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Syngenta announces increase in agricultural production capacity in Brazil and Switzerland.

M2 EQUITYBITES-October 5, 2016-Syngenta announces increase in agricultural production capacity in Brazil and Switzerland

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Agricultural company Syngenta reported on Tuesday the completion of USD240m in production capacity expansion projects in Brazil and Switzerland under its long-term commitment to agricultural development.

As part of its expansion plans, the company has invested in two plants in Brazil, a new ELATUS fungicide plant in Paulinia, Sao Paulo as well as an expanded corn seed factory in Formosa, Goias.

The ELATUS formulation plant in Paulinia is the first in Latin America to make use of PEPITE technology, which results in water-soluble granules, combining the properties of liquid use with the convenience and easy transportable advantage of a dry, solid product. The formulation improves transportation of the ingredients to the plant tissue, ensuring rapid and systemic protection of the crop. It provides outstanding potency against soybean rust and provides long lasting control and increased yield.

In Formosa, the installations at Syngenta's corn seed plant have been quadrupled. The site will raise its production capacity from 400,000 to 1.6m bags of corn per year.

Additionally, the company is expanding its manufacturing facility for S-Metolachlor in Kaisten, Switzerland. The investment has enabled significant production capacity expansion for S-Metolachlor, a leading herbicide used in many brands, including ACURON, DUAL GOLD and LUMAX. S-Metolachlor has proven to be a critical tool in managing weeds that are increasingly difficult to control in a number of crops, notably corn and soybean.

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Publication:M2 EquityBites (EQB)
Geographic Code:3BRAZ
Date:Oct 5, 2016
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