDUE), used for the control of seeds and soil-borne diseases caused by fungi, such as pythium, phytophtora and downy mildews; Propiconazole (TILT/ BANNER), a foliar fungicide for disease control in cereals, bananas, rice, corn, peanuts, sugar beet, turf and other food and non-food crops, and Trinexapac-ethyl (MODDUS), a plant growth regulator. Syngenta has a range of insecticides, which can be either applied to the soil or sprayed onto the foliage. Abamectin (VERTIMEC or AGRIMEC/AGRIMEK), which is produced by fermentation, is an insecticide and acaricide used against mites, leafminers and some other insects in fruits, vegetables, cotton and ornamentals. Emamectin Benzoate (PROCLAIM or AFFIRM) provides control of caterpillars on vegetables, cotton and fruits. Lambda-cyhalothrin (KARATE/ICON) is an agricultural pyrethroid brand. Lufenuron (MATCH) is an insect growth regulator that controls caterpillars in corn, potatoes, cotton, vegetables and fruits. Thiamethoxam (ACTARA) is active at low use rates against a spectrum of soil and sucking insects.
The Company’s seed care products include Difenoconazole (DIVIDEND), active against a range of diseases, including bunts, smut and damping off on cereals, cotton, soybeans and oilseed rape; MEFENOXAM (APRON XL) is used for the control of seed and soil-borne diseases caused by fungi, such as pythium, phytophtora and downy mildews; Fludioxonil (MAXIM or CELEST) is a contact fungicide with residual activity targeting seed and soil-borne diseases like damping off, bunt, smut and leaf stripe on cereals, and Thiamethoxam (CRUISER) is an insecticide with systemic activity in a range of crops, including cereals, cotton, soybeans, canola, sugar beet, corn, sunflower and rice. Syngenta offers a range of professional products for use in turf (golf courses and sports fields), ornamentals (cut flowers, bedding plants and nurseries), vegetation management (roads, railroads and rights-of-way), and for home and garden use. Prodiamine (BARRICADE) is a pre-emergence grass and broad-leaved weed herbicide in turf. Azoxystrobin (HERITAGE) is a fungicide for use on turf used on golf courses. Trinexapac-ethyl (PRIMO MAXX) is a plant growth regulator for turf that increases stress tolerance and decreases clippings. Growing Media (FAFARD) is a brand in the United States media market engaged in the custom mixes for producers of ornamental plants.
Syngenta offers a range of products for use in controlling insect pests, including Lambda-cyhalothrin (ICON), used in public health outlets for control of malaria and other tropical diseases and nuisance pests, such as house flies and cockroaches, and Cypermethrin (DEMON), a pyrethroid insecticide that provides a lasting soil treatment to prevent termites from attacking homes and other structures. The Company’s other products include Mandipropamid (REVUS), a fungicide for fruit and vegetables to combat late blight and downy mildew; Isopyrazam, a broad-spectrum cereal fungicide; Chlorantraniliprole mixtures (DURIVO, AMPLIGO, VOLIAM and VIRTAKO), a chemical of the bisamide class, and AVICTA, a seed treatment for the control of nematodes in cotton and corn. The Company’s products in late stage development include Bicyclopyrone, 545, Sedaxane and Cyantraniliprole.
In the crop protection segment, Syngenta competes with BASF, Bayer, Dow, E.I Du Pont de Nemours and Co. and Monsanto.
Syngenta develops, produces and markets seeds and plants that have been developed using advanced genetics and related technologies. As of December 31, 2010, its seed portfolio offered over 200 product lines and over 6,800 varieties of Syngenta’s own genetics. The Company divides its products into field crops, such as corn, oilseeds and sugar beet, and horticultural crops, which consist of flowers and vegetables.
Corn (NK/Garst/Golden Harvest) hybrids are sold by Syngenta, through distribution channels covering a range of countries and maturities. In addition, hybrids and inbred lines are licensed to other seed companies, through the GreenLeaf Genetics joint venture with Pioneer Hi-Bred International, Inc. Sugar Beet (Hilleshog) seeds are bred to develop high yielding varieties with stress and disease tolerance, high sugar content, low soil tare and improved juice purity. Oilseeds (NK) include sunflowers, soybeans and oilseed rape. Syngenta sunflower seed varieties are bred for high yield, as well as heat stress tolerance, disease resistance, herbicide tolerance and oil quality. Cereals (NK/NFC New Farm Crops/AgriPro - Coker/ Resource Seeds Inc. /C.C. Benoist) wheat and barley varieties combine high yield, disease resistance and agronomic characteristics coupled with grain quality for the milling, malting and animal feed industries.
The Company’s vegetables brands include S&G, Rogers, Daehnfeldt and Zeraim Gedera. Syngenta offers a range of vegetable seeds, including tomatoes, peppers, melons, watermelons, squash, cauliflower, cabbage, broccoli, lettuce, spinach, sweet corn, cucumbers and oriental radish. Syngenta develops genetics that address the needs of consumers as well as processors and commercial growers. The Company’s flowers brands include Syngenta Flowers, Goldsmith, Yoder and GoldFisch. Syngenta offers a range of flower seeds, plugs and vegetative multiplication material (cuttings) which it sells to professional growers of horticultural crops. Syngenta focuses on breeding a range of flower varieties, including bedding plants, such as viola, begonia, New Guinea impatiens, pelargonium and petunia; pot plants, such as cyclamen and poinsettia; cuttings for, amongst others, the market of hanging baskets, such as impatiens and verbena, and a range of perennials. Its other products include Agrisure 3000GT, NK Petrol, Mini Kumato, Intrude/Hunter, Strategos/Pegaso, Calliope, Plush, Mammoth, Perfetto, Volumia, Mira, Techno and Goldalia.
In the seeds segment, the Company competes with Monsanto, Pioneer Hi-Bred International Inc. (Pioneer), Vilmorin, KWS, Bayer, Dow, Ball, Sakata and Takii.
Business Development directs early stage research and technology expenditures, as well as expenditures for development and marketing activities. Business Development is producing corn amylase via contract with growers under the United States Food and Drug Administration (USDA) permit. On February 11, 2011, its ENOGEN was approved by the USDA. Syngenta’s primary center for agricultural genomics and biotechnology research is at Syngenta Biotechnology, Inc. (SBI) in Research Triangle Park in the United States. As of December 31, 2010, Syngenta’s Business Development segment was engaged in Queensland University of Technology for biofuels, with concentration on development of sugar cane transformation and gene expression tools; Proteus S.A. for biofuels, focusing on discovery and evolution of enzymes in the processing of biofuels; Chromatin, Inc. for gene stacking, use of their gene stacking technology in sugarcane, and Institute for Genetics and Developmental Biology, Beijing, China for yield, drought trait gene discovery.
In the business development segment, the Company competes with Monsanto, Pioneer, Bayer and Dow.